Tag: SMEs Nigeria

Business Growth Slows in Nigeria as Rising Costs and Power Crisis Hit Firms Hard

Business Damilola Bayonle -
Nigeria’s private sector recorded a slower pace of expansion in March 2026, as rising operational costs and persistent electricity...

BoI Recapitalisation Urgent as Businesses Face Credit Crunch, NECA Warns

Business Damilola Bayonle -
Nigeria’s organised private sector has intensified calls for urgent reforms in the country’s development finance architecture, warning that the...

Edun local capital mobilisation to drive Nigeria’s economic growth

Business Damilola Bayonle -
Nigeria’s economic strategy is shifting toward stronger domestic financing as the Federal Government intensifies efforts to unlock local capital...

Nigeria’s SMEs face N48tn financing gap despite stronger banks, report warns

Business Damilola Bayonle -
Nigeria’s small and medium-sized enterprises (SMEs), widely regarded as the backbone of the economy, are grappling with a massive...

NESG Highlights Industrialisation as Driver of Nigeria’s Growth

Business Damilola Bayonle -
The Nigerian Economic Summit Group (NESG) has underscored industrialisation as the cornerstone of Nigeria’s economic growth and long-term prosperity,...