Business

All the recent business news in Nigeria, economy and industry updates.

How gas, fuel, bread prices raised inflation to 17.71% in May

The Nigeria’s Consumer Price Index (CPI) increased to 17.71 per cent in May due to a hike in prices of gas, fuel, bread and cereal, said the National

Nigeria’s crude oil production drops in May – OPEC report

The Organisation of the Petroleum Exporting Countries (OPEC), has released a fresh report on crude oil production of its member countries, indicating

Google announces new initiatives to support African SMEs

Google on Wednesday announced new initiatives to support small retail businesses and offered 1,000 scholarships to business owners in Africa. Juliet E

Nigeria loses $1.7bn court case against JP Morgan

Nigeria has lost a $1.7 billion London court case against JP Morgan Chase & Co for the bank’s role in the transfer of millions of dollars to a for

Investment into African startup to hit 10bn in 3 years

A research by a blockchain-based mobile network operator, World Mobile shows, has concluded that investment into tech startups in Africa would double