Latest nigeria business news
Here are some of the latest business news from 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 per annum. (Source: ThisDay)
3. MTN Nigeria to List on Nigerian Stock Exchange: MTN Nigeria, the country's largest telecommunications company, has announced plans to list on the Nigerian Stock Exchange (NSE) in the coming months. The listing is expected to raise $500 million for the company. (Source: Punch)
4. Nigeria's Inflation Rate Rises to 17.71% in April: The NBS has announced that Nigeria's inflation rate rose to 17.71% in April, driven by increases in prices of food and non-food items. (Source: Premium Times)
5. Stanbic IBTC to Launch New Digital Banking Platform: Stanbic IBTC, a leading financial institution in Nigeria, has announced plans to launch a new digital banking platform that will allow customers to carry out transactions online. (Source: BusinessDay)
6. Nigeria's Oil Production Rises to 1.4 Million Barrels per Day: The Nigerian National Petroleum Corporation (NNPC) has announced that Nigeria's oil production has risen to 1.4 million barrels per day, driven by increased production from the country's oil fields. (Source: Leadership)
7. Airtel Nigeria to Launch 5G Network: Airtel Nigeria, a leading telecommunications company in the country, has announced plans to launch a 5G network in the coming months. The network is expected to offer faster data speeds and improved connectivity. (Source: The Guardian)
8. Nigeria's GDP Growth Rate to Reach 3.2% in 2023: The International Monetary Fund (IMF) has predicted that Nigeria's GDP growth rate will reach 3.2% in 2023, driven by growth in the agriculture and services sectors. (Source: Nairametrics)
9. Union Bank to Launch New Mobile Banking App: Union Bank, a leading financial institution in Nigeria, has announced plans to launch a new mobile banking app that will allow customers to carry out transactions online. (Source: BusinessDay)
10. Nigeria's Foreign Reserves Rise to $44.3 Billion: The Central Bank of Nigeria (CBN) has announced that Nigeria's foreign reserves have risen to $44.3 billion, driven by increased oil prices and foreign investment. (Source: Punch)
These are some of the latest business news from Nigeria. I hope you find them informative and useful.