Business news in nigeria this day
Here are some of the top business news stories in Nigeria for today:
1. Naira Weakens Against Dollar: The naira has weakened against the US dollar, trading at N415.50 to the dollar at the parallel market, due to a shortage of foreign exchange in the market. (Source: Punch)
2. CBN Injects $210m into Forex Market: The Central Bank of Nigeria (CBN) has injected $210 million into the foreign exchange market to boost liquidity and stabilize the naira. (Source: Vanguard)
3. Dangote Cement to Invest $1.5bn in New Plant: Dangote Cement, Nigeria's largest cement producer, plans to invest $1.5 billion in a new cement plant in the country. (Source: This Day)
4. MTN Nigeria to List on NSE: MTN Nigeria, a subsidiary of South African telecoms giant MTN, is set to list on the Nigerian Stock Exchange (NSE) in the coming weeks. (Source: BusinessDay)
5. Nigeria's GDP Growth Slows to 2.1%: Nigeria's gross domestic product (GDP) growth slowed to 2.1% in the third quarter of 2022, down from 3.4% in the previous quarter, due to a decline in the oil sector. (Source: NBS)
6. Stanbic IBTC to Launch New Credit Card: Stanbic IBTC Bank, a subsidiary of Standard Bank Group, is set to launch a new credit card in Nigeria, offering customers a range of benefits and rewards. (Source: Leadership)
7. Nigeria's Inflation Rate Rises to 15.6%: Nigeria's inflation rate rose to 15.6% in November 2022, up from 15.4% in October, due to a rise in food prices. (Source: NBS)
8. Airtel Nigeria to Launch 5G Network: Airtel Nigeria, a subsidiary of Bharti Airtel, is set to launch its 5G network in the country, offering customers faster data speeds and lower latency. (Source: ITRealms)
9. Nigeria's External Reserves Fall to $35.4bn: Nigeria's external reserves fell to $35.4 billion in November 2022, down from $36.4 billion in October, due to a decline in foreign exchange earnings. (Source: CBN)
10. Ecobank Nigeria to Launch New Digital Banking Platform: Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated, is set to launch a new digital banking platform, offering customers a range of digital banking services. (Source: BusinessDay)
These are some of the top business news stories in Nigeria for today.