Cardoso: Nigeria attracts $20.98bn foreign capital inflow in 10months, •To unveil revised FX manual to sustain gain•CBN will not go back to ways & means borrowing•Highlights policy priorities for 2026 By Babajide Komolafe, Economy Editor Nigeria recorded a major rebound in external investor confidence as foreign capital inflows surged to $20.98 billion in the first […]

NGX urges policymakers, stakeholders to rethink Africa’s growth model, By Peter Egwuatu Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group), has called on African policymakers, capital market leaders, and development stakeholders to collaboratively rethink the continent’s growth model, anchoring it on homegrown capital, tech-enabled integration, and bold partnerships as […]

Manufacturing Africa, TLG Capital partner to boost Nigerian manufacturing, UK’s Manufacturing Africa and TLG Capital are collaborating to strengthen Nigerian businesses’ eligibility for financing through Africa Growth Impact Fund II (AGIF II), which has raised $75 million towards its $200 million target. Supported by the World Bank’s International Finance Corporation (IFC), Swedfund, Norfund, and Bpifrance, the […]

BoI disburses N2.25bn to 16,696 MSMEs in Gombe, The Bank of Industry (BoI) has disbursed N2.25 billion to support 16,696 Micro, Small, and Medium Enterprises (MSMEs) in Gombe State. Managing Director/Chief Executive Officer of BoI, Dr. Olasupo Olusi, who disclosed this a meeting with the Gombe business community, said the disbursement is part of the N200 […]

Lagos pays out N1.17bn loans to 4,600 MSMEs in 2024, •Reports 91% repayment rate The Lagos State government through the Lagos State Employment Trust Fund (LSETF) disbursed N1.17 billion loans to 4600 Micro, Small and Medium Enterprises (MSMEs) in 2024 in its drive to reduce unemployment in the state.  Commissioner for Wealth Creation and Employment, Mr. […]

Manufacturing investments crash by 35% amid rising cost of finance, Stories by Yinka Kolawole High cost of finance occasioned by rising interest rates, among other factors, led to a 35.3 percent crash in investments in the manufacturing sector to N658.81 billion in 2024 from N1.018 trillion in 2023. This was reflected in the Second Half of […]