The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched an ambitious strategy to bolster micro, small, and medium enterprises (MSMEs) by creating 500,000 jobs and increasing their
The European Investment Bank (EIB), the EU’s lending arm for research and development, is preparing to commence operations in Nigeria by July 2025, aiming to foster innovation and economic growth
Lagos State, Nigeria’s commercial hub, recorded a 45% increase in internally generated revenue (IGR), reaching ₦1.3 trillion in 2024, up from ₦900 billion in 2023. The milestone, announced on May
French automaker Renault is projecting a €2.2 billion financial hit in 2025, driven by its 43% stake in Nissan, which announced a $4.5 billion loss and a sweeping restructuring plan
Japanese automaker Nissan has reported a staggering $4.5 billion net loss for the fiscal year ending March 31, 2025, prompting a drastic restructuring plan that includes cutting 20,000 jobs globally,
The Nigerian government has announced the complete repayment of a $3.4 billion loan from the International Monetary Fund (IMF), secured in 2020 to mitigate the economic fallout of the COVID-19
Nigeria’s economy is experiencing a robust growth trajectory in 2025, with projections indicating a real GDP increase to 3.5% from 3.3% in 2024, according to a World Bank report released
In a move set to alleviate financial pressures for millions of Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of petrol to ₦825 per litre, effective May 12, 2025,
Nissan Motor Co. has unveiled plans to cut an additional 10,000 jobs worldwide, announced on May 8, 2025, as part of a drastic restructuring effort to address declining sales and
Saudi Aramco, the world’s largest oil producer, reported a 4.6% decline in net profit for the first quarter of 2025, posting earnings of $27.3 billion compared to $28.6 billion in
