Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
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, […]
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 […]
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 […]
