The Nigerian Exchange Ltd NGX closed the week strong as the All Share Index rose by 1.35 percent while market capitalisation increased by 1.36 percent to settle at 148977.64 points and N94.561 trillion respectively compared to 146988.04 points and N93.2… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader MSMEs track market gains as NGX investors earn N1.26 trillion weekly growth By Enitan Ajebukola Ajewumi on October 20, 2025 The Nigerian Exchange Ltd NGX closed the week strong as the All Share Index rose by 1.35 percent while market capitalisation increased by 1.36 percent to settle at 148977.64 points and N94.561 trillion respectively compared to 146988.04 points and N93.296 trillion in the previous week. This performance added N1.265 trillion to investors' portfolios showing renewed confidence in the market and new growth opportunities for MSMEs seeking capital through equities. All indices ended higher except the NGX CG NGX Banking NGX AFR Bank Value NGX AFR Div Yield NGX MERI Growth NGX MERI Value and NGX Growth indices which recorded slight declines. A total of 2.422 billion shares worth N76.618 billion were traded in 126591 deals compared with 2.286 billion shares valued at N90.280 billion in 138177 deals last week. Read also, MSMEs track market gains as NGX investors earn N1.26 trillion weekly growth FG reaffirms support for MSMEs as sector drives half of Nigeria GDP FG targets $5tn investment to strengthen SMEs boost Nigeria economy FG moves to end multiple taxation, ease compliance for businesses Tinubu's aide urges SMEs to explore food value chain for wealth, job growth The financial services industry dominated trading with 1.662 billion shares worth N32.565 billion accounting for 68.65 percent of total volume and 42.50 percent of total value. The ICT sector followed with 184.884 million shares worth N8.662 billion while the services sector placed third with 154.537 million shares valued at N1.066 billion. Consolidated Hallmark Holdings Fidelity Bank and Access Holdings led market activity with a combined 618.549 million shares worth N9.220 billion representing 25.54 percent of total turnover. Fifty-two equities appreciated in price while forty-one declined and fifty-three remained unchanged. Top gainers were Sovereign Trust Insurance Royal Exchange Eunisell Interlinked SFS Real Estate Investment Trust and Omatek Ventures. The week's top losers included Tripple Gee Academy Press Regency Alliance Insurance Livingtrust Mortgage Bank and Industrial and Medical Gases. Analysts said the sustained market performance could encourage MSMEs to explore equity financing as a viable path for expansion and business growth in the coming months.

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Vice President Kashim Shettima has reaffirmed that micro small and medium enterprises remain a key policy priority for the federal government as they account for more than 96 percent of Nigerian businesses contribute nearly 50 percent of the nation's … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG reaffirms support for MSMEs as sector drives half of Nigeria GDP By Enitan Ajebukola Ajewumi on October 20, 2025 Vice President Kashim Shettima has reaffirmed that micro small and medium enterprises remain a key policy priority for the federal government as they account for more than 96 percent of Nigerian businesses contribute nearly 50 percent of the nation's GDP and provide employment for over 84 percent of the national workforce. Shettima made this known in Abuja during the launch of the 2025 Nigerian Informal Economy Report and the unveiling of M Nigeria's first Informal Economy AI Chatbot, marking ten years of Moniepoint's contribution to financial inclusion and business growth in Nigeria. Represented by Jumoke Oduwole Minister of Industry Trade and Investment the Vice President commended Moniepoint for its leadership in the fintech sector and its impact on over ten million businesses and individuals across the country. He noted that the federal government remains committed to creating an enabling environment for MSMEs to thrive through access to finance innovation and digital transformation. Read also, FG reaffirms support for MSMEs as sector drives half of Nigeria GDP FG targets $5tn investment to strengthen SMEs boost Nigeria economy FG moves to end multiple taxation, ease compliance for businesses Tinubu's aide urges SMEs to explore food value chain for wealth, job growth AFD Commends Lagos, LAMATA For Advancing Modern Transport Infrastructure The new report supported by the International Finance Corporation the Federal Ministry of Industry Trade and Investment and SMEDAN revealed that while 65 percent of businesses recorded revenue growth only 47 percent saw higher profits due to rising costs. It also showed that 38 percent of business owners earn less than N10000 daily while 42 percent lack savings to survive a month without income. Moniepoint Managing Director Babatunde Olofin said the findings highlight the resilience of Nigeria's informal sector despite challenges such as weak structures limited financing and low digital literacy. He added that Moniepoint will continue to promote affordable credit and digital tools to help small businesses grow and achieve financial stability. The report concluded that with the right policies and support systems MSMEs can drive inclusive growth and sustain Nigeria's economic recovery.

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 Presidential Foreign Intervention Promotion Council (PFIPC) has announced plans to attract $5 trillion in foreign direct investment (FDI) through Nigeria's hosting of the World Investment Summit 2026. The global event, themed "Unlocking Capit… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG targets $5tn investment to strengthen SMEs boost Nigeria economy By Enitan Ajebukola Ajewumi on October 20, 2025 The Presidential Foreign Intervention Promotion Council (PFIPC) has announced plans to attract $5 trillion in foreign direct investment (FDI) through Nigeria's hosting of the World Investment Summit 2026. The global event, themed "Unlocking Capital Accelerating Development Driving Prosperity," will take place in Abuja in April 2026 and is expected to bring together over 80 Heads of State, 96 Ministers, 800 speakers, and 8,000 participants from around the world. According to the Director-General of PFIPC, Adeniyi Matthew, the summit aims to position Nigeria as a leading destination for international partnerships and long-term capital inflows. He said the initiative will serve as a platform for global investors to connect with emerging opportunities in Nigeria's key growth sectors. Read also, FG targets $5tn investment to strengthen SMEs boost Nigeria economy FG moves to end multiple taxation, ease compliance for businesses Tinubu's aide urges SMEs to explore food value chain for wealth, job growth AFD Commends Lagos, LAMATA For Advancing Modern Transport Infrastructure Nigeria, China sign MoU to empower women entrepreneurs in gas sector The Council noted that while attracting foreign investment remains vital, empowering local businesses—especially small and medium-sized enterprises (SMEs)—is equally essential to achieving sustainable development. The PFIPC stated that supporting SMEs will create a stable and inclusive economic base that encourages both domestic and foreign investors, helping Nigeria strengthen its productive capacity and achieve lasting prosperity. The World Investment Summit 2026 is part of the Federal Government's broader economic agenda to expand access to funding, create jobs, and accelerate industrial growth across all sectors of the economy.

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