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SMEDAN has launched a N500 million interest-free fund to support Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This initiative aims to boost small businesses and enhance economic growth.
The Federal Government is launching an initiative aimed at enhancing industrial development, trade, and investment by 2026. Minister Dr. Jumoke Oduwole emphasized the importance of this plan for economic diversification and boosting non-oil exports.
The Nigerian Economic Summit Group warns that export rerouting is harming Nigeria's trade competitiveness despite a reported trade surplus of N7.55 trillion. This situation is depriving the economy of significant domestic value.
Concerns have been raised about the credibility of Nigeria's $1 trillion economy projections. Critics argue that these optimistic forecasts may be misleading and not grounded in reality.
The Nigerian stock market has seen a continued profit-taking trend, resulting in a loss of over N2.4 trillion for investors. This follows a previous week where losses exceeded N5.6 trillion due to significant sell-offs.
The Malaysian Palm Oil Council is collaborating with Nigeria to address the country's palm oil supply shortage. They aim to provide technical expertise and investment opportunities to help close a one million metric-tonnes gap.
Experts emphasize the importance of macroeconomic stability for sustainable growth in Nigeria. They advocate for transforming economic reforms into collective wealth to benefit all citizens.
Nigeria's tax reforms are under scrutiny as the June 30 e-invoicing deadline approaches. Large companies are racing to comply with the new regulations, marking a significant test for the government's reform agenda.
Sesame exporters in Nigeria are worried that rising insecurity and potential flooding could negatively impact growth prospects for 2026. These challenges may hinder production in key sesame seed-producing regions.
Nigeria's foreign exchange market experienced a 22% increase in trading activity in June, according to a recent report. This surge was attributed to both spot and derivatives trading.
The banking sector's average maximum lending rate has decreased to 34.78% following a slight reduction in the Monetary Policy Rate by the Central Bank of Nigeria. This change may positively impact borrowing costs for consumers and businesses.
The Dangote Refinery is highlighted as a key player in boosting Africa's economic growth. The article emphasizes its potential impact on the continent's industrial landscape.
Ogun State traders receive briefing on new tax reforms, including exemptions for low-income earners and digital payment options, aiming to boost national g
The National Revenue Service and CITN collaborate to deepen tax awareness and education in Nigeria, promoting voluntary compliance and national growth afte
Prof. Uche Uwaleke has praised the Central Bank of Nigeria's proposed HoldCo reforms, calling them a significant overhaul of the country's financial conglomerates. These reforms are expected to enhance the structure and efficiency of Nigeria's financial sector.
The ECOWAS Bank for Investment and Development has committed $268 million to Taraba State for renewable energy, agriculture, and industrial development. This investment aims to boost the state's economic growth and infrastructure.
Odu’a Investment Company Limited aims for N1tn in assets by 2030 with its new growth strategy, reporting N23.58bn Profit Before Tax for 2025.
Nigeria is encouraging foreign investment as states regain economic authority, aiming to strengthen regional economies. Customs supports this subnational trade diplomacy, which could position Nigeria as a regional commerce hub.
The Delta State Government is promoting its improved ease of doing business to attract investors. Extensive reforms have been implemented to enhance the local economy.
Dr. Tony Bello highlights cassava as Nigeria's most crucial crop for ensuring food security. He emphasizes the country's position as the world's largest producer of cassava.
Nigeria's crude oil exports generated N20.22 trillion in the first five months of 2026, marking a 29.5% increase. This growth was driven by higher prices despite lower export volumes.
Nigeria’s growing debt profile, now over US$51.8bn, fuels underdevelopment and poverty. Discover how debt servicing cripples essential sectors like healthc
Seplat Energy Plc wins Energy Company of the Year and Dividend Paying Company of the Year at the Nairametrics Capital Market Awards 2026, solidifying its m
NICA is urging for credit reforms and enhanced funding to boost Nigeria's industrialization efforts. The organization emphasizes the need for better access to credit to stimulate economic growth.
South Korea has committed $12 million to support Nigeria's micro, small, and medium enterprises by establishing a Skills Acquisition Centre in Abuja. This initiative aims to enhance skills development and address unemployment in the country.
Nigeria's real estate market has reached a significant value of $2.60 trillion, with residential properties being the primary driver. This growth highlights the increasing demand and investment opportunities in the sector.
One year after landmark reforms, Nigeria’s National Revenue Service (NRS) reaffirms commitment to strengthening voluntary tax compliance through taxpayer e
The article discusses how the digital era has transformed the concept of wealth, influenced by technology and data-driven economies. It explores the implications of these changes on society and individual affluence.
Residents in Ogun State are experiencing better access to financial services due to eTranzact's expansion of PocketMoni. This initiative aims to enhance financial inclusion in the region.
Tantita's pipeline monitoring is helping to reduce the negative effects of falling oil prices on government revenue. Brent crude prices have dropped to $71.92 per barrel, but the company's efforts are providing some financial relief.