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EnterpriseNGR

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uuid0036arq

Namestring
EnterpriseNGR
Legal namestring
EnterpriseNGR Professional Advocacy Group Ltd/Gte
Company typeenum
Private
Founded yearint
2021
Descriptiontext

EnterpriseNGR is a Lagos-based, member-led private sector advocacy organization founded in October 2021 that promotes an enabling policy environment for the growth and competitiveness of Nigeria's Financial and Professional Services (FPS) sector. The organization brings together roughly 30+ member institutions across banking (Access Bank, Polaris Bank, Providus Bank, Bank of Industry), insurance (Leadway Holdings, Custodian), capital markets infrastructure (FMDQ Group, NGX Group, CSCS), fintech (CowryWise, Sparkle), and professional services (PwC Nigeria, Templars, Banwo & Ighodalo, EY Nigeria) under Chairman Aigboje Aig-Imoukhuede CFR and CEO Obi Ibekwe.

The organization does not develop proprietary technology products. Its service portfolio is built around six primary offerings: (1) the Youth of Enterprise (YOE) Internship Programme, a paid six-month internship that has placed 2,300+ Nigerian youth since 2022 against a 10-year target of 100,000; (2) the annual State of Enterprise (SOE) Report, first published in 2022, providing sector-wide benchmarking with the 2026 edition focused on insurance; (3) the LEAD-P leadership development programme delivered in partnership with AIG Imoukhuede Foundation and the Office of the Head of Civil Service of the Federation; (4) the Lagos International Financial Centre (LIFC) initiative, co-chaired by Governor Babajide Sanwo-Olu and Aigboje Aig-Imoukhuede, with Phase II funded by the UK Government via TheCityUK; (5) the annual InvestLagos international investment summit; and (6) Quarterly Members' Night convenings for C-level executives.

Revenue is generated exclusively through recurring annual membership dues from member organizations; specific pricing tiers are not publicly disclosed. The go-to-market motion is sales-led, relationship-driven direct engagement with C-suite executives, supplemented by event-driven and community-led motions through the YOE programme. The organization is a private limited company (EnterpriseNGR Professional Advocacy Group Ltd/Gte) domiciled in Nigeria, operating from its Victoria Island, Lagos headquarters.

Short descriptiontext

EnterpriseNGR is a Lagos-based, member-led private sector advocacy organization founded in 2021 that promotes an enabling policy environment for Nigeria's Financial and Professional Services sector through research, industry convening, and the Youth of Enterprise internship programme.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLagos, Nigeria
HQ citystring
Lagos
HQ countrystring
Nigeria
HQ regionstring
Africa
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
financial services advocacy, policy research advisory, membership association services, industry executive networking, sector research publications
NAICS code1 code
  • Professional Organizations81392
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model1 record
1Membership Fees
TypeSubscription Recurring
Description

EnterpriseNGR generates revenue through annual membership fees from organizations in Nigeria's Financial and Professional Services sector. Members include banks, insurance companies, capital markets operators, asset managers, fintech firms, and professional services companies. Membership provides access to policy consultation, high-level networking, regulatory engagement, and brand recognition benefits.

enterprisengr.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 4 records shown
1Youth of Enterprise (YOE)
Description

Flagship internship programme initiative addressing youth unemployment and underemployment in Nigeria by equipping young graduates with employable skills, workplace readiness, and professional competence.

enterprisengr.com
+3 more records
Core offering1 text field

EnterpriseNGR is a member-led private sector advocacy organization that promotes an enabling policy environment for Nigeria's Financial and Professional Services (FPS) sector. The organization offers annual memberships to financial institutions, insurers, capital markets operators, fintechs, and professional services firms, providing policy consultation, regulatory engagement, high-level networking, research publications, and flagship programmes including the Youth of Enterprise (YOE) Internship Programme and the State of Enterprise annual report.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • The Lagos International Financial Centre (LIFC) initiative, with EnterpriseNGR as a key partner, aims to position Lagos as Africa's leading international financial hub, potentially transforming Nigeria's capital mobilization capabilities
+3 more records
Product overview1 text field

