Naira news com

Naira News is a popular online news platform that provides up-to-date information on the Nigerian economy, business, and finance. Here are some of the latest news and updates from Naira News:

Top Stories

  1. Naira Weakens Against Dollar: The Nigerian currency has continued to depreciate against the US dollar, with the exchange rate now standing at N415 to the dollar.
  2. CBN Introduces New Guidelines for FX Transactions: The Central Bank of Nigeria (CBN) has introduced new guidelines for foreign exchange transactions, aimed at curbing speculation and ensuring a more stable exchange rate.
  3. Inflation Rate Rises to 11.37%: The Consumer Price Index (CPI) has risen to 11.37% in June, driven by increases in food and housing costs.
  4. FG to Review Tax Laws: The Federal Government is planning to review the country's tax laws to increase revenue and reduce tax evasion.
  5. Nigeria's GDP Growth Slows to 2.03%: The country's Gross Domestic Product (GDP) growth rate has slowed to 2.03% in the first quarter of 2023, due to a decline in the agricultural sector.

Business News

  1. Dangote Cement to Invest $1.5bn in New Plant: Dangote Cement has announced plans to invest $1.5 billion in a new cement plant in Nigeria.
  2. MTN Nigeria to List on NSE: MTN Nigeria has received approval to list its shares on the Nigerian Stock Exchange (NSE).
  3. FG to Establish New Free Trade Zones: The Federal Government is planning to establish new free trade zones to boost economic growth and attract foreign investment.
  4. Nigerian Banks to Implement New ATM Withdrawal Limits: Nigerian banks have announced plans to implement new ATM withdrawal limits to reduce cash transactions and promote digital payments.
  5. FG to Review Power Sector Privatization: The Federal Government is planning to review the power sector privatization program to ensure a more efficient and reliable power supply.

Economy News

  1. Nigeria's External Reserves Fall to $43.2bn: Nigeria's external reserves have fallen to $43.2 billion, due to a decline in oil prices and a rise in imports.
  2. FG to Implement New Fiscal Policy: The Federal Government is planning to implement a new fiscal policy aimed at reducing the country's budget deficit and increasing revenue.
  3. Nigeria's Inflation Rate to Rise Further: The country's inflation rate is expected to rise further in the coming months, driven by increases in food and housing costs.
  4. FG to Review Public-Private Partnership Agreements: The Federal Government is planning to review public-private partnership agreements to ensure a more effective and efficient use of resources.
  5. Nigeria's GDP Growth to Slow Down: The country's GDP growth rate is expected to slow down in the coming years, due to a decline in the agricultural sector and a rise in inflation.

These are just some of the latest news and updates from Naira News. For more information, please visit their website at www.naira.news.