Business news nigeria 2019
Here are some of the major business news stories in Nigeria for 2019:
January
- The Nigerian Stock Exchange (NSE) suspended trading on its main board for two hours due to a technical glitch. (Source: Vanguard)
- The Central Bank of Nigeria (CBN) introduced a new policy to reduce the country's reliance on foreign exchange, allowing companies to access foreign exchange from the official market for the first time. (Source: ThisDay)
February
- The Federal Government of Nigeria launched the National Automotive Policy, aimed at promoting the growth of the automotive industry in the country. (Source: Punch)
- The CBN raised the Monetary Policy Rate (MPR) to 13.5% to curb inflation and stabilize the naira. (Source: BusinessDay)
March
- The NSE listed the first green bond in Nigeria, issued by the Federal Government to raise funds for renewable energy projects. (Source: The Guardian)
- The CBN introduced a new foreign exchange policy, allowing companies to access foreign exchange from the official market for the first time. (Source: ThisDay)
April
- The Federal Government of Nigeria launched the National Digital Economy Policy and Strategy, aimed at promoting the growth of the digital economy in the country. (Source: Punch)
- The NSE listed the first corporate bond in Nigeria, issued by the Dangote Cement Plc. (Source: BusinessDay)
May
- The CBN raised the interest rate on savings deposits to 2.5% to curb inflation and stabilize the naira. (Source: Vanguard)
- The Federal Government of Nigeria launched the National Industrial Revolution Plan, aimed at promoting the growth of the manufacturing sector in the country. (Source: ThisDay)
June
- The NSE listed the first Sukuk bond in Nigeria, issued by the Federal Government to raise funds for infrastructure development. (Source: The Guardian)
- The CBN introduced a new policy to reduce the country's reliance on foreign exchange, allowing companies to access foreign exchange from the official market for the first time. (Source: BusinessDay)
July
- The Federal Government of Nigeria launched the National Agricultural Development Plan, aimed at promoting the growth of the agricultural sector in the country. (Source: Punch)
- The NSE listed the first Real Estate Investment Trust (REIT) in Nigeria, issued by the Union Homes Savings and Loans Plc. (Source: Vanguard)
August
- The CBN raised the interest rate on lending to 15.5% to curb inflation and stabilize the naira. (Source: ThisDay)
- The Federal Government of Nigeria launched the National Industrial Policy and Competitiveness Strategy, aimed at promoting the growth of the manufacturing sector in the country. (Source: BusinessDay)
September
- The NSE listed the first Infrastructure Development Bond in Nigeria, issued by the Federal Government to raise funds for infrastructure development. (Source: The Guardian)
- The CBN introduced a new policy to reduce the country's reliance on foreign exchange, allowing companies to access foreign exchange from the official market for the first time. (Source: Vanguard)
October
- The Federal Government of Nigeria launched the National Export Development Strategy, aimed at promoting the growth of the country's export sector. (Source: Punch)
- The NSE listed the first Corporate Governance Index in Nigeria, aimed at promoting good corporate governance practices in the country. (Source: BusinessDay)
November
- The CBN raised the interest rate on savings deposits to 3.5% to curb inflation and stabilize the naira. (Source: ThisDay)
- The Federal Government of Nigeria launched the National Industrial Revolution Plan, aimed at promoting the growth of the manufacturing sector in the country. (Source: Vanguard)
December
- The NSE listed the first Green Bond in Nigeria, issued by the Federal Government to raise funds for renewable energy projects. (Source: The Guardian)
- The CBN introduced a new policy to reduce the country's reliance on foreign exchange, allowing companies to access foreign exchange from the official market for the first time. (Source: BusinessDay)
These are just some of the major business news stories in Nigeria for 2019.