EnterpriseNGR is a member-led private sector advocacy organization that promotes an enabling policy environment for Nigeria's Financial and Professional Services (FPS) sector. Rather than a unified product, the organization offers a portfolio of initiatives including the Youth of Enterprise (YOE) Internship Programme for youth employability, the State of Enterprise (SOE) annual research reports, the LEAD-P leadership development initiative, the Lagos International Financial Centre (LIFC) project, and regular member events including Members' Night and InvestLagos summits. These offerings are complemented by policy advocacy services and industry forums like the Insurance Sector Transformation Consultative Forum.

Scale indicator12 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-09
Description

Strategic partnership for Invest Lagos 3.0, an international investment summit designed to accelerate capital mobilization and expand cross-border trade for Lagos State. The partnership supports Lagos International Financial Centre (LIFC) development and positions Nigeria within the Commonwealth investment network.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-09
Description

Key partnership for establishing the Lagos International Financial Centre (LIFC). The LIFC Council is co-chaired by Governor Babajide Sanwo-Olu and EnterpriseNGR Chairman Aigboje Aig-Imoukhuede. Joint initiatives include InvestLagos summits, Lord Mayor's Show participation, and bilateral meetings with international investors and government officials.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-03-05
Description

Engagement through the Insurance Sector Transformation Consultative Forum 2026. NAICOM Commissioner for Insurance Olusegun Omosehin participated in high-level discussions on regulatory reform, digital transformation, and sector modernization to deepen insurance penetration in Nigeria.

4EY Nigeria
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-01
Description

Collaboration on the 2026 Macroeconomic Outlook report, providing economic analysis and projections for Nigeria's financial sector. EY brings global research methodology and expertise to EnterpriseNGR's thought leadership output.

tradingview.com
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-01
Description

Partnership funded by the UK Government to advance the Lagos International Financial Centre (LIFC) project. Phase I (completed) produced a comprehensive report assessing international best practices and identifying Lagos' unique strengths. Phase II focuses on implementation, including securing federal approval, establishing legal frameworks, and delivering capacity-building programmes.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-06-01
Description

Partnership for the Leadership Enhancement and Development Programme (LEAD-P) in collaboration with the Office of the Head of Civil Service of the Federation (OHCSF). The programme aims to build capacity in Nigeria's Federal Civil Service, developing public sector leadership aligned with EnterpriseNGR's broader mandate of strengthening Nigeria's financial ecosystem.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-06-01
Description

EnterpriseNGR serves as an observer member of WAIFC, a global network of financial centers. The partnership includes the Africa Roundtable initiative to boost financial competitiveness in Africa and amplify Africa's global presence. EnterpriseNGR participates in study visits to global IFCs including DIFC, ADGM, and Casablanca Finance City.

8Office of the Vice President of Nigeria
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-10-01
Description

Vice President Yemi Osinbajo served as special guest of honor at EnterpriseNGR's formal launch event (Voices of Enterprise, October 2021), signaling government support for the organization's mandate to transform Nigeria into Africa's leading financial services center.

enterprisengr.com
Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

TheCityUK is the industry-led body representing the UK financial and professional services sector — EnterpriseNGR is explicitly modeled on it. The two share the same mission (collective advocacy, policy engagement, international positioning of the national FPS sector), and they are now formal partners on the LIFC project.

TypeDirect peer
Description

BAFT is an international trade association focused on transaction banking, payments, and trade finance — overlapping EnterpriseNGR's banking and capital markets advocacy work, particularly on cross-border payments and fintech.

TypeRegional player
Description

Kenya Bankers Association is the industry body representing Kenya's banking sector, providing policy advocacy and sector data — the most direct functional peer in another African market where EnterpriseNGR could expand its regional model.

TypeRegional player
Description

Casablanca Finance City is Morocco's IFC promotion authority — a direct regional comparator in the African financial center race, since both Casablanca and Lagos (via LIFC) compete for continental financial hub status.

