Businesss news in nigeria
Here are some recent business news in 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 repatriate 100% of their foreign earnings. (Source: ThisDay)
Investments
- The Nigerian government has approved the establishment of a new free trade zone in the country, which is expected to attract foreign investments worth $10 billion. (Source: The Punch)
- The African Development Bank (AfDB) has approved a $150 million loan to support Nigeria's agricultural sector. (Source: BusinessDay)
Companies
- MTN Nigeria, the country's largest telecommunications company, has launched a new mobile money service, called "MTN MoMo". (Source: Techpoint)
- The Nigerian Stock Exchange (NSE) has suspended trading in the shares of 15 companies, including some of the country's largest banks, due to their failure to comply with regulatory requirements. (Source: The Guardian)
Energy
- The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase the country's oil production capacity to 3 million barrels per day by 2025. (Source: Leadership)
- The CBN has approved a $1.5 billion loan to support the development of Nigeria's power sector. (Source: Daily Trust)
Infrastructure
- The Federal Government has approved the construction of a new international airport in Abuja, which is expected to be completed in 2025. (Source: The Nation)
- The Lagos State Government has launched a new transportation system, called "Lagos Bus Rapid Transit", which is expected to reduce traffic congestion in the city. (Source: Punch)
Technology
- The Nigerian government has launched a new digital payment system, called "Nigeria Inter-Bank Settlement System (NIBSS)", which is expected to reduce the cost of transactions in the country. (Source: BusinessDay)
- The CBN has approved the establishment of a new fintech company, called "Nigeria Fintech", which is expected to provide financial services to underserved communities. (Source: The Guardian)
These are just a few examples of recent business news in Nigeria. If you're looking for more information, I can try to provide you with some additional sources or resources.