Dangote refinery emerges as world’s largest jet fuel exporter, plans $10bn expansion
The Dangote Petroleum Refinery has emerged as the world’s largest single exporter of aviation fuel, according to data released by S&P Global, marking a... Read more.
Cooking gas prices surge as LPG supply crisis worsens across Nigeria
Nigerians are facing a fresh wave of increases in the cost of cooking gas as a deepening supply shortage pushes prices to uncomfortable levels across several major... Read more.
Banks channel N15.66trn to government in one year, squeezing private sector credit
Nigerian commercial banks increased their lending to the Federal Government by N15.66 trillion over the twelve months to April 2026, new data from the Central Bank... Read more.
CBN reports new SME credit surges to N199bn in April
The Central Bank of Nigeria has disclosed that new lending to small and medium-sized enterprises rose significantly in April 2026, with fresh SME credit climbing... Read more.
Lagos food prices spike in May as logistics costs squeeze market traders
Food prices across major Lagos markets have risen again in May 2026, reversing part of the relief recorded in April as transportation costs, seasonal supply shifts,... Read more.
Retail loans contract even as Nigeria’s consumer credit rises to N3.81trn
Retail lending in Nigeria declined in January 2026 despite a broader rise in consumer credit, raising fresh concerns about whether the growth in household borrowing... Read more.
14 million Nigerian SMEs use Meta platforms to drive $2bn in economic activity
New independent research has found that 14 million Nigerian small and medium-sized enterprises used Meta’s suite of applications, including Facebook, Instagram,... Read more.
Nigeria’s banks post strong growth as CBN reforms begin to reshape the financial system
Nigeria’s banking sector delivered robust financial performance in the most recent reporting period, with leading lenders posting significant growth in profits,... Read more.
Agege LGA, LSETF launch N1m SME loan scheme to lift businesses and reduce poverty
The Agege Local Government Area has partnered with the Lagos State Employment Trust Fund to launch a new loan scheme offering up to N1 million to small businesses... Read more.
Digital PayExpo 2026 to convene industry leaders as SME digitisation accelerates
Africa’s digital payments ecosystem will converge in Lagos on 17 and 18 June 2026 as Digital PayExpo returns to the Landmark Centre, Victoria Island, under... Read more.
