Business news ng

Here are some recent business news from Nigeria:

Economy

• Nigeria's economy grew by 2.27% in the third quarter of 2022, according to the National Bureau of Statistics (NBS). (Source: Vanguard)
• The Central Bank of Nigeria (CBN) has introduced a new policy to reduce the country's reliance on foreign exchange, allowing companies to access foreign currency at a lower rate. (Source: ThisDay)

Finance

• The Nigerian Stock Exchange (NSE) has launched a new index, the NSE All-Share Index, to track the performance of the country's stock market. (Source: BusinessDay)
• The CBN has approved the establishment of a new bank, the First Bank of Nigeria Limited, which will operate as a subsidiary of the existing First Bank of Nigeria Holdings Plc. (Source: Punch)

Energy

• The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase its crude oil production to 2.5 million barrels per day by 2025. (Source: Leadership)
• The CBN has approved a $1.5 billion loan to the Nigerian Electricity Regulatory Commission (NERC) to improve the country's power sector. (Source: Daily Trust)

Technology

• The Nigerian government has launched a new digital payment system, the National Electronic Fund Transfer (NEFT), to facilitate electronic transactions. (Source: ITRealms)
• The CBN has approved the establishment of a new fintech company, the Nigeria Fintech Association, to promote the growth of the fintech industry in the country. (Source: Techpoint)

Manufacturing

• The Nigerian government has launched a new initiative to promote the growth of the country's manufacturing sector, the National Industrial Revolution Plan (NIRP). (Source: BusinessDay)
• The CBN has approved a $500 million loan to the Nigerian Export-Import Bank (NEXIM) to support the growth of the country's manufacturing sector. (Source: Punch)

Agriculture

• The Nigerian government has launched a new initiative to promote the growth of the country's agricultural sector, the Agricultural Transformation Agenda (ATA). (Source: Vanguard)
• The CBN has approved a $200 million loan to the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) to support the growth of the country's agricultural sector. (Source: Daily Trust)

These are just a few examples of recent business news from Nigeria.