A breakdown revealed that financial institutions in Q2 2025 recorded N1.45 trillion GDP contribution by value, representing a 9.96 per cent QoQ from 1.61 trillion in Q1 2025, while the insurance sector recorded N198.66 billion in Q2 2025, up by 20.7 per cent QoQ when compared to N164.58 billion in Q1 2025. The sector’s contribution to the nominal GDP was 4.57per cent in Q2 2025, higher than the 3.33per cent it represented a year previous, and higher than the contribution of 3.07per cent it made in the preceding quarter. The NBS disclosed that Nigeria’s real GDP grew by 4.23 per cent YoY in real terms in the Q2 2025, higher than the 3.48per cent recorded in the Q2 2024. During the quarter under review, agriculture grew by 2.82 per cent, an improvement from the 2.60 per cent recorded in the corresponding quarter of 2024. The CBN’s consistent efforts to tighten monetary policy by raising interest rates and the MPR directly impacted the financial sector.