Nigeria Weekly News Roundup: Top Stories You Might Have Missed This Week
Welcome to our Nigeria weekly news roundup for the first week of July 2025. From political alliances to economic updates and sports news, here’s everything you need to know from last week Sunday till today.
Stay informed and never miss a headline with our concise summaries below. Click on the “Read More” links to dive deeper into any story.
1. Peter Rufai, Former Super Eagles Goalkeeper, Passes Away at 61
Nigeria mourns legendary goalkeeper Peter Rufai, who died after a prolonged illness at the age of 61. Rufai, who captained the Super Eagles and played in the 1994 World Cup, leaves behind a legacy in Nigerian football history. Tributes are pouring in from fans, former teammates, and sports authorities across the nation.
2. IMF Urges Nigeria to Review 2025 Budget Amid Falling Oil Prices
Amid declining global oil prices, the International Monetary Fund (IMF) has advised Nigeria to recalibrate its 2025 budget. The government had projected oil at $75 per barrel, but prices have slipped below $68, sparking fears of revenue shortfalls and economic strain. The IMF also urged the government to prioritize social safety nets and tackle inflation more aggressively.
3. Opposition Leaders Form Alliance Ahead of 2027 Elections
In a significant political move, opposition heavyweights like Atiku Abubakar and Peter Obi have formed a coalition to challenge the ruling All Progressives Congress (APC) in the 2027 elections. The alliance aims to unify opposition voices and address national issues like security, economy, and electoral reforms. Analysts say this could reshape Nigeria’s political landscape over the next two years.
4. Dangote Refinery Ramps Up U.S. Oil Imports
The Dangote Refinery continues to expand operations, planning to import nearly five million barrels of U.S. WTI crude oil in July. The move supports its refining capacity and signals progress in Nigeria’s push to reduce petroleum product imports. The refinery is expected to be a major player in stabilizing Nigeria’s fuel supply and prices.
5. Naira Gains Slightly as Central Bank Measures Take Effect
The Nigerian naira showed signs of recovery this week, trading closer to ₦1,500/$ in official markets. The Central Bank’s policies to unify exchange rates and boost dollar inflows appear to be yielding results. However, economists caution that challenges remain, especially inflation and external debts.
6. Mokwa Flood Kills Over 200 People in Niger State
Niger State faces tragedy as severe floods in Mokwa have killed over 200 people and displaced thousands. Heavy rains and dam collapses worsened the crisis. President Tinubu has deployed emergency response teams, while humanitarian groups appeal for urgent assistance for survivors.
7. Nigerian Senate Debates New Minimum Wage Bill
The Nigerian Senate is deliberating a proposed bill to increase the national minimum wage, aiming to help citizens cope with rising inflation and cost of living. Labour unions are demanding a significant raise, while government negotiators warn of budget constraints. The final outcome could affect millions of workers nationwide.
8. Nigerian Stock Market Sees Modest Gains
The Nigerian stock market posted slight gains this week, driven by interest in banking and telecoms stocks. Investors remain cautiously optimistic amid global market fluctuations and local economic reforms. Market watchers suggest that steady improvements in government policies could fuel further growth in the second half of the year.
9. Fuel Scarcity Eases in Major Nigerian Cities
Long fuel queues in Lagos, Abuja, and other cities began easing this week after NNPC increased fuel supply. Petrol prices stabilized slightly, although consumers remain concerned about future hikes due to exchange rate pressures and global oil price volatility.
10. Lagos Government Continues Demolition of Illegal Structures
The Lagos State government has intensified efforts to demolish illegal buildings in various areas to prevent urban flooding and ensure proper city planning. Several structures in flood-prone zones have already been removed, sparking mixed reactions from residents and property owners.
Final Thoughts
That wraps up our Nigeria weekly news roundup from last Sunday to today. Whether you’re interested in politics, business, or social issues, these stories shape the landscape of Nigeria this week. Stay tuned for more updates, and don’t forget to explore our other articles, including Common Diseases in Nigerian Schools and Health Dangers of Self-Medication in Nigeria.
Which story interested you the most? Let us know in the comments or share on social media!
