All nigeria business news today
Here are some of the top business news stories from Nigeria today:
- Nigeria's Inflation Rate Rises to 12.4%: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate has risen to 12.4% in June 2022, up from 12.2% in May. This is the highest inflation rate in over two years. (Source: Vanguard)
- FG to Review Tax Laws to Boost Revenue: The Federal Government has announced plans to review Nigeria's tax laws to boost revenue and reduce tax evasion. The review is expected to be completed by the end of the year. (Source: ThisDay)
- Nigeria's GDP Growth Rate Slows to 3.1%: The NBS has announced that Nigeria's GDP growth rate slowed to 3.1% in the first quarter of 2022, down from 3.4% in the same period last year. (Source: Punch)
- Dangote Cement to Invest $1.5bn in New Plant: Dangote Cement has announced plans to invest $1.5 billion in a new cement plant in Nigeria. The plant is expected to increase the company's production capacity by 3 million metric tons. (Source: BusinessDay)
- Nigeria's Stock Market Rises by 0.4%: The Nigerian Stock Exchange (NSE) has announced that the All-Share Index (ASI) rose by 0.4% to 43,844.44 points on Tuesday, driven by gains in stocks such as Dangote Cement and Zenith Bank. (Source: NSE)
- FG to Launch Digital Currency: The Central Bank of Nigeria (CBN) has announced plans to launch a digital currency, known as eNaira, to promote financial inclusion and reduce cash transactions. (Source: CBN)
- Nigeria's Oil Production Rises to 1.4mb/d: The Nigerian National Petroleum Corporation (NNPC) has announced that Nigeria's oil production has risen to 1.4 million barrels per day (mb/d), up from 1.2mb/d in May. (Source: NNPC)
- FG to Review Power Sector Privatization: The Federal Government has announced plans to review the privatization of the power sector, which was implemented in 2013. The review is expected to address issues such as high tariffs and poor service delivery. (Source: ThisDay)
- Nigeria's Foreign Reserves Rise to $43.2bn: The CBN has announced that Nigeria's foreign reserves have risen to $43.2 billion, up from $42.8 billion in June. (Source: CBN)
- FG to Launch National Development Plan: The Federal Government has announced plans to launch a new national development plan, which is expected to focus on areas such as infrastructure development, agriculture, and manufacturing. (Source: Vanguard)
These are some of the top business news stories from Nigeria today.