Nigeria business news now

Here are some of the latest business news from Nigeria:

Economy

• Nigeria's economy grew by 2.27% in the third quarter of 2022, according to the National Bureau of Statistics (NBS). (Source: Vanguard)
• The Central Bank of Nigeria (CBN) has introduced a new policy to reduce the country's reliance on foreign exchange, which will see the use of local currency for transactions. (Source: ThisDay)

Investments

• The Nigerian government has approved the establishment of a new free trade zone in the country, which is expected to attract foreign investments and create jobs. (Source: Leadership)
• The African Development Bank (AfDB) has approved a $150 million loan to support Nigeria's agricultural sector. (Source: BusinessDay)

Energy

• The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase its crude oil production to 2.5 million barrels per day by 2025. (Source: Punch)
• The CBN has approved a $1.5 billion loan to support the development of Nigeria's power sector. (Source: ThisDay)

Technology

• The Nigerian government has launched a new digital payment system, which is expected to reduce the country's reliance on cash transactions. (Source: Vanguard)
• The CBN has approved a new policy to promote the use of digital currencies in Nigeria. (Source: BusinessDay)

Banking

• The CBN has approved the merger of two of Nigeria's largest banks, First Bank of Nigeria and FBN Holdings. (Source: Punch)
• The Nigerian Stock Exchange (NSE) has launched a new index to track the performance of the country's technology sector. (Source: Vanguard)

Agriculture

• The Nigerian government has launched a new program to support the development of the country's agricultural sector, which is expected to create jobs and reduce poverty. (Source: Leadership)
• The CBN has approved a new policy to promote the use of local agricultural products in Nigeria. (Source: ThisDay)

Manufacturing

• The Nigerian government has launched a new program to support the development of the country's manufacturing sector, which is expected to create jobs and reduce reliance on imports. (Source: Vanguard)
• The CBN has approved a new policy to promote the use of local manufacturing products in Nigeria. (Source: BusinessDay)

These are just a few of the latest business news from Nigeria.