Tag: Lagos

Policy

Fitch retains B+ ratings on Lagos, outlook still negative

Lagos, Nigeria’s commercial capital has one more thing to worry about as Fitch maintains its B+ ratings still with a negative outlook. In a ratings opinion released by Fitch affirmed Lagos State’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B+’ with Negative Outlook and Short-Term Foreign Currency […]

Lagos to fund small businesses with NGN25billion
Startups

Lagos to fund small businesses with NGN25billion

Lagos state government has approved a total of  NGN6.25billion fund for 281 micro-enterprises for four years, totalling N25billion, the Trust fund bill was signed since January by Gov. Akinwunmi Ambode to support small businesses. According to the government about 150 of the beneficiaries have received offer letters under the pilot […]