•N94trn lost to divestments, business closures By Yinka Kolawole The harsh economic environment led to the closure of about 30 percent of Micro and Small Medium Enterprises (MSMEs) in Nigeria, amounting to about 7.2 million of the country’s estimated 24 million MSMEs, between 2023 and 2024, the Nigerian Economic Summit Group (NESG) has stated. Chief Economist and […]

The post Over 7m small businesses shut down in 2 years — NESG appeared first on Vanguard News.