Lagos State Governor Sanwo-Olu, represented by Babatunde Onigbanjo, announced the launch of a N10 billion Cooperative Fund aimed at promoting the growth of micro, small, and medium enterprises (MSMEs) and fostering peace in the region. The governor highlighted that over 16,000 cooperative societies are registered in Lagos, which operate through 24 Area Offices and play a crucial role in grassroots economic development.

Leadway Assurance Company Limited has continued its support for Nigeria's creative industry and small and medium enterprises by sponsoring the Lagos Leather Fair (LLF) for the fourth consecutive year. The LLF, which is the largest leather exhibition in Nigeria, is now in its ninth edition, highlighting the company's commitment to fostering growth in the creative economy.

Open Startup celebrates its 10th anniversary by launching two new investment initiatives, The Science Road and Openers First, aimed at supporting African deep tech ventures. This move reflects the organization's commitment to fostering innovation and development in the African technology sector.

4G Capital has provided over $1 billion in loans to small businesses in Kenya and Uganda, reflecting a growing need for working capital among entrepreneurs often excluded from traditional financing. Since its inception in 2013, the Nairobi-based fintech has served approximately 800,000 customers and issued more than 7.6 million short-term loans.

President Tinubu’s administration has secured $11.4 billion in World Bank loans over a three-year period, approaching the total amount secured during former President Buhari’s eight-year tenure. The report details the projects associated with these loans and their disbursement.

Wema Bank has obtained a €50 million financing facility from EIB Global, the European Investment Bank's development arm, aimed at enhancing credit access for small and medium-sized enterprises (SMEs), particularly those owned by women and youth. The agreement was signed in Lagos and represents the first transaction between Wema Bank and EIB Global.