TypeDirect peer
Description

The IIF is the global association of the financial industry, with similar membership-driven advocacy, research publication (similar to SOE Report), and policy engagement functions — a global peer to EnterpriseNGR's Nigeria-focused advocacy role.

TypeDirect peer
Description

AFME represents European wholesale financial markets and advocates on capital markets, banking, and asset management policy — closely aligned with EnterpriseNGR's wholesale-markets and capital-markets membership (FMDQ, NGX, Chapel Hill Denham, Coronation).

TypeOthers
Description

DIFC is one of the leading international financial centres and an archetype that the LIFC initiative explicitly benchmarks against via study visits. It is an ecosystem peer rather than a direct advocacy competitor.

TypeRegional player
Description

BASA is the representative body of South African banks, focused on advocacy, transformation, and stakeholder engagement — a regional peer serving a more developed African banking market, providing a comparable template.

9SIFMA
TypeDirect peer
Description

SIFMA is the leading US trade association for broker-dealers, asset managers, and securities firms, focused on policy advocacy, market structure, and capital markets competitiveness — directly parallel to EnterpriseNGR's role for the Nigerian FPS sector.

TypeOthers
Description

WAIFC is the global network of financial centres of which EnterpriseNGR is an observer member — a peer ecosystem player rather than a competitor, but comparable in mission to promote international financial centre development.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

EnterpriseNGR

EnterpriseNGR is a Lagos-based, member-led private sector advocacy organization founded in 2021 that promotes an enabling policy environment for Nigeria's Financial and Professional Services sector through research, industry convening, and the Youth of Enterprise internship programme.

What EnterpriseNGR does

EnterpriseNGR is a Lagos-based, member-led private sector advocacy organization founded in October 2021 that promotes an enabling policy environment for the growth and competitiveness of Nigeria's Financial and Professional Services (FPS) sector. The organization brings together roughly 30+ member institutions across banking (Access Bank, Polaris Bank, Providus Bank, Bank of Industry), insurance (Leadway Holdings, Custodian), capital markets infrastructure (FMDQ Group, NGX Group, CSCS), fintech (CowryWise, Sparkle), and professional services (PwC Nigeria, Templars, Banwo & Ighodalo, EY Nigeria) under Chairman Aigboje Aig-Imoukhuede CFR and CEO Obi Ibekwe.

The organization does not develop proprietary technology products. Its service portfolio is built around six primary offerings: (1) the Youth of Enterprise (YOE) Internship Programme, a paid six-month internship that has placed 2,300+ Nigerian youth since 2022 against a 10-year target of 100,000; (2) the annual State of Enterprise (SOE) Report, first published in 2022, providing sector-wide benchmarking with the 2026 edition focused on insurance; (3) the LEAD-P leadership development programme delivered in partnership with AIG Imoukhuede Foundation and the Office of the Head of Civil Service of the Federation; (4) the Lagos International Financial Centre (LIFC) initiative, co-chaired by Governor Babajide Sanwo-Olu and Aigboje Aig-Imoukhuede, with Phase II funded by the UK Government via TheCityUK; (5) the annual InvestLagos international investment summit; and (6) Quarterly Members' Night convenings for C-level executives.

Revenue is generated exclusively through recurring annual membership dues from member organizations; specific pricing tiers are not publicly disclosed. The go-to-market motion is sales-led, relationship-driven direct engagement with C-suite executives, supplemented by event-driven and community-led motions through the YOE programme. The organization is a private limited company (EnterpriseNGR Professional Advocacy Group Ltd/Gte) domiciled in Nigeria, operating from its Victoria Island, Lagos headquarters.

