Latest nigerian business news
Here are some of the latest Nigerian business news:
- 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)
- 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)
- Nigeria's Inflation Rate Rises to 17.71% in May: The NBS has announced that Nigeria's inflation rate rose to 17.71% in May, driven by increases in prices of food and non-food items. (Source: Punch)
- MTN Nigeria to List on Nigerian Stock Exchange: MTN Nigeria, a subsidiary of South African telecoms company MTN Group, has announced plans to list on the Nigerian Stock Exchange (NSE). The listing is expected to raise $500 million for the company. (Source: BusinessDay)
- 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)
- Fidelity Bank to Acquire 100% Stake in Proact Consult: Fidelity Bank has announced plans to acquire a 100% stake in Proact Consult, a Nigerian financial services company. The acquisition is expected to strengthen Fidelity Bank's presence in the Nigerian financial services sector. (Source: The Guardian)
- 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: Daily Trust)
- Union Bank to Launch Digital Banking Platform: Union Bank has announced plans to launch a digital banking platform, which will allow customers to carry out transactions online and on mobile devices. The platform is expected to increase the bank's customer base and reduce costs. (Source: BusinessDay)
- Nigeria's Manufacturing Sector Grows by 1.3% in Q1 2023: The NBS has announced that Nigeria's manufacturing sector grew by 1.3% in the first quarter of 2023, driven by growth in the production of food and beverages. (Source: Vanguard)
- Airtel Nigeria to Launch 5G Network: Airtel Nigeria has announced plans to launch a 5G network in the country, which will offer faster data speeds and lower latency. The launch is expected to improve the country's telecommunications infrastructure. (Source: The Punch)
These are just a few of the latest Nigerian business news.