The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
Economy
Most viewed
Popular
-
FG speaks on tolling of Third Mainland Bridge, inaugurates CCTV control centre
-
Exchange rate gap between official, parallel markets widens as forex supplies tighten
-
Nigerian state set to train 50,000 youths in 2026 to reduce unemployment
-
Naira trades at new rate as report predicts 2026 exchange benchmark
-
Motorcycle, tricycles on offer as FG announces plan to empower 10,000 women nationwide
Economy Latest News
Business Accelerator partners Sterling Bank to give $2 million SME funding to Nigerian Entrepreneurs
Cascador has partnered Sterling Bank to launch a $2 million fund to support mid-stage entrepreneurs in several sectors, including logistics, healthcare, and others.
FG to boost economic ties with commencement of direct flights between Nigeria and Brazil
Nigeria is set to establish direct air routes with South America and boost economic and diplomatic relations. A delegation from Nigeria is discussing the details.
No signs of US recession, Treasury Secretary says
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
Retailers react as FG reopens some filling stations in border communities, leaves others shut
Since 2019, over 400 filling stations in border communities have been shut down, but the federal government recently lifted the restriction, allowing some to resume.
UK, India strike trade deal amid US tariff blitz
The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats. His Labour government added it is "the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU".
EDF complaint blocks Czech-Korean nuclear deal
A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.
US trade deficit hit fresh record before new Trump tariffs
The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout. The trade gap was the result of a 4.4 percent rise in imports to $419.0 billion, as people rushed to buy goods ahead of the introduction of the widely trailed tariffs.
US Fed starts rate meeting under cloud of tariff uncertainty
The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout. This is a challenging situation for the Fed's rate-setting committee, which began its two-day meeting in Washington at 8:30 am local time (1230 GMT).
FG waives value-added tax on CNG, other energy sources amid N2 billion loss to poor power supply
Nigeria is making her strides to join the rest of the world in the transition to clean energy, and has waived VAT on Compressed Natural Gas (CNG) and others.
Economy
Load more