Business news nigeria august 2017

Here are some key business news stories from Nigeria in August 2017:

  1. Nigeria's GDP Growth Rate Slows Down: The National Bureau of Statistics (NBS) reported that Nigeria's Gross Domestic Product (GDP) growth rate slowed down to 0.55% in the second quarter of 2017, compared to 1.95% in the same period in 2016. (Source: Vanguard)
  2. Dangote Cement Reports N143.5bn Profit: Dangote Cement Plc, Nigeria's largest cement producer, reported a profit after tax of N143.5 billion for the half-year ended June 30, 2017. (Source: ThisDay)
  3. Nigerian Stock Exchange (NSE) Index Falls 1.4%: The NSE All-Share Index fell by 1.4% in August 2017, due to profit-taking and sell-offs in some blue-chip stocks. (Source: BusinessDay)
  4. Fidelity Bank Acquires 43% Stake in Proshare: Fidelity Bank Plc acquired a 43% stake in Proshare Nigeria Limited, a leading financial information and analytics company. (Source: The Guardian)
  5. Nigeria's Inflation Rate Rises to 16.01%: The NBS reported that Nigeria's inflation rate rose to 16.01% in July 2017, driven by increases in food and non-food prices. (Source: Punch)
  6. MTN Nigeria to List on NSE: MTN Nigeria, a subsidiary of MTN Group, 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: BusinessDay)
  7. Nigerian Government to Review Tax Laws: The Nigerian government announced plans to review the country's tax laws to increase revenue and reduce tax evasion. (Source: Leadership)
  8. Airtel Nigeria to Invest N100bn in Network Upgrades: Airtel Nigeria, a leading telecommunications company, announced plans to invest N100 billion in network upgrades and expansion in the country. (Source: The Punch)
  9. Nigeria's External Reserves Fall to $29.13bn: The Central Bank of Nigeria (CBN) reported that Nigeria's external reserves fell to $29.13 billion in August 2017, due to a decline in foreign exchange earnings. (Source: Vanguard)
  10. Ecobank Transnational Incorporated Reports N44.4bn Profit: Ecobank Transnational Incorporated, a leading pan-African banking group, reported a profit after tax of N44.4 billion for the half-year ended June 30, 2017. (Source: ThisDay)

These are just a few of the key business news stories from Nigeria in August 2017. If you would like more information or specific details on any of these stories, please let me know!