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Business
How Recent Policies Are Shaping Nigeria’s Microfinance Sector in 2024
The Nigerian microfinance sector saw several important regulatory changes in the second quarter of 2024, each crafted to reinforce stability and strengthen the role of Microfinance Banks (MFBs) as drivers of financial inclusion. These changes reflect the Central Bank of Nigeria’s (CBN) commitment to building a robust and sustainable financial sector that can support grassroots […]
Empowering Economic Growth: The Crucial Role of SMEs and Microfinance in Nigeria.
SMEs: ENGINES OF ECONOMIC PROGRESS SMEs constitute a significant portion of Nigeria’s economic fabric, contributing substantially to GDP growth. According to reports from the National Bureau of Statistics (NBS), SMEs account for over 48% of the nation’s GDP, underscoring their indispensable role in economic sustenance. Beyond financial metrics, SMEs are instrumental in tackling unemployment challenges. […]
