Businessdayonline news

Here are some recent news articles from BusinessDayOnline:

Top Stories

  1. Nigeria's Inflation Rate Rises to 17.71% in January - The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate rose to 17.71% in January, up from 16.47% in December.
  2. FG to Review Tax Laws to Boost Revenue - The Federal Government has announced plans to review the country's tax laws to boost revenue and reduce tax evasion.
  3. Nigeria's GDP Growth Rate Slows to 2.55% in Q4 2022 - The National Bureau of Statistics (NBS) has announced that Nigeria's GDP growth rate slowed to 2.55% in the fourth quarter of 2022, down from 3.98% in the previous quarter.

Business

  1. Dangote Cement to Invest $1.5bn in New Plant - Dangote Cement has announced plans to invest $1.5 billion in a new cement plant in Nigeria.
  2. MTN Nigeria to List on NSE in March - MTN Nigeria has announced plans to list its shares on the Nigerian Stock Exchange (NSE) in March.
  3. Stanbic IBTC to Launch New Digital Banking Platform - Stanbic IBTC has announced plans to launch a new digital banking platform to enhance customer experience.

Economy

  1. Nigeria's External Reserves Fall to $38.5bn - Nigeria's external reserves have fallen to $38.5 billion, down from $40.4 billion in January.
  2. FG to Implement New Tariffs on Imported Goods - The Federal Government has announced plans to implement new tariffs on imported goods to boost local production.
  3. Nigeria's Debt Profile Rises to N38.6 Trillion - Nigeria's debt profile has risen to N38.6 trillion, up from N34.8 trillion in 2022.

Markets

  1. Nigerian Stock Exchange (NSE) Index Falls 0.45% - The NSE index fell 0.45% on Monday, following a decline in the prices of some blue-chip stocks.
  2. FMDQ OTC Securities Exchange Index Rises 0.25% - The FMDQ OTC Securities Exchange index rose 0.25% on Monday, driven by gains in the prices of some bonds.
  3. Naira Appreciates Against Dollar - The naira appreciated against the dollar on Monday, closing at N415.50 to the dollar.

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