Stanbic IBTC takes Nigeria Business Summit on the road to bring SME support beyond Lagos
Stanbic IBTC Bank has launched a nationwide regional tour of its Nigeria Business Summit, extending the initiative beyond Lagos to bring practical SME support,... Read more.
Manufacturing credit falls N1.92 tn as banks turn away from Nigeria’s productive sector
Bank credit to Nigeria’s manufacturing sector declined by N1.92 trillion in 2025, dropping from N8.53 trillion in December 2024 to N6.61 trillion by December... Read more.
CBN revokes 46 microfinance bank licences as regulatory crackdown deepens
The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country with effect from 1 July 2026, citing the failure... Read more.
1,000 export containers trapped at Apapa Port as vessel shortage exposes Nigerian exporters
Approximately 1,000 export containers remain stranded at APM Terminals Apapa in Lagos, unable to sail after a combination of vessel shortages, surging export volumes,... Read more.
Nigeria’s tax reform architect Oyedele takes fiscal policy from design to delivery
Taiwo Oyedele, the technocrat who spent nearly three years designing Nigeria’s most ambitious tax reform programme in decades, has taken full charge of the... Read more.
81% of Nigerian SMEs are optimistic about growth, but 69% cannot access the credit they need
A new multi-market study by Mastercard has found that Nigerian small businesses are more optimistic about their prospects than the broader operating environment... Read more.
Nigerian SMEs spend 40% of profits on electricity as N48 trillion credit gap widens
Nigeria’s micro, small, and medium enterprises are facing one of the most difficult operating environments in recent years, with a new report published today... Read more.
ProvidusUnity Bank begins operations, creating a stronger platform for SME and retail banking
Providus Bank and Unity Bank have completed their merger and officially commenced operations as a single unified institution under the name ProvidusUnity Bank, following... Read more.
CPPE warns textile import ban could destroy 10 million jobs as manufacturers demand protection
The Centre for the Promotion of Private Enterprise has raised a sharp warning over proposed textile import restrictions, cautioning that a blanket ban on fabric... Read more.
NRS e-invoicing deadline hits today as Nigerian businesses race to comply
Today, 1 July 2026, marks a defining moment in Nigeria’s tax administration history as the Nigeria Revenue Service commences the mandatory go-live of its electronic... Read more.
