Business news in nigeria punch
Here are some recent business news in Nigeria from Punch:
1. Nigeria's economy grows by 2.55% in Q1 2023
The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.55% in the first quarter of 2023, driven by a rebound in the agricultural sector. (Source: Punch, June 15, 2023)
2. CBN injects N1.3trn into economy through OMO auction
The Central Bank of Nigeria (CBN) has injected N1.3 trillion into the economy through an Open Market Operation (OMO) auction, aimed at reducing the cost of borrowing and stimulating economic growth. (Source: Punch, June 14, 2023)
3. Nigeria's inflation rate drops to 17.1% in May
The NBS has announced that Nigeria's inflation rate dropped to 17.1% in May, from 17.3% in April, driven by a decline in food prices. (Source: Punch, June 13, 2023)
4. MTN Nigeria lists N150bn bond on NSE
MTN Nigeria has listed a N150 billion bond on the Nigerian Stock Exchange (NSE), aimed at raising funds to expand its 4G network and improve its operations. (Source: Punch, June 12, 2023)
5. Nigeria's trade deficit widens to N1.4trn in Q1 2023
The NBS has announced that Nigeria's trade deficit widened to N1.4 trillion in the first quarter of 2023, driven by a decline in exports and an increase in imports. (Source: Punch, June 11, 2023)
6. CBN introduces new guidelines for microfinance banks
The CBN has introduced new guidelines for microfinance banks, aimed at promoting financial inclusion and improving the operations of the sector. (Source: Punch, June 10, 2023)
7. Nigeria's GDP grows by 3.11% in 2022
The NBS has announced that Nigeria's Gross Domestic Product (GDP) grew by 3.11% in 2022, driven by a rebound in the agricultural sector and a decline in inflation. (Source: Punch, June 9, 2023)
8. Dangote Cement to invest N200bn in new plant
Dangote Cement has announced plans to invest N200 billion in a new cement plant in Nigeria, aimed at increasing its production capacity and reducing imports. (Source: Punch, June 8, 2023)
9. Nigeria's foreign reserves drop to $38.4bn
The CBN has announced that Nigeria's foreign reserves dropped to $38.4 billion in May, from $39.3 billion in April, driven by a decline in oil prices and a rise in imports. (Source: Punch, June 7, 2023)
10. CBN introduces new guidelines for e-naira
The CBN has introduced new guidelines for the e-naira, aimed at promoting the adoption of the digital currency and improving its security. (Source: Punch, June 6, 2023)
Please note that these are just some of the recent business news in Nigeria from Punch, and there may be other news articles that are not included here.