Banks awash with excess cash amidst poverty
•As banking system liquidity surges 17% to N5.5trn By Elizabeth Adegbesan Amidst prevalent poverty in the country, Nigeria’s financial sector experienced a major injection of cash as the average net liquidity in the banking system surged to N5.53 trillion in May 2026. This represents a 17.16 per cent increase from the N4.72 trillion recorded previous […]
Inflation falls to 15.91% in October —NBS
The National Bureau of Statis- tics, NBS, yesterday announced that the Consumer Price Index (CPI) which measure Inflation rate declined to 15.91 per cent Year-on-Year, YoY in October, 2017.
African SMEs face $136bn financing gap annually—IFC
The International Finance Corporation, IFC, a member of the World Bank Group, has estimated that in Africa, small and medium enterprises, SMEs, face a financing gap of over $136 billion annually.
Competitive SME industry create wealth, vibrant economy
The Group Managing Director of Agile Communications, Rufai Ladipo, has said that healthy and competitive Small and Medium Enterprises, SMEs, will create wealthy and vibrant economy for Nigeria.
NEWN seminar targets 200 women entrepreneurs
Network of Enterprising Women, NEWN, says it is poised to adding value that will ensure sustainability of businesses of women entrepreneurs to contribute to the national economic growth, as it targets 200 entrepreneurs to participate in its 2017 seminar tagged, ‘Partnering and Collaborating for Business Excellence’.
SMEDAN, SAGE to train 5400 school children on entrepreneurship
The Small and Medium Enterprises Development Agency (SMEDAN) in collaboration with US- based Students for Advancement of Global Entrepreneurship (SAGE) is set to train a total number of 5400 school children from 108 schools across Nigeria under the National School Entrepreneurship Programme (N-SEP).
