Business

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

Again, CBN raises import duty to N1,515/$ as reps kick

In less than one week, the Central Bank of Nigeria (CBN) has raised the exchange rate for imports by 3.18 per cent, rising from N1,481.5 per dollar to

Prices of bread, cereals push Inflation to 29.90%

Despite the traditional slow spending associated with the month of January, Nigeria Headline Inflation rose to 29.90 percent. A report by the National

Small businesses battle shutdown as inflation bites harder

Abubakar Adamu, a fruit seller in Abuja, has not sent even a dime to his family in Jigawa State in the last three weeks. Adamu lamented how inflation

Glo subscribers to get cash prizes in new promo

Globacom Nigeria has launched a new season of its recharge-based loyalty programme, “Glo rewards-cashtoken.” The telecom operator said all its prepaid

NSIA announces $220,000 innovation price for start-ups

The Nigeria Sovereign Investment Authority (NSIA) has announced the second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize v