Breaking business news in nigeria

Here are some recent breaking business news in Nigeria:

  1. 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 11.4% in May 2022. This is the highest inflation rate in over two years. (Source: NBS)
  2. 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 2022. (Source: Vanguard)
  3. 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: NBS)
  4. Dangote Cement to Invest $1.5 Billion in New Plant: Dangote Cement, Nigeria's largest cement producer, has announced plans to invest $1.5 billion in a new cement plant in the country. The plant is expected to increase the company's production capacity by 30%. (Source: ThisDay)
  5. Nigeria's Stock Market Falls 1.4%: The Nigerian Stock Exchange (NSE) has announced that the country's stock market fell by 1.4% in the week ended July 15, 2022, due to profit-taking by investors. (Source: NSE)
  6. FG to Launch Digital Currency: The Federal Government has announced plans to launch a digital currency, known as the eNaira, to boost financial inclusion and reduce the use of cash in the economy. (Source: Punch)
  7. Nigeria's Oil Production Falls to 1.4 Million Barrels Per Day: The Nigerian National Petroleum Corporation (NNPC) has announced that Nigeria's oil production has fallen to 1.4 million barrels per day, down from 1.7 million barrels per day in May 2022. (Source: NNPC)
  8. FG to Review Power Sector Privatization: The Federal Government has announced plans to review the privatization of the power sector in Nigeria, following complaints from consumers about poor service delivery. (Source: Vanguard)
  9. Nigeria's Foreign Reserves Fall to $35.4 Billion: The Central Bank of Nigeria (CBN) has announced that Nigeria's foreign reserves have fallen to $35.4 billion, down from $36.4 billion in June 2022. (Source: CBN)
  10. FG to Launch National Development Plan: The Federal Government has announced plans to launch a new national development plan, known as the National Development Plan 2021-2025, to drive economic growth and development in the country. (Source: Punch)

These are just a few of the breaking business news in Nigeria.