The Lagos State Government is targeting an extra $1 billion in annual foreign exchange earnings through small and medium enterprises (SMEs), following the graduation of 253 participants from its Export Readiness Training Programme. Twenty of these entre… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Lagos backs SMEs to boost exports by $1 billion By Enitan Ajebukola Ajewumi on August 26, 2025 The Lagos State Government is targeting an extra $1 billion in annual foreign exchange earnings through small and medium enterprises (SMEs), following the graduation of 253 participants from its Export Readiness Training Programme. Twenty of these entrepreneurs will showcase "Made in Lagos" products at the 2025 Intra-African Trade Fair in Algiers this September. Read also, Lagos backs SMEs to boost exports by $1 billion Nigeria's reserves rise supporting naira stability Customs generates ₦161bn in 3 weeks assures SMEs of faster trade processes Why results speak louder than office politics EU powers Yabatech innovation hub for agritech SMEs Governor Babajide Sanwo-Olu noted that Lagos, which already contributes over 60% of Nigeria's non-oil exports ($5.3 billion in 2024), sees SMEs as the backbone of its economy and key to global competitiveness. The programme, supported by Afreximbank and ImpactHER, provided training, digital tools, market access, and single-digit loans to help businesses scale internationally.

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Nigeria's foreign reserves climbed to $41.10 billion on August 22, gaining $28.7 million in just 24 hours — the highest in four years. This steady buildup, driven by CBN's forex reforms and government policies boosting local production, is expecte… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's reserves rise supporting naira stability By Enitan Ajebukola Ajewumi on August 26, 2025 Nigeria's foreign reserves climbed to $41.10 billion on August 22, gaining $28.7 million in just 24 hours — the highest in four years. This steady buildup, driven by CBN's forex reforms and government policies boosting local production, is expected to keep the naira stable and ease inflationary pressure. Read also, Nigeria's reserves rise supporting naira stability Customs generates ₦161bn in 3 weeks assures SMEs of faster trade processes Why results speak louder than office politics EU powers Yabatech innovation hub for agritech SMEs Your work ethic is your real resume For SMEs, stronger reserves mean better access to forex for imports, improved business confidence, and potentially lower operating costs. The naira also showed resilience, closing at ₦1,542/$ at the parallel market and ₦1,535/$ officially, slightly stronger than last week.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110

The Nigeria Customs Service (NCS), Apapa Command, has collected ₦161.25 billion between August 1–22 through its new B'Odogwu ICT platform. Area Comptroller, Babatunde Olomu, said the system is designed to ease trade and reduce delays, assuring imp… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Customs generates ₦161bn in 3 weeks assures SMEs of faster trade processes By Enitan Ajebukola Ajewumi on August 26, 2025 The Nigeria Customs Service (NCS), Apapa Command, has collected ₦161.25 billion between August 1–22 through its new B'Odogwu ICT platform. Area Comptroller, Babatunde Olomu, said the system is designed to ease trade and reduce delays, assuring importers, freight forwarders, and SMEs that their patience will pay off. Read also, Customs generates ₦161bn in 3 weeks assures SMEs of faster trade processes Why results speak louder than office politics EU powers Yabatech innovation hub for agritech SMEs Your work ethic is your real resume AFRES tackles illicit funds to unlock SME opportunities He noted that the Comptroller-General, Adewale Adeniyi, is in constant talks with the Nigerian Shippers Council to secure demurrage waivers and improve service efficiency. Customs officers have also been directed to work extra hours and weekends to clear backlogs and speed up cargo processing. Olomu stressed that Apapa Port remains strategic for trade growth, adding that the new platform will enhance opportunities for SMEs involved in import, export, and logistics services.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110