BOI Launches Digital Platform to Make Business Loans More Accessible
Nigeria’s Bank of Industry (BOI) has launched MyBOI, a new end-to-end digital platform designed to simplify how businesses access development finance and reduce some of the paperwork and processing barriers associated with loan applications. According to reports published today, the platform allows businesses to register, complete onboarding, undertake impact and sustainability assessments, submit financing applications […]
FG Steps Up Push to Unlock Finance for Small Businesses
Nigeria’s entrepreneurship ecosystem is seeing renewed attention on one of its most persistent challenges: access to affordable finance for small and growing businesses. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has reaffirmed the Federal Government’s commitment to expanding MSMEs’ access to finance, markets, technology and other business-support systems, with an emphasis on helping […]
CBN Rate Cut: Will Cheaper Credit Finally Reach SMEs?
Nigeria’s entrepreneurs are watching closely after the Central Bank of Nigeria reduced the Monetary Policy Rate (MPR) from 26.5% to 23%, a 350-basis-point reduction announced after the Monetary Policy Committee meeting of September 21–22, 2026. For small and medium-sized businesses, the key question is no longer simply whether interest rates have fallen at the policy […]
Nigeria Moves to Make Free Zones More Business-Friendly
The Federal Government has begun a major review of Nigeria’s Special Economic Zones (SEZs) regulatory framework, with the stated aim of protecting legitimate investors, reducing regulatory bottlenecks and addressing abuses of free-zone incentives. The reform committee includes the Federal Ministry of Industry, Trade and Investment, NEPZA, OGFZA, Customs, the Nigeria Revenue Service and other stakeholders. […]
New Opportunities Open for Nigerian Entrepreneurs
Nigeria’s entrepreneurship ecosystem is recording fresh developments today, with new opportunities emerging around enterprise infrastructure, financing, technology, exports and women-led businesses. A major development is the $12 million Abuja Centre for Entrepreneurship (ACE) being developed at the SMEDAN Industrial Development Centre in Idu, Abuja. The Federal Government says the centre will initially support 500 aspiring […]
Nigeria’s Entrepreneurship Sector Gets a Boost
Nigeria’s entrepreneurship ecosystem is experiencing a significant shift, with access to finance, investment readiness, business capacity and market expansion increasingly becoming central to the growth conversation. One of the latest developments is the selection of more than 40 Nigerian SMEs from over 550 applications for the inaugural Grow Enterprise Africa SME Accelerator. The eight-week programme […]
Nigeria’s Entrepreneurship Ecosystem Gains Regional Momentum as Startups, Innovation and Finance Take Centre Stage
Nigeria’s entrepreneurship ecosystem is entering another important phase as startup investment, regional market access, digital finance and innovation support increasingly converge around enterprise growth. One of the major developments this week is the 2nd ECOWAS Startup Awards, taking place in Abuja from September 21–30. Sixty startups selected from more than 6,000 applications across the 12 […]
Nigeria’s Entrepreneurship Ecosystem Enters a New Phase as Investment, Infrastructure and Enterprise Support Expand
Nigeria’s entrepreneurship landscape is showing signs of a stronger shift toward enterprise growth, investment readiness, innovation and market access, with several new initiatives and developments emerging across the country. One of the most significant recent developments is the commencement of construction of the $12 million Abuja Centre for Entrepreneurship (ACE) by SMEDAN, in partnership with […]
Nigeria’s Entrepreneurship Agenda Is Moving From Training to Enterprise Growth
Nigeria’s entrepreneurship ecosystem is entering a more practical phase, with government, financial institutions and development partners increasingly focusing on how skills, finance, technology and market opportunities can be converted into sustainable enterprises and jobs. One of the biggest developments today is the commencement of construction of the $12 million Abuja Centre for Entrepreneurship (ACE) by […]
Nigeria’s Entrepreneurship Ecosystem Is Entering a New Growth Cycle — Skills, Capital and Digital Capability Take Centre Stage
Nigeria’s entrepreneurship landscape is showing signs of a deeper transition. The conversation is increasingly moving beyond simply encouraging people to start businesses towards building enterprises that can acquire skills, adopt technology, attract capital and scale sustainably. One of the latest developments is the Federal Government’s commitment of more than ₦10.5 billion to a digital-skills programme […]