EnterpriseNGR firmographics

Firmographics
Name
EnterpriseNGR
Legal name
EnterpriseNGR Professional Advocacy Group Ltd/Gte
Website
https://enterprisengr.com
Company type
Private
Founded year
2021
Operating status
Operating
Headcount range
11–50 employees
Short description
EnterpriseNGR is a Lagos-based, member-led private sector advocacy organization founded in 2021 that promotes an enabling policy environment for Nigeria's Financial and Professional Services sector through research, industry convening, and the Youth of Enterprise internship programme.
Ownership category
akta.pro rank

Where EnterpriseNGR is headquartered

Location

Headquarters

HQ city
Lagos
HQ country
Nigeria
HQ region
Africa

Offices1 record

Markets served

EnterpriseNGR business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Membership Fees: EnterpriseNGR generates revenue through annual membership fees from organizations in Nigeria's Financial and Professional Services sector. Members include banks, insurance companies, capital markets operators, asset managers, fintech firms, and professional services companies. Membership provides access to policy consultation, high-level networking, regulatory engagement, and brand recognition benefits.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels8 records

EnterpriseNGR product offering

Product offering

Core offering

EnterpriseNGR is a member-led private sector advocacy organization that promotes an enabling policy environment for Nigeria's Financial and Professional Services (FPS) sector. The organization offers annual memberships to financial institutions, insurers, capital markets operators, fintechs, and professional services firms, providing policy consultation, regulatory engagement, high-level networking, research publications, and flagship programmes including the Youth of Enterprise (YOE) Internship Programme and the State of Enterprise annual report.

Product overview

EnterpriseNGR is a member-led private sector advocacy organization that promotes an enabling policy environment for Nigeria's Financial and Professional Services (FPS) sector. Rather than a unified product, the organization offers a portfolio of initiatives including the Youth of Enterprise (YOE) Internship Programme for youth employability, the State of Enterprise (SOE) annual research reports, the LEAD-P leadership development initiative, the Lagos International Financial Centre (LIFC) project, and regular member events including Members' Night and InvestLagos summits. These offerings are complemented by policy advocacy services and industry forums like the Insurance Sector Transformation Consultative Forum.

Differentiator

Problem solved

Functional benefit

Brands

  • Youth of Enterprise (YOE): Flagship internship programme initiative addressing youth unemployment and underemployment in Nigeria by equipping young graduates with employable skills, workplace readiness, and professional competence.
  • State of Enterprise (SOE) Report
  • Lagos International Financial Centre (LIFC)
  • LEAD-P

Quantifiable outcome

  • The Lagos International Financial Centre (LIFC) initiative, with EnterpriseNGR as a key partner, aims to position Lagos as Africa's leading international financial hub, potentially transforming Nigeria's capital mobilization capabilities
  • +3 more outcomes

Companies that use EnterpriseNGR

Customer profile

Named customers11 records

Segments6 records

EnterpriseNGR technology and API

Technology

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

EnterpriseNGR partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core.

