Investors on the Nigerian Exchange Limited (NGX) gained ₦1.6 trillion last week, raising total market capitalisation to ₦96.3 trillion. The development, shared on President Bola Ahmed Tinubu’s official X handle, reflects growing investor confidence and optimism for Nigeria’s economic recovery.
President Tinubu also commissioned the upgraded Maiduguri Airport terminal, praising the collaboration between the federal and state governments. The new facility is expected to enhance regional connectivity and support trade, logistics, and small business activities in the North-East.
Read also:
- NASENI innovation signals new business opportunities
- YMR fuels youth MSMEs nationwide with ₦24m growth grants
- Nigeria positions economy as SME gateway for Europe Africa trade
- Tax reforms committee engages Ombud to protect SMEs
- Cashew sector could unlock $10bn SME opportunity
In Enugu State, the Federal Government launched the YouthCred consumer credit scheme to provide young Nigerians with access to affordable, collateral-free loans. The initiative, implemented through CrediCorp, aims to empower youth-led businesses and promote job creation.
Adding to financing opportunities, the World Bank approved $500 million to expand access to finance for micro, small, and medium enterprises (MSMEs) in Nigeria. The funding is set to improve credit delivery, reduce funding challenges for small businesses, and support inclusive economic growth.
