3 articles tagged
The holy month of Ramadan has become a crucial period for both charity and commerce in Nigeria, with philanthropic efforts to feed the fasting Muslim population also providing a significant economic boost to local small-scale food vendors and petty traders.
The ongoing electricity crisis in Nigeria has intensified, leading to significant losses for small businesses and households. Many entrepreneurs are shutting down operations, while families are struggling to manage food supplies without reliable electricity.
A recent report highlights a significant liquidity challenge in Nigeria where despite banks being flush with funds, small businesses and manufacturers struggle to access credit. Experts indicate that a structural issue is at play, with a growing preference for government securities over lending to the real economy.
