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Here are the latest news updates from Nigeria:

Breaking News

  1. Nigeria's Inflation Rate Rises to 17.71%: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate has risen to 17.71% in June 2022, the highest in over 17 years.
  2. Fuel Scarcity Hits Lagos, Abuja, and Other Cities: Long queues have been reported at fuel stations in major cities across Nigeria, including Lagos and Abuja, as the country grapples with a shortage of petroleum products.
  3. Nigeria's Economy Grows by 3.11% in Q2 2022: The NBS has announced that Nigeria's economy grew by 3.11% in the second quarter of 2022, driven by growth in the agriculture and services sectors.

Top Stories

  1. Buhari Signs Executive Order to Boost Local Content: President Muhammadu Buhari has signed an executive order aimed at promoting local content in the country's economy, including the use of Nigerian-made goods and services.
  2. Nigeria's Power Sector Records 4,000MW Generation: The Transmission Company of Nigeria (TCN) has announced that the country's power sector has recorded a generation of 4,000 megawatts (MW) for the first time in over a decade.
  3. Nigerian Army Launches Operation to Flush Out Bandits in Zamfara: The Nigerian Army has launched a military operation in Zamfara State to flush out bandits and kidnappers who have been terrorizing the region.

Sports

  1. Super Eagles Qualify for 2023 AFCON: Nigeria's national football team, the Super Eagles, has qualified for the 2023 Africa Cup of Nations (AFCON) after defeating Sierra Leone 2-0 in a qualifying match.
  2. D'Tigress Qualify for 2024 Olympics: Nigeria's women's basketball team, D'Tigress, has qualified for the 2024 Olympics after defeating Mozambique 76-55 in a qualifying match.

Business

  1. Nigeria's Stock Market Rises by 1.14%: The Nigerian Stock Exchange (NSE) has announced that the country's stock market rose by 1.14% in the week ended July 22, driven by gains in the banking and consumer goods sectors.
  2. Nigeria's Inflation Rate to Affect Monetary Policy: The Central Bank of Nigeria (CBN) has warned that the rising inflation rate in the country may affect its monetary policy decisions, including interest rates and foreign exchange management.

These are the latest news updates from Nigeria. Stay informed and stay ahead!