Nigeria business news update

Here are some recent business news updates 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, aimed at promoting local production and reducing importation. (Source: ThisDay)

Investments

• The Nigerian government has approved a $1.5 billion investment in the country's power sector by the African Development Bank (AfDB). (Source: Premium Times)
• The United States-based company, General Electric (GE), has announced plans to invest $1 billion in Nigeria's energy sector over the next five years. (Source: BusinessDay)

Agriculture

• The Nigerian government has launched a new agricultural policy aimed at increasing the country's food production and reducing importation. (Source: Leadership)
• The Central Bank of Nigeria (CBN) has introduced a new agricultural loan scheme aimed at supporting small-scale farmers in the country. (Source: The Nation)

Technology

• The Nigerian government has launched a new digital payment system aimed at promoting financial inclusion and reducing cash transactions. (Source: Punch)
• The telecommunications company, MTN Nigeria, has launched a new mobile money service aimed at promoting financial inclusion in the country. (Source: BusinessDay)

Energy

• The Nigerian government has launched a new energy policy aimed at increasing the country's power generation and reducing energy poverty. (Source: Vanguard)
• The Shell Petroleum Development Company of Nigeria (SPDC) has announced plans to invest $1.5 billion in the country's energy sector over the next five years. (Source: ThisDay)

Manufacturing

• The Nigerian government has launched a new manufacturing policy aimed at promoting local production and reducing importation. (Source: Leadership)
• The Dangote Group, one of Nigeria's largest conglomerates, has announced plans to invest $1 billion in the country's manufacturing sector over the next five years. (Source: BusinessDay)

Infrastructure

• The Nigerian government has launched a new infrastructure development plan aimed at improving the country's transportation and energy infrastructure. (Source: Punch)
• The China Civil Engineering Construction Corporation (CCECC) has announced plans to invest $1.5 billion in Nigeria's infrastructure development over the next five years. (Source: ThisDay)

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