Economy news in nigeria on staurday

Here are some economy news in Nigeria for Saturday:

Headlines:

  1. Nigeria's Inflation Rate Rises to 12.4% in January: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate rose to 12.4% in January, up from 11.98% in December 2022. (Source: Vanguard)
  2. FG to Review 2023 Budget Amid Economic Challenges: The Federal Government has announced plans to review the 2023 budget in response to the current economic challenges facing the country. (Source: ThisDay)
  3. Nigeria's External Reserves Fall to $38.5 Billion: The Central Bank of Nigeria (CBN) has announced that the country's external reserves have fallen to $38.5 billion, down from $40.4 billion in December 2022. (Source: Punch)
  4. Nigerian Stock Market Loses N1.4 Trillion in January: The Nigerian Stock Exchange (NSE) has announced that the market lost N1.4 trillion in January, with the All-Share Index (ASI) declining by 2.3%. (Source: BusinessDay)
  5. FG to Implement New Tax Regime for Small Businesses: The Federal Government has announced plans to implement a new tax regime for small businesses in Nigeria, aimed at increasing revenue and promoting economic growth. (Source: Leadership)

Other News:

  1. Nigeria's GDP Growth Rate Slows to 3.1% in Q4 2022: The NBS has announced that Nigeria's GDP growth rate slowed to 3.1% in the fourth quarter of 2022, down from 3.7% in the third quarter. (Source: The Guardian)
  2. CBN to Introduce New Guidelines for Digital Payments: The CBN has announced plans to introduce new guidelines for digital payments in Nigeria, aimed at promoting financial inclusion and reducing cash transactions. (Source: Daily Trust)
  3. Nigeria's Trade Deficit Widens to $1.4 Billion in Q4 2022: The NBS has announced that Nigeria's trade deficit widened to $1.4 billion in the fourth quarter of 2022, up from $1.1 billion in the third quarter. (Source: Premium Times)