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The Indicator from Planet Money

Nigeria notches new highs, Magic gathers millions, and crypto climbs

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 25 July 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: Nigeria gets a GDP surprise, Magic the Gathering mutes tariff impact for Hasbro, and Bitcoin reaches record highs following the passage of the GENIUS Act.

Related episodes:
How stable is Stablecoin? (Apple / Spotify)
Episode 609: The Curse Of The Black Lotus

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by
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Transcript

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0:00.0

NPR.

0:02.0

This is The Indicator from Planet Money.

0:13.4

I'm Adrian Ma.

0:14.6

And I'm Darym Woods.

0:15.8

Today, we are thrilled to be joined by the clever, curious and cunning, clean-shaven Planet Money correspondent

0:22.5

himself, Kenny Malone.

0:24.4

The clean-shaven is somewhat accurate, although is that a reflection on how disheveled I

0:29.7

look most of the time?

0:30.8

You forgot cute.

0:32.0

I guess it might be.

0:33.6

Kenny, you are at the right place, at the right right time because it's indicators of the week.

0:39.5

On today's show, Nigeria's economy is doing a lot better than expected.

0:45.5

A card game ventures into the dungeon of record revenue growth.

0:50.9

And the crypto heads have some reasons to celebrate this week. That's after the break.

1:00.0

Indicators of the week, Darien, start us off. My indicator is 30%. The Nigerian economy, it turns out that it's 30% larger than originally thought.

1:12.7

30% is quite a delta.

1:14.6

I mean...

1:15.3

Yeah, it is a huge shift in how we perceive what is among Africa's largest economies.

1:21.6

This revision comes from the Nigerian government changing its model for how gross domestic product is estimated.

1:28.2

Is this just sort of like a numbers illusion that happened?

1:32.7

There is no insinuation of any malfeasance. This is just the reality of calculating GDP in

1:38.2

a low-income country. So as you know, GDP is the indicator you get when you add up all the

...

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