The initiative could mobilize nearly $1.89 billion in private financing for more than 250,000 Nigerian small businesses but entrepreneurs must prepare to access the opportunities. Nigeria’s small and medium sized enterprises (SMEs) may be heading towards a significant financing opportunity as the World Bank Group moves to mobilize up to US$5.79 billion in private financing
LEARN MORE
Sell ₦6 Million More, Keep ₦2.5 Million Less The tax cliff every growing Nigerian SME must plan for before year-end Introduction Amaka runs a catering company in Lagos. This year she sold ₦49 million and kept ₦9.8 million in profit, tax free. Tunde runs an identical catering company, with the same kitchen, the same prices
LEARN MORE
Think Big, Measure Small: How Knowing Your Business in Detail Fuels Growth The biggest growth opportunity in your business may not be something new. It may be something you already own and have never examined closely. In This Article Introduction Harvard Business School’s Robert Kaplan has described a pattern found in nearly every customer profitability
LEARN MORE
CBN Cuts MPR to 23%: Implications for SMEs in Nigeria The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 26.5% to 23%, representing a 350 basis point cut at the Monetary Policy Committee’s meeting held on September 21–22, 2026. The CBN also adjusted the Standing Facilities Corridor to +50/-300 basis
LEARN MORE
SMEDAN, KOICA AND UNDP BREAK GROUND ON $12M ABUJA ENTREPRENEURSHIP CENTRE A $12 Million Investment in Nigeria’s Entrepreneurial Ecosystem The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the Republic of Korea through the Korea International Cooperation Agency (KOICA), and the United Nations Development Programme (UNDP) have commenced construction of the Abuja Centre for
LEARN MORE
