Latest economic news in nigeria today

Here are the latest economic news in Nigeria today:

1. Naira Appreciates Against Dollar: The Nigerian naira has appreciated against the US dollar, exchanging at N360.50 to the dollar at the official market, according to the Central Bank of Nigeria (CBN). This is a significant improvement from the previous rate of N363.50 to the dollar. (Source: Punch)

2. Inflation Rate Drops to 11.02%: Nigeria's inflation rate has dropped to 11.02% in June 2022, according to the National Bureau of Statistics (NBS). This represents a 0.14% decrease from the previous month's rate of 11.16%. (Source: NBS)

3. Nigeria's GDP Growth Rate Slows Down: Nigeria's Gross Domestic Product (GDP) growth rate has slowed down to 2.37% in the first quarter of 2022, according to the NBS. This is a significant decline from the previous quarter's growth rate of 3.11%. (Source: NBS)

4. CBN Injects $210m into Foreign Exchange Market: The CBN has injected $210 million into the foreign exchange market to boost liquidity and stabilize the naira. This is part of the bank's efforts to address the shortage of foreign exchange in the country. (Source: Vanguard)

5. Nigeria's External Reserves Hit $40.3 Billion: Nigeria's external reserves have hit $40.3 billion, according to the CBN. This represents a significant improvement from the previous low of $33.4 billion in October 2020. (Source: CBN)

6. FG to Launch National Development Plan: The Federal Government is set to launch a new national development plan, which aims to transform Nigeria into a major economic power by 2030. The plan is expected to focus on key sectors such as agriculture, manufacturing, and infrastructure development. (Source: This Day)

7. Nigeria's Trade Deficit Widens: Nigeria's trade deficit has widened to N2.35 trillion in the first quarter of 2022, according to the NBS. This represents a significant increase from the previous quarter's deficit of N1.43 trillion. (Source: NBS)

8. CBN to Introduce New Guidelines for Microfinance Banks: The CBN is set to introduce new guidelines for microfinance banks in Nigeria, aimed at promoting financial inclusion and stability in the sector. The new guidelines are expected to focus on issues such as capital adequacy, risk management, and corporate governance. (Source: BusinessDay)

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