Family businesses are vital to Nigeria's economy but face high failure rates due to poor governance and succession planning. Experts emphasize the need for structured systems to ensure longevity and intergenerational value creation.
The Federal Government has launched applications for the Eighth MSME Awards, offering over N1 billion in grants to 100 outstanding small businesses. The initiative aims to boost entrepreneurship, drive economic growth, and foster innovation across key sec
Experts from Lagos Business School highlight the critical failure of family-owned enterprises in Nigeria and Africa to manage leadership transitions, citing poor governance and lack of structured succession planning as major threats to business continuity
Discover the latest funding opportunities for small businesses in Nigeria, including government-backed loans, private grants, and micro-financing schemes to boost growth and sustainability.
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The National Automotive Design and Development Council (NADDC) is focusing on Nigeria's autosport sector to drive industrialisation, innovation, and youth development, with plans to formalise the industry and create jobs.
OPay has officially opened a new office in Jos, Plateau State, reinforcing its commitment to financial inclusion and customer-centric services across Nigeria.
Kìítan Your Errand Girl (KYEG), founded by Bakare Olaitan Adetunji, offers personal shopping and delivery services to simplify daily errands for busy individuals in Lagos.
Clover Design Studio, founded by Covenant University graduates, helps African brands build timeless visual identities to compete globally. Their strategy-focused approach bridges gaps in branding.
Entrepreneur Zainab Salihijo shares her philanthropic approach focused on women's empowerment through financial education, mentorship, and systemic change, moving beyond charity to sustainable impact.
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COMCIN and NEAT Microcredit have introduced a N100 million joint loan facility to support SMEs in Nigeria, focusing on women and youth entrepreneurs with low interest rates and flexible repayment terms.
Langovest will host the Africa Infrastructure Roundtable in Manchester, UK, on April 24, 2026, uniting diaspora professionals and investors to discuss practical infrastructure solutions for Africa.
The Ogoni Entrepreneurship Summit has disbursed N200 million in grants to 82 entrepreneurs in Rivers State to boost grassroots economic growth and support MSMEs.
From strategic marriages and relocation to upskilling and smart investing, Nigerians are adopting creative methods to boost income amid economic challenges in 2026, as revealed in a viral social media discussion.
A Nigerian entrepreneur has purchased a large solar-powered freezer for her shop, revealing the investment cost and demonstrating the battery and solar installation she implemented.
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Nigeria's richest woman Folorunso Alakija has opened applications for a N1.3 billion grant program targeting female entrepreneurs in Abuja, Lagos, and Port Harcourt. The initiative provides funding, business training, and mentorship for women-led business
A 24-year-old Nigerian woman who moved to China at age 17 has successfully established her own company, sharing her entrepreneurial experience and insights from her seven-year journey abroad.
Lagos State Governor Babajide Sanwo-Olu has inaugurated Irele Tower, the first commercial building in Lagos Free Zone. This EDGE-certified sustainable development sets new standards for green workspace in Nigeria's fastest-growing economic corridor.
A Nigerian single mother of five shares how she earns steady income by allowing people to charge phones using her solar panel, making N12,000 in one day and preferring it over grid electricity.
Vice President Kashim Shettima has called on the National Council on Skills to ensure Made-in-Nigeria products and services achieve world-class quality, emphasizing collaboration for industrial transformation.
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Dangote Group has restated its dedication to boosting Nigeria's industrial capacity and supporting MSMEs, addressing challenges like high energy costs and poor infrastructure through its Vision 2030 strategy.
Jetour strengthens its position in Nigeria's SUV market with the launch of the T2 Plug-in Hybrid Electric Vehicle, featuring dual driving modes, multiple charging options, and advanced safety features for urban and off-road use.
The Abuja Chamber of Commerce and Industry inaugurates a new Executive Committee for its Young CEOs Forum, aiming to empower young entrepreneurs aged 18-30 with mentorship, networking, and business development tools to foster innovation and economic trans
Transcorp Group has expanded its partnership with the Tony Elumelu Foundation, investing $2 million to support 1,250 entrepreneurs, with over 430 from Niger Delta states.
Beta Glass Plc hosted its International Women's Day 2026 conference, bringing together industry leaders to discuss moving gender inclusion from corporate optics to measurable economic transformation in manufacturing.
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Social media influencer Pamilerin Adegoke has shut down his restaurant business due to a staggering 600% rent increase from his landlord, sparking backlash online.
The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN) has launched a N100 million joint loan facility targeting small businesses. The scheme offers low-interest loans up to N5 million, with 90% of beneficiaries being women, and ex
Click and Carry, featured on Shark Tank Season 12, has achieved nearly $8 million in sales despite its deal with Mark Cuban and Barbara Corcoran not closing. The company now sells in major retailers like Walmart and Amazon.
Governor AbdulRahman AbdulRazaq has initiated the distribution of N350 million in interest-free loans to 1,000 beneficiaries in Kwara State, aiming to boost grassroots economic activity and reduce poverty through the ACReSAL project.
A Nigerian restaurant owner celebrated installing a N20 million solar system that powers her business, eliminating her daily N200,000 diesel expenses. The system runs six ACs, four freezers, and other equipment.
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The third Saskatoon Black Business Expo, themed 'Bigger, Bolder, and Impactful,' brings together over 100 Black-owned businesses at Prairieland Park on March 28, 2026, featuring masterclasses and networking opportunities to boost economic connections.
