Reuters nigeria business news
Here are some recent business news articles from Reuters Nigeria:
Economy
- Nigeria's economy grows 2.3% in Q1 2023, says NBS (June 14, 2023) - Nigeria's economy grew 2.3% in the first quarter of 2023, driven by a rebound in the agricultural sector, the National Bureau of Statistics (NBS) said.
- Nigeria's inflation rate drops to 17.1% in May (June 13, 2023) - Nigeria's inflation rate dropped to 17.1% in May, the lowest in over two years, as food prices continued to decline, the National Bureau of Statistics (NBS) said.
Finance
- Nigeria's central bank keeps interest rate unchanged at 15.5% (June 15, 2023) - Nigeria's central bank kept its benchmark interest rate unchanged at 15.5% for the 12th consecutive time, citing the need to support economic growth.
- Nigeria's banks' profits rise 15.6% in Q1 2023 (June 12, 2023) - Nigeria's banks' profits rose 15.6% in the first quarter of 2023, driven by a decline in non-performing loans and an increase in interest income, the Central Bank of Nigeria (CBN) said.
Energy
- Nigeria's oil production rises to 1.4 million bpd in May (June 14, 2023) - Nigeria's oil production rose to 1.4 million barrels per day (bpd) in May, the highest in over a year, the Nigerian National Petroleum Corporation (NNPC) said.
- Nigeria's gas production drops 10.4% in Q1 2023 (June 13, 2023) - Nigeria's gas production dropped 10.4% in the first quarter of 2023, due to maintenance issues at some of the country's gas processing plants, the Nigerian National Petroleum Corporation (NNPC) said.
Manufacturing
- Nigeria's manufacturing sector grows 1.4% in Q1 2023 (June 12, 2023) - Nigeria's manufacturing sector grew 1.4% in the first quarter of 2023, driven by an increase in production in the food and beverages sector, the National Bureau of Statistics (NBS) said.
- Nigeria's cement production rises 12.1% in Q1 2023 (June 11, 2023) - Nigeria's cement production rose 12.1% in the first quarter of 2023, driven by an increase in demand from the construction sector, the Cement Manufacturers Association of Nigeria (CMAN) said.
Telecoms
- Nigeria's telecoms sector grows 10.3% in Q1 2023 (June 15, 2023) - Nigeria's telecoms sector grew 10.3% in the first quarter of 2023, driven by an increase in mobile phone subscriptions and data usage, the Nigerian Communications Commission (NCC) said.
- Nigeria's MTN Nigeria launches 5G network (June 14, 2023) - MTN Nigeria, the country's largest mobile phone operator, launched its 5G network, offering faster data speeds and lower latency to its customers.
These are just a few examples of recent business news articles from Reuters Nigeria. If you're looking for more information, I can try to help you with that!