Business News Nigeria - 360nobs

This comprehensive business news article from 360nobs.com.ng provides an in-depth overview of Nigeria's evolving economic landscape and emerging opportunities for entrepreneurs and investors.

Nigeria's business environment is experiencing significant transformation with declining inflation, recovering oil production, and expanding digital payment systems. The government's National Development Plan 2025 introduces favorable policies supporting SMEs, which contribute over 50% of the country's GDP. Key growth sectors include fintech companies like Flutterwave and Paystack revolutionizing financial services, agricultural exports diversifying the economy beyond oil dependency, and rising real estate demand in major cities like Lagos and Abuja.

• Fintech expansion is driving cashless transactions and financial inclusion across Nigeria
• Agricultural sector growth through cocoa, cashew, and palm oil exports reduces oil dependency
• Government reforms provide tax incentives and infrastructure investments supporting business growth
• SMEs receive increased funding and support through institutions like BOI and SMEDAN