For more than a decade, Nigeria’s small and medium-scale enterprises (SMEs), the country’s largest employers and backbone of the real economy, have remained largely excluded from formal bank financing, despite repeated policy pledges to support them. An analysis of the Central Bank of Nigeria (CBN) Statistical Bulletin covering 2014 to 2023 reveals a troubling reality: …
Stakeholders in the Nigerian manufacturing sector have expressed concern about the move by the Senate Committee on Finance to amend the Customs and Excise Act to increase excise duty on non-alcoholic beverages. The Centre for the Promotion of Private Enterprise (CPPE) said the move is economically disruptive and inconsistent with Nigeria’s broader development and industrial policy …
Nigeria’s hair and beauty industry, valued at over ₦15 trillion, has been projected to hit ₦23 trillion by 2030. President of the National Association of Hair and Beauty Practitioners of Nigeria (NAHBPON), Comrade Tina Doofan Orjir, made this known during her acceptance speech. Orjir outlined an ambitious vision to position the sector as a driver …
