Nairametrics news
Nairametrics is a popular Nigerian financial news website that provides up-to-date information on the Nigerian economy, business, and finance. Here are some recent news updates from Nairametrics:
Economy
- Nigeria's economy grows by 2.27% in Q1 2023: The National Bureau of Statistics (NBS) has released the Q1 2023 GDP report, showing that Nigeria's economy grew by 2.27% year-on-year.
- Inflation rate drops to 17.1% in May 2023: The NBS has announced that Nigeria's inflation rate dropped to 17.1% in May 2023, from 17.2% in April 2023.
Business
- Dangote Cement to invest $1.5 billion in new cement plant: Dangote Cement has announced plans to invest $1.5 billion in a new cement plant in Nigeria.
- MTN Nigeria to list on NSE by end of 2023: MTN Nigeria has announced plans to list its shares on the Nigerian Stock Exchange (NSE) by the end of 2023.
Finance
- CBN injects $210 million into foreign exchange market: The Central Bank of Nigeria (CBN) has injected $210 million into the foreign exchange market to boost liquidity.
- Nigerian banks' non-performing loans rise to N3.4 trillion: The NBS has announced that Nigerian banks' non-performing loans (NPLs) rose to N3.4 trillion in Q1 2023.
Stock Market
- NSE ASI rises by 0.45% as market capitalization hits N27.4 trillion: The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 0.45% to close at 43,444.42 points, while market capitalization hit N27.4 trillion.
- Dangote Cement leads gainers as market indices rise: Dangote Cement led the gainers' table on the NSE, rising by 10.1% to close at N245 per share.
These are just a few of the recent news updates from Nairametrics. You can visit their website for more information on the Nigerian economy, business, and finance.