Afreximbank commits $75m to DBN to finance Nigerian SMEs and creative exporters
The African Export-Import Bank has committed a $75 million facility to the Development Bank of Nigeria to expand access to finance for small and medium-sized enterprises,... Read more.
Cascador, NiYA award N49m to young founders
The Federal Ministry of Youth Development, through the Nigerian Youth Academy, and entrepreneurship platform Cascador have awarded N49 million in non-dilutive grants... Read more.
Wema Bank awards N300m to 11 early-stage businesses at Hackaholics 7.0
Wema Bank has awarded N300 million to 11 Nigerian startups at the grand finale of the seventh edition of its Hackaholics innovation programme, held in Lagos on 6... Read more.
NAFDAC outlines 50% fee cut and assisted registration for small producers at SMEDAN summit
The National Agency for Food and Drug Administration and Control has set out measures to cut the cost and complexity of product registration for small businesses,... Read more.
Visa survey finds only 29% of Nigerian SMEs use integrated payment and business platforms
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... Read more.
SMEDAN puts N100m in grants on the table as GROW Nigerian conference opens Sunday
The Small and Medium Enterprises Development Agency of Nigeria opens its annual National MSME Conference this Sunday, 8 November, with a stated aim of creating 100... Read more.
BOI secures $50m IFC loan to widen long-term financing for Nigerian MSMEs
The Bank of Industry has signed a $50 million senior loan with the International Finance Corporation, a member of the World Bank Group, to expand long-term financing... Read more.
NRS says small businesses need no exemption certificate but must still file tax returns
The Nigeria Revenue Service has told small businesses that they no longer need a separate exemption certificate to claim tax relief, but must continue filing returns... Read more.
Government borrowing crowds out private credit as NESG puts lending at 13% of GDP
Credit to the Nigerian government grew by 63 per cent year-on-year to N39.4 trillion in September 2026, while private-sector credit grew by only 16 per cent to N83.9... Read more.
SMEs must tighten finances and go digital to benefit from reforms, says SME Mall chief
Nigerian small businesses will struggle to benefit from the country’s economic reforms unless they strengthen their financial management, adopt digital tools... Read more.
