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Rising Costs Impact 79% Of Nigeria’s Informal Businesses – Moniepoint Report

Kingsley Chukwu5 hours ago02 mins

Nearly eight in ten informal businesses in Nigeria have experienced an increase in operating costs over the past year, according to the Moniepoint Informal Economy Report 2025, released in Abuja on 17 October. The report revealed that 79 per cent of business owners in the informal sector attributed the rise in expenses to soaring supplier…

Moniepoint Partners FG, CAC To Ease Formalisation Of Informal Businesses

Kingsley Chukwu5 hours ago04 mins

Moniepoint Inc. says it is collaborating with the Federal Ministry of Industry, Trade and Investment and the Corporate Affairs Commission (CAC) to make it easier for informal businesses to formalise their operations. Mr. Tosin Eniolorunda, Group Chief Executive Officer and Co-founder of Moniepoint Inc., disclosed this during the unveiling of the company’s Informal Economy Report…