Guardian business news nigeria
Here are some recent business news articles from The Guardian Nigeria:
Top Stories
- 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 services sector. (Source: The Guardian Nigeria, June 2023)
- FG to review tax laws to boost revenue: The Federal Government has announced plans to review Nigeria's tax laws to boost revenue and reduce tax evasion. (Source: The Guardian Nigeria, May 2023)
- Nigeria's inflation rate drops to 17.1% in May: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate dropped to 17.1% in May, driven by a decline in food prices. (Source: The Guardian Nigeria, June 2023)
Business News
- Dangote Cement to invest $1.5 billion in new plant: Dangote Cement has announced plans to invest $1.5 billion in a new cement plant in Nigeria, which will increase the company's production capacity by 30%. (Source: The Guardian Nigeria, May 2023)
- Nigerian banks to increase lending to SMEs: The Central Bank of Nigeria (CBN) has announced plans to increase lending to small and medium-sized enterprises (SMEs) in Nigeria, in a bid to boost economic growth. (Source: The Guardian Nigeria, June 2023)
- FG to establish new free trade zones: The Federal Government has announced plans to establish new free trade zones in Nigeria, which will attract foreign investment and boost economic growth. (Source: The Guardian Nigeria, May 2023)
Economy
- Nigeria's economy to grow by 3.2% in 2023: The International Monetary Fund (IMF) has predicted that Nigeria's economy will grow by 3.2% in 2023, driven by growth in the services sector. (Source: The Guardian Nigeria, June 2023)
- Nigeria's debt to GDP ratio drops to 22.8%: The National Bureau of Statistics (NBS) has announced that Nigeria's debt to GDP ratio has dropped to 22.8%, driven by a decline in government debt. (Source: The Guardian Nigeria, May 2023)
- FG to increase spending on infrastructure: The Federal Government has announced plans to increase spending on infrastructure in Nigeria, in a bid to boost economic growth and reduce poverty. (Source: The Guardian Nigeria, June 2023)
Markets
- Nigerian stocks gain 1.1% as investors buy up undervalued stocks: The Nigerian Stock Exchange (NSE) has announced that the All-Share Index (ASI) gained 1.1% last week, driven by buying up of undervalued stocks. (Source: The Guardian Nigeria, June 2023)
- Naira appreciates against dollar: The Nigerian currency, the naira, has appreciated against the US dollar, driven by a decline in demand for foreign exchange. (Source: The Guardian Nigeria, May 2023)
- FG to establish new commodity exchange: The Federal Government has announced plans to establish a new commodity exchange in Nigeria, which will allow farmers and producers to sell their products directly to consumers. (Source: The Guardian Nigeria, June 2023)