Current nigerian business news

Here are some current Nigerian business news:

  1. Nigeria's Economy Grows by 2.27% in Q1 2023: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.27% 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. Nigeria's Inflation Rate Rises to 17.71% in April: The NBS has announced that Nigeria's inflation rate rose to 17.71% in April, driven by increases in prices of food and non-food items. (Source: Punch)
  4. FG to Launch Digital Currency, eNaira: The Central Bank of Nigeria (CBN) has announced plans to launch a digital currency, eNaira, to promote financial inclusion and reduce cash transactions. (Source: The Guardian)
  5. Nigeria's Stock Market Rises by 1.14%: The Nigerian Stock Exchange (NSE) has announced that the All-Share Index rose by 1.14% in the week ended May 20, driven by gains in stocks such as Dangote Cement and Zenith Bank. (Source: BusinessDay)
  6. FG to Invest $1.5 Billion in Power Sector: The Federal Government has announced plans to invest $1.5 billion in the power sector to increase electricity generation and distribution in the country. (Source: Leadership)
  7. Nigeria's GDP to Grow by 2.5% in 2023: The International Monetary Fund (IMF) has projected that Nigeria's GDP will grow by 2.5% in 2023, driven by growth in the agriculture and services sectors. (Source: The Nation)
  8. FG to Launch National Development Plan: The Federal Government has announced plans to launch a new national development plan, which will focus on promoting economic growth, reducing poverty, and improving infrastructure. (Source: Daily Trust)
  9. Nigeria's Trade Deficit Widens to $1.4 Billion: The NBS has announced that Nigeria's trade deficit widened to $1.4 billion in the first quarter of 2023, driven by a decline in exports and an increase in imports. (Source: The Punch)
  10. FG to Establish Special Economic Zones: The Federal Government has announced plans to establish special economic zones to promote industrialization and economic growth in the country. (Source: The Guardian)

These are just a few of the current Nigerian business news.