Nigerian MSMEs losing up to N10 trillion annually to employee fraud
Nigeria’s micro, small and medium enterprises are reportedly losing between N5 trillion and N10 trillion every year to internal fraud and weak governance, according... Read more.
FG earmarks N11.76bn to strengthen MSME growth in 2026
The Federal Government has allocated N11.76 billion in the 2026 capital budget to support the growth and formalisation of micro, small and medium enterprises across... Read more.
FX market spread tightens as banks prepare dollar supply to BDCs
Nigeria’s foreign exchange market recorded a noticeable narrowing of the gap between the official window and the parallel market following renewed expectations... Read more.
Capital inflows reach $21bn as Nigeria strengthens trade execution framework
Nigeria recorded about $21 billion in capital inflows within the first ten months of 2025, reflecting renewed foreign engagement across multiple sectors. The increase... Read more.
NDIC expands deposit insurance coverage to strengthen financial system stability
The Nigeria Deposit Insurance Corporation (NDIC) has announced an expansion of deposit insurance coverage to safeguard a larger portion of bank customers across... Read more.
CBN intensifies warning against naira mutilation amid monetary discipline campaign
The Central Bank of Nigeria (CBN) has renewed warnings against mutilation, defacing, and improper handling of naira notes, stressing that maintaining currency... Read more.
Bank of Industry disburses N636 bn to 7,000 businesses, supports 1.6 million jobs
The Bank of Industry (BOI) has disclosed that it disbursed N636 billion to approximately 7,000 Nigerian businesses in 2025, reinforcing its position as one of the... Read more.
Customs unveils Lagos Free Zone green channel to reduce trade costs
The Nigeria Customs Service has introduced a green channel system at the Lagos Free Zone, a reform aimed at accelerating cargo clearance and lowering transaction... Read more.
Report outlines reforms to strengthen small-scale enterprises in nigeria
A new business report has highlighted structural reforms required to strengthen small-scale enterprises in Nigeria, emphasising finance access, digital integration... Read more.
MoMo PSB, SMEDAN partnership targets digital transformation of Nigerian SMEs
MoMo Payment Service Bank has partnered with the Small and Medium Enterprises Development Agency of Nigeria to expand digital financial access for SMEs across the... Read more.
