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Most Nigerian small and medium-sized enterprises now use digital payments, but only 29 per cent use a platform that connects those payments with the rest of their business operations, according…
Small businesses in Nigeria are increasingly operating outside the formal banking system because interest rates of 32 to 40 per cent, heavy collateral demands and strict conditions put bank loans out of reach, operators say. Gertrude Akhimien, Lagos chairman of…
Smartphones have become central to how Nigerians live, work, and earn. What began as a communication tool has evolved into a key part of daily survival and income generation. Across…
The Bank of Industry says it is looking for cheaper sources of funding as it sits on more than N2 trillion in loan applications waiting to be financed. Managing Director…
