Nigerian Small Businesses May Struggle for Bank Credit in 2027
By Oluwakemi Kindness Nigerian small businesses may continue to struggle to access formal bank credit in 2027 despite the banking sector’s ₦4.65 trillion recapitalisation. This according to DataPro is as high Treasury bill yields and monetary policy restrictions encourage lenders to favour government securities over private-sector lending. DataPro, in its Risk Quarterly report which examined […]
SMEDAN Warns of Startup Investment Gap in Nigeria
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has raised concerns over the shortage of investment-ready startups in the country, despite the availability of significant funding opportunities for entrepreneurs. Director-General of SMEDAN, Charles Odii, made the observation at the opening of the Abuja Centre for Entrepreneurship (ACE) Project’s Training of […]
SMEDAN DG urges governors to boost MSMEs
By Oluwakemi Kindness Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, has urged state governors to establish more MSME development and skill acquisition centres and provide matching funds to accelerate the growth of small businesses across the country. Speaking at the 2026 World MSME Day celebration in Abuja at […]
NSIA Unveils $275,000 Innovation Fund for Nigerian Startups
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has launched the fourth edition of its Prize for Innovation (NPI 4.0), unveiling a $275,000 prize pool and access to up to $1.5 million in growth funding to support high-potential Nigerian startups. The initiative, themed “Building for Impact,” is designed to help innovative businesses scale through […]