Nigeria business news

Here are some recent 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, aimed at boosting 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 has announced a $100 million investment in Nigeria's agricultural sector, aimed at improving food security and reducing poverty. (Source: Leadership)

Business

• The Nigerian Stock Exchange (NSE) has launched a new index, the NSE All-Share Index, which tracks the performance of the top 30 companies listed on the exchange. (Source: BusinessDay)
• The CBN has licensed 10 new banks in Nigeria, bringing the total number of licensed banks in the country to 24. (Source: The Guardian)

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 $1.2 billion loan to the Nigerian Electricity Regulatory Commission (NERC) to improve the country's power sector. (Source: Daily Trust)

Technology

• The Nigerian government has launched a new digital payment system, the National Electronic Fund Transfer (NEFT), aimed at reducing the cost of transactions and increasing financial inclusion. (Source: ITWeb)
• The CBN has partnered with the International Finance Corporation (IFC) to launch a new fintech initiative, aimed at promoting financial inclusion and reducing poverty in Nigeria. (Source: BusinessDay)

Agriculture

• The Nigerian government has launched a new agricultural policy, aimed at increasing food production and reducing poverty in the country. (Source: Vanguard)
• The CBN has approved a $100 million loan to the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) to support small-scale farmers in the country. (Source: Leadership)

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