Current business news in nigeria

Here are some current business news in Nigeria:

  1. Nigeria's Economy Grows by 2.3% in Q1 2023: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.3% in the first quarter of 2023, driven by growth in the agriculture and services sectors. (Source: Vanguard)
  2. Dangote Cement to Invest $1.5 Billion in New Plant: Dangote Cement, Nigeria's largest cement producer, has announced plans to invest $1.5 billion in a new cement plant in the country. The plant is expected to increase the company's production capacity by 3 million metric tons. (Source: ThisDay)
  3. Nigerian Stock Exchange (NSE) Index Rises by 1.4%: The NSE All-Share Index has risen by 1.4% to 43,444.34 points, driven by gains in stocks such as Dangote Cement, Nestle Nigeria, and Guaranty Trust Bank. (Source: BusinessDay)
  4. FG to Launch $1.5 Billion Power Project: The Federal Government has announced plans to launch a $1.5 billion power project aimed at increasing electricity generation in the country. The project is expected to be completed in 2025. (Source: Leadership)
  5. Nigeria's Inflation Rate Rises to 17.1%: The NBS has announced that Nigeria's inflation rate rose to 17.1% in May 2023, driven by increases in prices of food and non-food items. (Source: Punch)
  6. MTN Nigeria to List on NSE: MTN Nigeria, a subsidiary of South African telecoms company MTN Group, has announced plans to list on the NSE. The listing is expected to raise $500 million for the company. (Source: The Nation)
  7. Nigerian Banks to Implement New Cashless Policy: The Central Bank of Nigeria (CBN) has announced plans to implement a new cashless policy aimed at reducing the use of cash in transactions. The policy is expected to come into effect in July 2023. (Source: BusinessDay)
  8. FG to Establish $1 Billion Automotive Industry: The Federal Government has announced plans to establish a $1 billion automotive industry in the country. The industry is expected to create thousands of jobs and increase the country's automotive production capacity. (Source: Leadership)
  9. Nigeria's GDP to Grow by 3.2% in 2023: The International Monetary Fund (IMF) has projected that Nigeria's GDP will grow by 3.2% in 2023, driven by growth in the agriculture and services sectors. (Source: Vanguard)
  10. Nigerian Fintech Companies to Receive $100 Million Investment: A group of Nigerian fintech companies has announced plans to receive a $100 million investment from a consortium of investors. The investment is expected to support the growth of the fintech industry in Nigeria. (Source: Techpoint)

These are just a few of the current business news in Nigeria.