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SMEDAN unveils N500m zero-interest fund for MSMEs

By Yinka Kolawole The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled Grow Fund for Small Businesses in Nigeria, a N500 million zero-interest fund for Micro, Small and Medium Enterprises (MSMEs) in the country. SMEDAN Director-General, Charles Odii, announced the initiative, in Abuja, as part of activities to mark the 2026 World MSME […]

FG unveils 2026 push for industrial growth, trade, investment

The Federal Government is set to intensify efforts to drive industrial growth, expand trade, mobilise investment and boost non-oil exports in 2026 as part of its economic diversification agenda. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stated this at a management retreat for directors-general, directors and chief executives of agencies under the ministry. She […]

Export rerouting erodes Nigeria’s gains despite N7.55trn trade surplus — NESG

By Yinka Kolawole The Nigerian Economic Summit Group, NESG, has warned that export rerouting through neighbouring countries is undermining Nigeria’s trade competitiveness and depriving the economy of significant domestic value, despite the country’s impressive N7.55 trillion trade surplus recorded in the first quarter of 2026. The warning comes as data from the National Bureau of Statistics, NBS, […]

Illusions of $1trillion economy soon

By Dele Sobowale If it takes a whole minute to produce a fool in America, then Nigeria must be bringing them in at the rate of one a second. Nigerian politicians operate on the Barnum principle. Depending on who is dishing out the false dream, most Nigerians will believe anything. Trust politicians and their creative advisers. Every […]

Photos: Top ISWAP commanders surrender as military intensifies offensive

By Ndahi Marama, Maiduguri The Nigerian military has recorded another breakthrough in its counter-insurgency campaign in the North-East as a fresh group of top leaders of the Islamic State West Africa Province (ISWAP) surrendered to troops of the Joint Task Force (North East), Operation HADIN KAI (OPHK), following sustained military offensives. The development came as […]

Nigeria eyes local vet drug manufacturing

By Cynthia Alo Nigeria could soon begin producing veterinary hormonal drugs locally, as Chromedix Pharmaceuticals Limited has approached the Federal Ministry of Livestock Development (FMLD) with a proposal to build the country’s first manufacturing facility for such products. This comes five months after the ministry raised alarm over the persistent circulation of substandard and falsified veterinary drugs […]

NDE seeks Delta Govt partnership on job creation, resettles RHEI beneficiaries

….Calls for support to empower more trainees ….Phase III to begin in July with digital registration platform By Johnbosco Agbakwuru ABUJA — The Acting Director-General of the National Directorate of Employment (NDE), Mr. Edmund Onwuliri, has called on the Delta State Government to strengthen its partnership with the directorate to expand job creation and support […]

Stock market sustains profit taking, as investors lose N2.4trn

By Peter Egwuatu   The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines. The investors had lost over N5.6 trillion the previous week following massive selloff in high and mid capitalised stocks. Market analysts are of the view that the negative close reflects the market’s current […]

Financial solutions cooperative pays over N102m to 55 retirees, expands membership

By Olasunkanmi Akoni The President of Financial Solutions Multipurpose Cooperative Society Ltd., Mr. Jamiu Abatan, has disclosed that the cooperative disbursed over N102 million to 55 retired members between October 2024 and June 2026 as part of its commitment to members’ welfare. Abatan also called on governments at all levels to channel more humanitarian and […]

Malaysia seeks local partnership to fill Nigeria’s palm oil supply gap

By Cynthia Alo The Malaysian Palm Oil Council, MPOC, has pledged to support Nigeria with technical expertise, research collaboration and investment opportunities to help close the country’s estimated one million metric-tonnes palm oil supply gap. The council also announced the establishment of a representative office in Lagos as part of efforts to deepen engagement with stakeholders across […]

Ajadi, AROSAD celebrate newlyweds, urge couples to build homes on love, godliness

The Allied Peoples Movement (APM) senatorial candidate for Oyo Central, Ambassador Olufemi Ajadi Oguntoyinbo, has urged Nigerian couples to build their marriages on love, mutual respect, patience and the fear of God, describing the family as the bedrock of every peaceful and prosperous society. Ajadi made the call on Saturday while speaking with journalists after […]

Empowerment without production will only recycle poverty – ADC Guber candidate warns

By Ibrahim Hassan-Wuyo The Delta State governorship candidate of the African Democratic Congress (ADC), Dr. Emmanuel Usiwoghene Unuafe, has criticised what he described as Nigeria’s growing dependence on cash handouts and symbolic empowerment programmes, warning that sustainable economic development can only be achieved through production, industrialisation and job creation. In a policy reflection titled “Empowerment […]

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