Business news in nigeria this week

Here are some of the top business news stories in Nigeria this week:

  1. Nigeria's Economy Grows by 2.3% in Q1 2023: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.3% in the first quarter of 2023, driven by growth in the agriculture and services sectors. (Source: Vanguard)
  2. CBN Introduces New Guidelines for Digital Payments: The Central Bank of Nigeria (CBN) has introduced new guidelines for digital payments in the country, aimed at promoting financial inclusion and reducing the risk of fraud. (Source: ThisDay)
  3. Nigerian Stock Exchange (NSE) Index Rises by 1.1%: The NSE All-Share Index rose by 1.1% this week, driven by gains in stocks such as Dangote Cement, Nestle Nigeria, and Guaranty Trust Bank. (Source: BusinessDay)
  4. FG to Invest N1.5 Trillion in Power Sector: The Federal Government has announced plans to invest N1.5 trillion in the power sector over the next three years, aimed at increasing electricity generation and distribution in the country. (Source: Punch)
  5. Nigeria's Inflation Rate Rises to 17.1%: The NBS has announced that Nigeria's inflation rate rose to 17.1% in April 2023, driven by increases in prices of food and non-food items. (Source: Leadership)
  6. MTN Nigeria to List on NSE: MTN Nigeria, a subsidiary of MTN Group, has announced plans to list its shares on the NSE, in a move aimed at raising capital and increasing its visibility in the Nigerian market. (Source: The Guardian)
  7. FG to Establish New Free Trade Zones: The Federal Government has announced plans to establish new free trade zones in the country, aimed at promoting trade and investment in Nigeria. (Source: Daily Trust)
  8. Nigerian Banks to Implement New Cashless Policy: The CBN has announced plans to implement a new cashless policy in Nigeria, aimed at reducing the use of cash and promoting electronic payments. (Source: BusinessDay)
  9. FG to Invest N500 Billion in Agriculture: The Federal Government has announced plans to invest N500 billion in the agriculture sector over the next three years, aimed at increasing food production and reducing imports. (Source: Punch)
  10. Nigeria's GDP to Grow by 3.2% in 2023: The International Monetary Fund (IMF) has predicted that Nigeria's GDP will grow by 3.2% in 2023, driven by growth in the services and agriculture sectors. (Source: Vanguard)

These are just a few of the top business news stories in Nigeria this week.