Menu
HomeNewsEducationAbout Us
HomeNewsEconomy
EconomyDaily Trust·20 June 2026

Small businesses under hammer of inflation

Reported by Daily Trust on 20 June 2026. Read the summary below, then continue to the full story.

OR
Our Reporters
Daily Trust
Summary

Small and Medium-sized Enterprises (SMEs) in Nigeria are cutting operating hours, reducing stock, and closing shops as surging energy costs, driven by high petrol/diesel prices and electricity tariff hikes consume up to 60 per cent of their profits. Many micro-businesses and manufacturers now operate at a fraction of their capacity to avoid passing unsustainable costs []

💹
ECONOMY
Read the full story
Originally reported by Daily Trust
Continue on Daily Trust
Related Stories
💹
Economy
Anxiety as Anambra begins reclamation of public land
Punch · 24 Jun
💹
Economy
Lagos shuts Oshodi market over attack on sanitation officers
Punch · 24 Jun
💹
Economy
NAE backs power reforms, warns on infrastructure gaps
Premium Times · 23 Jun