…investment market has provided more than ₦1.1 trillion in financing to over 700,000 SMEs, showing growing investor confidence A recent study found that about $2.7 billion was invested in sectors including fintech, agriculture, healthcare and renewable energy in seven years While local financing is expanding through ins…

…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…

…attract investment and expand exports. She said that Small and Medium Enterprises (SMEs), women-led businesses and non-oil exporters would benefit significantly from improved regional market access. She noted that Nigeria had inaugurated the Nigeria-Uganda Air Cargo Corridor with Uganda Airlines to improve exports to E…

…$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…

…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 entrepreneurs…

…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…

…des utilisateurs. L’approche du Sénégal avec Catalyst DER/FJ est explicite sur les mécanismes : utiliser le capital public pour attirer les investisseurs privés, générer un effet de levier, et renforcer la compétitivité de l’écosystème startup domestique. Pour les lecteurs de cette newsletter, l’histoire la plus intére…

…expanding last-mile access and enabling financial inclusion for micro-businesses and SMEs," GTCO said in its annual report. The group did not disclose how many PoS terminals HabariPay currently operates. However, GTCO's PoS terminals processed 41.4 million in 2025, while the value of those transactions jumped 168.34% t…

…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 for micro,…

…the second close include the International Finance Corporation (IFC), Financing for Agri-SMEs in Africa (FASA), Shell Foundation, Trafigura Foundation, Speedinvest, Blink Impact, and Women Entrepreneurs Finance Initiative (We-Fi), which would support the fund’s efforts to expand its pipeline of women-led startups. They…

…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.

…increasing investments in Nigeria’s small and medium-scale enterprise sector, describing SMEs as the engine of economic growth. He referenced the recently concluded Lagos Investment Summit, which attracted local and foreign investors, and reaffirmed the state’s commitment to translating investment pledges into measurab…

…practical digital commerce training, training materials, and facilitator guides to SMEs nationwide. The programme is specifically designed to reach SMEs in remote and underserved communities that have historically had limited access to formal digital skills training. The partnership positions TikTok as a direct collabo…

…in the AI economy and those excluded from it. Small and Medium-sized Enterprises (SMEs), which drive the majority of employment, could struggle to remain competitive as productivity expectations evolve. The greatest AI risk facing Africa may therefore not be automation itself, but uneven capability distribution. At sca…

…benefit from the digital economy. We also need to support small and medium enterprises (SMEs). That’s an area we’ve focused on, helping around 35,000 small and medium-sized businesses grow and scale. Those businesses are a key part of the ecosystem. When it comes to AI specifically, compute power is essential. You need…

…its first operation in 1978, supporting projects in areas such as sustainable transport, SMEs and midcap financing, energy, innovation, new technologies and agriculture. What you should know Last year, the Lagos State Government launched the €410 million Omi Eko Project, a major public inland waterways transportation i…