Latest business news in nigeria today

Here are the latest business news in Nigeria today:

  1. Nigeria's Inflation Rate Rises to 12.4%: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate rose to 12.4% in June 2022, up from 12.2% in May. This is the highest inflation rate in over two years. (Source: NBS)
  2. FG to Review Tax Laws to Boost Revenue: The Federal Government has announced plans to review Nigeria's tax laws to increase revenue and reduce tax evasion. The review is expected to be completed by the end of 2022. (Source: Punch)
  3. Nigerian Stock Exchange (NSE) Index Falls 0.45%: The NSE All-Share Index fell by 0.45% to close at 43,114.34 points on Tuesday, due to profit-taking in some blue-chip stocks. (Source: NSE)
  4. 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 is expected to increase the company's production capacity by 3 million metric tons. (Source: ThisDay)
  5. Nigeria's GDP Growth Rate Slows to 3.1%: The NBS has announced that Nigeria's GDP growth rate slowed to 3.1% in the first quarter of 2022, down from 3.2% in the fourth quarter of 2021. (Source: NBS)
  6. FG to Launch Digital Currency: The Central Bank of Nigeria (CBN) has announced plans to launch a digital currency, known as the eNaira, which is expected to improve financial inclusion and reduce cash transactions. (Source: CBN)
  7. Nigerian Banks to Implement New ATM Withdrawal Limit: The CBN has announced that Nigerian banks will implement a new ATM withdrawal limit of N20,000 per day, effective July 1, 2022. (Source: CBN)
  8. FG to Review Power Sector Privatization: The Federal Government has announced plans to review the power sector privatization program, which was implemented in 2013. The review is expected to address issues such as high electricity tariffs and poor power supply. (Source: Punch)
  9. Nigeria's Exports Rise to $4.4 Billion: The NBS has announced that Nigeria's exports rose to $4.4 billion in the first quarter of 2022, up from $3.4 billion in the same period last year. (Source: NBS)
  10. FG to Establish New Free Trade Zones: The Federal Government has announced plans to establish new free trade zones in Nigeria, which are expected to attract foreign investment and create jobs. (Source: ThisDay)

These are some of the latest business news in Nigeria today.