News Summary

• President Bola Tinubu has overseen a turnaround of the continent's third-largest economy since coming to office in 2023.
• The second quarter’s 4.43% growth was led by the manufacturing, agriculture and services sectors, as well as an oil sector that has benefited from higher crude prices sparked by the Iran war.
• However, insecurity remains a notable weak point, testing his reelection odds ahead of an election in January.
• Despite building security ties with the US, armed conflict and kidnappings remain rampant in much of Nigeria.