Business news in nigeria on the sun newspaper
Here are some recent business news articles from The Sun Newspaper in Nigeria:
1. "FG to Revamp Ajaokuta Steel Company" (Published: March 15, 2023)
The Federal Government has announced plans to revamp the Ajaokuta Steel Company, which has been dormant for over two decades. The company, located in Kogi State, was established in 1979 to produce steel products, but it has been plagued by corruption, mismanagement, and lack of funding.
2. "Nigeria's Inflation Rate Drops to 15.92% in February" (Published: March 10, 2023)
The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate dropped to 15.92% in February, from 16.47% in January. The decline was attributed to a decrease in the prices of food and non-food items.
3. "Dangote Cement to Invest $1.5bn in New Plant" (Published: March 8, 2023)
Dangote Cement, one of Nigeria's largest cement manufacturers, has announced plans to invest $1.5 billion in a new cement plant in the country. The plant, which is expected to be completed in 2025, will have a production capacity of 6 million metric tons per annum.
4. "Nigeria's Economy Grows by 2.55% in Q4 2022" (Published: March 3, 2023)
The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.55% in the fourth quarter of 2022, driven by growth in the agriculture and services sectors.
5. "FG to Establish 10 New Industrial Parks" (Published: February 28, 2023)
The Federal Government has announced plans to establish 10 new industrial parks across the country, aimed at promoting industrialization and economic growth. The parks will be located in states such as Lagos, Ogun, and Kano.
6. "Nigeria's Stock Market Rises by 1.14% in February" (Published: February 24, 2023)
The Nigerian Stock Exchange (NSE) has announced that the country's stock market rose by 1.14% in February, driven by gains in the banking and consumer goods sectors.
7. "FG to Launch National MSMEs Development Agency" (Published: February 21, 2023)
The Federal Government has announced plans to launch a National Micro, Small and Medium Enterprises (MSMEs) Development Agency, aimed at promoting the growth and development of MSMEs in the country.
8. "Nigeria's Foreign Reserves Rise to $44.3bn" (Published: February 17, 2023)
The Central Bank of Nigeria (CBN) has announced that the country's foreign reserves rose to $44.3 billion in February, driven by a surge in foreign exchange earnings from oil exports.
9. "FG to Invest $1bn in Power Sector" (Published: February 14, 2023)
The Federal Government has announced plans to invest $1 billion in the power sector, aimed at increasing electricity generation and distribution in the country.
10. "Nigeria's GDP Growth Rate Rises to 3.11% in 2022" (Published: February 10, 2023)
The National Bureau of Statistics (NBS) has announced that Nigeria's GDP growth rate rose to 3.11% in 2022, driven by growth in the agriculture and services sectors.
Please note that these articles are subject to change and may not be up-to-date.