…Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.The Rural Electrification Agency (REA) has commenced construction of 48 interconnected mini-grid projects in 19 states, a move aimed at expanding electricity access to underserved communities t…

…Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Nigeria's impact investment sector has recorded significant growth, with more than ₦1.1 trillion in financing reaching over 700,000 small and medium-sized enterprises (SMEs), highlighting incre…

…NASSI Director-General, Ifeanyi Oputa, warned that Micro, Small and Medium Enterprises, MSMEs, would be disproportionately affected by any increase in mandatory pension contributions. The OPSN urged the Federal Government and PenCom to focus on policies that promote macroeconomic stability, business sustainability and…

…Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Aliko Dangote has moved closer to taking his refinery business public after securing nearly $2.5 billion through a private share placement, paving the way for what could become Africa's biggest…

…Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Fresh shipments of Premium Motor Spirit (PMS), also known as petrol, Automotive Gas Oil (AGO), Liquefied Petroleum Gas (LPG), butane and aviation fuel arrived at major petroleum depots in Lagos…

…$50m global fund was established to bridge the digital financing gap facing women-led MSMEs by providing access to finance, business development support, digital skills and international market opportunities. The initiative aligns with the Federal Government’s Renewed Hope Agenda, which prioritises non-oil exports, eco…

…He observed that manufacturers, agriculture and micro, small and medium enterprises (MSMEs) remain constrained by the high-cost operating environment, resulting in only modest improvements in output, employment and household welfare during the first half of the year. According to him, while macroeconomic stabilisation…

…identified limited access to affordable finance as a major constraint affecting Nigerian MSMEs, particularly women-led enterprises. The World Bank and Visa Foundation said the long-term objective is to strengthen the ecosystems around small businesses by combining global expertise with local knowledge, enabling more en…

…approaches economic development, stating that Micro, Small and Medium Enterprises, MSMEs, institutions are "critical infrastructure for national economic transformation" and not just support programs. Popoola said the real work of inclusive prosperity happens at the sub-national level, through agencies built to support…

…portfolio. In December 2025, the World Bank approved the Fostering Inclusive Finance for MSMEs in Nigeria project comprising a $400m International Bank for Reconstruction and Development facility and a $100m International Development Association credit. The bank said the project is expected to expand access to finance…

…pipeline of mini-grid sites built to empower 290 micro, small, and medium enterprises (MSMEs) and serve 49,042 direct and indirect beneficiaries. The extensive pilot rollout spans diverse communities across the nation. For instance, in the Federal Capital Territory (FCT), a 200kW system in Damakusa, Kwali, powers grain…

…providers, business associations and micro, small and medium-sized enterprises (MSMEs) to take advantage of the corridor to expand the reach of Nigerian products across African markets, leveraging lower freight costs and improved connectivity to boost intra-African trade.