Latest Nigeria News Today Headlines – July 5, 2025
Read up-to-date breaking Nigeria news headlines today, such as IMF advice on the 2025 budget, devastating floods, oil-monitoring reforms in real-time, APC/PDP realignments, and more. Stay ahead of the news with reliable, on-time analysis.
A mix of economic caution, climate disasters, oil-industry reforms, and politics dominate the headlines today. Read a complete rundown of Nigeria's top stories below:
IMF Requests Nigeria to Review 2025 Budget in the Wake of Oil Price Decline
The International Monetary Fund (IMF) has requested Nigeria to re-balance its assumptions for the 2025 budget in light of oil trading at near \\$68/barrel levels, much lower than projected \\$75/barrel.
- Growth is expected at 3.4% in 2025 and 3.2% in 2026—not sufficient for income per capita growth.
- The IMF recommends introducing fiscal cushions, raising cash transfers, cutting fuel subsidies (approximately 2% of GDP) and maintaining stringent monetary policy to hold down inflation.
- The foreign exchange market reforms have raised investor confidence by lowering the gap between official and parallel exchange rates.
Reuters – IMF Budget Call
Flood Crisis: Over 200 Killed, Thousands Displaced
Nigeria continues to experience deadly floods, including the Mokwa flood in Niger State (May 28–29), with 206+ deaths and thousands displaced.
- Flooding in April has affected over 3,000 homes and infrastructure severely in various states—Niger, Rivers, Kwara.
- More than 15 million people remain at risk in 30 of Nigeria's 36 states.
Wikipedia – 2025 Nigeria floods summary
⚙️ Oil Sector Reform: Real-Time Monitoring of Exports to End Theft
Nigeria National Petroleum Authority is implementing a new policy of real-time export monitoring of all oil exports.
- Exporters must register each cargo with unique IDs, vessel clearances, shipment data.
- Objective: verify theft, under-declaration, and enhance revenue collection.
- Defaulting incurs penalties up to $20,000.
Reuters – Oil Tracking Reform
Dangote Refinery Increases U.S. Crude Imports
Nigeria's Dangote refinery will purchase ~5 million barrels of US WTI crude in July, raising its monthly run-rate to 161,000 bpd amid local supply shortfalls.
- The 650,000 bpd refinery is running at around 85% capacity.
Reuters – Dangote WTI Buying Spree
Political Realignment: ADC Resigns as PDP Coalition Emerges
The African Democratic Congress (ADC) leadership has resigned nationwide to pave the way for a 2027 opposition coalition to take shape.
- Interim chairmanship is assumed by David Mark, while Rauf Aregbesola becomes National Secretary.
- Future alliance aims to unite PDP defectors, activists, former ministers led by Atiku Abubakar and Peter Obi.
Naija News – ADC Leadership Change
What It Means for Nigeria
| Industry | Insight |
|---|---|
| Economy | IMF pressure triggers fiscal consolidation; upcoming tighter monetary policy |
| Climate | Flooding exposes urgent infrastructure and disaster-management needs |
| Oil | Oil-export reforms and increased foreign crude imports aim for efficiency |
| Politics | New 2027 coalition signals rising opposition challenge to APC |
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