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.
234Finance launches SME bootcamp with $2 m funding pool for African entrepreneurs
African business advisory and investment platform 234Finance has launched the 234Finance SME Bootcamp 2026, a Pan-African business support programme targeting... Read more.
CBN says SME lending is increasing but structural barriers remain
Nigeria’s banking sector has entered a new phase of financial capacity following the completion of its sweeping recapitalisation programme, with the Central... Read more.
S&P upgrades Nigeria’s credit rating for first time in 14 years
S&P Global Ratings has raised Nigeria’s long-term sovereign credit rating from B- to B, maintaining a Stable Outlook, in a move that marks the country’s... Read more.
