Financial news in nigeria today

Here are some of the top financial news stories in Nigeria today:

Stock Market:

• The Nigerian Stock Exchange (NSE) All-Share Index closed 0.12% higher at 29,511.34 points, driven by gains in stocks like Dangote Cement, Nestle Nigeria, and Guaranty Trust Bank.
• Market capitalization rose by N14.4 billion to N13.4 trillion.

Economy:

• The National Bureau of Statistics (NBS) has released the Consumer Price Index (CPI) for January 2023, which shows that inflation rate rose to 15.6% from 15.1% in December 2022.
• The NBS also reported that the country's Gross Domestic Product (GDP) grew by 3.98% in the fourth quarter of 2022, driven by growth in the services sector.

Banks:

• Zenith Bank has announced a profit after tax of N246.8 billion for the year ended December 31, 2022, representing a 10.4% increase from the previous year.
• First Bank of Nigeria has launched a new digital banking platform, FirstBank Digital, which allows customers to perform various banking transactions online.

Oil and Gas:

• The Nigerian National Petroleum Corporation (NNPC) has announced that the country's crude oil production averaged 1.43 million barrels per day (mb/d) in January 2023, up from 1.36 mb/d in December 2022.
• The NNPC has also announced plans to increase its domestic gas supply to power plants and industries, in a bid to reduce the country's reliance on imported gas.

Currency:

• The naira appreciated against the US dollar at the official market, closing at N415.25 per dollar, up from N416.25 per dollar the previous day.
• The parallel market rate, however, remained stable at N560 per dollar.

Other News:

• The Federal Government has announced plans to establish a new development bank, the Nigeria Development Bank, to provide financing for small and medium-sized enterprises (SMEs).
• The Central Bank of Nigeria (CBN) has also announced plans to introduce a new digital currency, the eNaira, which will be launched in the second quarter of 2023.

These are some of the top financial news stories in Nigeria today. Please note that the news is subject to change and may not be up to date.