FG maps 500,000 MSMEs to drive industrial growth, competitiveness
…Disburses over N600bn through BoI to support business By Yinka Kolawole The Federal Government has captured more than 500,000 Micro, Small and Medium Enterprises (MSMEs) in a national database as part of efforts to strengthen industrial development, improve policy planning and enhance Nigeria’s competitiveness in regional and global trade. This is even as over N600 billion has […]
Blue economy: FG calls for state, private sector collaboration
By Providence Ayanfeoluwa The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has called for synergy between the Federal and state governments, private sector and development partners to accelerate the implementation of Nigeria’s National Policy on Marine and Blue Economy, describing sub-national participation as critical to unlocking the sector’s vast economic potential. Oyetola said […]
Stock market sustains loss position as profit-taking wipes out N1.8trn
•Adonri projects monetary tightening in H2’26 By Peter Egwuatu The Nigerian stock market closed lower again last week, making it the third consecutive week decline, pressured by profit-taking in blue-chip stocks. However, the latest loss amounting to 1.8 trillion indicates that the negative position is moderating. Three weeks ago the market took a major hit at […]
Stockbrokers clarify FTSE Russell’s concerns on Nigeria’s T+1 settlement cycle
By Peter Egwuatu The Chartered Institute of Stockbrokers (CIS) has described FTSE Russell’s decision to defer Nigeria’s planned reclassification to Frontier Market status as a temporary review process rather than a reversal of the country’s capital market reforms, stressing that Nigeria’s newly adopted T+1 settlement cycle remains a landmark achievement capable of strengthening investor confidence and […]
Nigeria’s challenge is low revenue, not high debt – World Bank
The World Bank has said Nigeria’s biggest fiscal challenge is weak revenue mobilisation rather than excessive borrowing, urging the government to prioritise efforts to boost revenue generation to support sustainable economic growth. Speaking during an interview on Channels Television on Friday, the World Bank Country Director for Nigeria, Mathew Verghis, said Nigeria’s debt profile remains […]
INNOVATIONS: Enactus, NSE, NCDMB, others partner
By Ebunoluwa Sessou, Cynthia Alo & Precious Enaike In a bid to accelerate the commercialisation of homegrown engineering solutions capable of addressing Nigeria’s development challenges, Enactus Nigeria, has established a partnership with several organizations and stakeholders to nurture young engineering talents to transform innovative ideas into practical solutions for national development through the Nigerian Engineering Olympiad […]
