The Federal Government of Nigeria has announced plans to disburse over ₦1 billion to Micro, Small and Medium Enterprises (MSMEs) under the 2026 National MSME Awards. The initiative, themed “Renewed Hope for MSMEs,” aimed at boosting small business growth, job creation, and economic development across the country. The grants will awarded to outstanding businesses in…
The Federal Government of Nigeria has announced new regulations for the importation of fairly used vehicles, popularly known as “Tokunbo,” in a move to improve quality and safety standards across the country. The new guidelines designed to ensure that only roadworthy vehicles enter Nigeria. Addressing long-standing concerns over the influx of substandard cars into the…
The Lagos State Government has begun distributing smart devices to students under its Hope for Digital Education initiative, targeting over 600,000 learners across public schools. The programme is part of a broader strategy to modernise education and equip students with tools needed to thrive in a digital world. Officials say the rollout will cover primary…
Nigeria’s Minister of Finance, Wale Edun, has called on African nations — including Nigeria — to reduce reliance on foreign borrowing and focus on building stronger domestic economies. Speaking at the African Union Sub-Committee on Tax and Illicit Financial Flows in Abuja, Edun stressed that Africa cannot depend on debt, aid, or foreign investments alone…
Nigeria’s Top banks have emerged as the fastest-growing in Africa by brand value in 2026, reaching a combined $1.8 billion. This marks a significant leap from $1.57 billion recorded in 2025. Representing a 14.7% increase—the highest growth rate on the continent. Also, The Nigeria’s Top banks performers include Access Bank, GTCO, Zenith Bank, UBA, and…
Over 140 petrol stations across South Africa have run out of fuel as motorists rush to fill their tanks ahead of record price hikes in April. The surge in demand has overwhelmed supply chains, leaving long queues and empty pumps in major cities. Reports show that demand in some areas tripled within 24 hours. Forcing…
The Afreximbank Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE. Marking one of Africa’s biggest energy financing deals in recent years. Also, The facility, arranged alongside Access Bank as co-lead arranger, structured as a five-year loan aimed at strengthening the refinery’s financial position…
Nigeria has secured a major trade advantage as China grants zero-tariff access to all Nigerian exports starting May 1, 2026. The announcement was made in Abuja by Yu Dunhai, following the signing of a new economic partnership framework between both countries. Under the agreement, all Nigerian goods exported to China will enjoy 100% duty-free entry—removing…
The Federal Government has taken a major step to position Nigerian businesses for continental trade by launching a new report on digital payments and identity under the African Continental Free Trade Area. Also, Unveiled in Abuja by Ibrahim Hadejia, the report highlights how Micro, Small and Medium Enterprises (MSMEs) can tap into Africa’s $3.5 trillion…
The Wale Edun, Honourable Minister of Finance and Coordinating Minister of the Economy, has urged urgent measures to curb illicit financial flows. Which he warned continue to erode public revenue and heighten reliance on debt. Edun made the remarks while opening the 5th Special Technical Committee Sub-Committee. On Tax and Illicit Financial Flows, emphasizing the…
