Latest business news in nigeria

Here are some of the latest business news in Nigeria:

  1. 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 agriculture and services sectors. (Source: Vanguard)
  2. Dangote Cement to Invest $1.5 Billion in New Plant: Dangote Cement, Nigeria's largest cement producer, has announced plans to invest $1.5 billion in a new cement plant in the country. The plant is expected to increase the company's production capacity by 3 million metric tons. (Source: ThisDay)
  3. Nigerian Stock Exchange (NSE) Index Rises by 1.14%: The NSE All-Share Index rose by 1.14% last week, driven by gains in stocks such as Dangote Cement, Nestle Nigeria, and Guaranty Trust Bank. (Source: BusinessDay)
  4. FG to Launch $1.5 Billion Power Project: The Federal Government has announced plans to launch a $1.5 billion power project aimed at increasing electricity generation in the country. The project is expected to be completed in 2025. (Source: Leadership)
  5. Nigeria's Inflation Rate Rises to 17.71%: The NBS has announced that Nigeria's inflation rate rose to 17.71% in April 2023, driven by increases in prices of food and non-food items. (Source: Punch)
  6. MTN Nigeria to List on NSE: MTN Nigeria, a subsidiary of South African telecoms company MTN Group, has announced plans to list on the NSE. The listing is expected to raise $500 million for the company. (Source: The Guardian)
  7. 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 the country. The CBN has set a target of 20% of banks' total lending to SMEs. (Source: BusinessDay)
  8. FG to Establish Special Economic Zones: The Federal Government has announced plans to establish special economic zones (SEZs) in the country to promote economic growth and development. The SEZs will be established in partnership with private sector companies. (Source: Leadership)
  9. Nigeria's Oil Production Rises to 1.4 Million Barrels per Day: Nigeria's oil production has risen to 1.4 million barrels per day, driven by increased production from the country's oil fields. (Source: Vanguard)
  10. FG to Launch $500 Million Infrastructure Development Project: The Federal Government has announced plans to launch a $500 million infrastructure development project aimed at improving the country's transportation and energy infrastructure. (Source: The Guardian)

These are some of the latest business news in Nigeria.