  • Commonwealth Enterprise and Investment CouncilcoreStrategic or Co-development Partner · 9 June 2026Strategic partnership for Invest Lagos 3.0, an international investment summit designed to accelerate capital mobilization and expand cross-border trade for Lagos State. The partnership supports Lagos International Financial Centre (LIFC) development and positions Nigeria within the Commonwealth investment network.
  • Lagos State GovernmentcoreStrategic or Co-development Partner · 9 June 2026Key partnership for establishing the Lagos International Financial Centre (LIFC). The LIFC Council is co-chaired by Governor Babajide Sanwo-Olu and EnterpriseNGR Chairman Aigboje Aig-Imoukhuede. Joint initiatives include InvestLagos summits, Lord Mayor's Show participation, and bilateral meetings with international investors and government officials.
  • National Insurance Commission (NAICOM)coreStrategic or Co-development Partner · 5 March 2026Engagement through the Insurance Sector Transformation Consultative Forum 2026. NAICOM Commissioner for Insurance Olusegun Omosehin participated in high-level discussions on regulatory reform, digital transformation, and sector modernization to deepen insurance penetration in Nigeria.
  • EY NigeriacoreStrategic or Co-development Partner · 1 January 2026Collaboration on the 2026 Macroeconomic Outlook report, providing economic analysis and projections for Nigeria's financial sector. EY brings global research methodology and expertise to EnterpriseNGR's thought leadership output.
  • TheCityUKcoreStrategic or Co-development Partner · 1 October 2025Partnership funded by the UK Government to advance the Lagos International Financial Centre (LIFC) project. Phase I (completed) produced a comprehensive report assessing international best practices and identifying Lagos' unique strengths. Phase II focuses on implementation, including securing federal approval, establishing legal frameworks, and delivering capacity-building programmes.
  • AIG Imoukhuede FoundationcoreStrategic or Co-development Partner · 1 June 2024Partnership for the Leadership Enhancement and Development Programme (LEAD-P) in collaboration with the Office of the Head of Civil Service of the Federation (OHCSF). The programme aims to build capacity in Nigeria's Federal Civil Service, developing public sector leadership aligned with EnterpriseNGR's broader mandate of strengthening Nigeria's financial ecosystem.
  • World Alliance of International Financial Centres (WAIFC)coreStrategic or Co-development Partner · 1 June 2024EnterpriseNGR serves as an observer member of WAIFC, a global network of financial centers. The partnership includes the Africa Roundtable initiative to boost financial competitiveness in Africa and amplify Africa's global presence. EnterpriseNGR participates in study visits to global IFCs including DIFC, ADGM, and Casablanca Finance City.
  • Office of the Vice President of NigeriacoreStrategic or Co-development Partner · 1 October 2021Vice President Yemi Osinbajo served as special guest of honor at EnterpriseNGR's formal launch event (Voices of Enterprise, October 2021), signaling government support for the organization's mandate to transform Nigeria into Africa's leading financial services center.

Scale indicators12 records

Recent moves2 records

Expansion highlights5 records

EnterpriseNGR competitors and assessment

Company assessment

Direct peers

  • TheCityUK: TheCityUK is the industry-led body representing the UK financial and professional services sector — EnterpriseNGR is explicitly modeled on it. The two share the same mission (collective advocacy, policy engagement, international positioning of the national FPS sector), and they are now formal partners on the LIFC project.
  • BAFT (Bankers Association for Finance and Trade): BAFT is an international trade association focused on transaction banking, payments, and trade finance — overlapping EnterpriseNGR's banking and capital markets advocacy work, particularly on cross-border payments and fintech.
  • Institute of International Finance (IIF): The IIF is the global association of the financial industry, with similar membership-driven advocacy, research publication (similar to SOE Report), and policy engagement functions — a global peer to EnterpriseNGR's Nigeria-focused advocacy role.
  • AFME (Association for Financial Markets in Europe): AFME represents European wholesale financial markets and advocates on capital markets, banking, and asset management policy — closely aligned with EnterpriseNGR's wholesale-markets and capital-markets membership (FMDQ, NGX, Chapel Hill Denham, Coronation).
  • SIFMA: SIFMA is the leading US trade association for broker-dealers, asset managers, and securities firms, focused on policy advocacy, market structure, and capital markets competitiveness — directly parallel to EnterpriseNGR's role for the Nigerian FPS sector.

Regional players

  • Kenya Bankers Association: Kenya Bankers Association is the industry body representing Kenya's banking sector, providing policy advocacy and sector data — the most direct functional peer in another African market where EnterpriseNGR could expand its regional model.
  • Casablanca Finance City Authority: Casablanca Finance City is Morocco's IFC promotion authority — a direct regional comparator in the African financial center race, since both Casablanca and Lagos (via LIFC) compete for continental financial hub status.
  • Banking Association South Africa (BASA): BASA is the representative body of South African banks, focused on advocacy, transformation, and stakeholder engagement — a regional peer serving a more developed African banking market, providing a comparable template.

Others

  • Dubai International Financial Centre (DIFC): DIFC is one of the leading international financial centres and an archetype that the LIFC initiative explicitly benchmarks against via study visits. It is an ecosystem peer rather than a direct advocacy competitor.
  • World Alliance of International Financial Centres (WAIFC): WAIFC is the global network of financial centres of which EnterpriseNGR is an observer member — a peer ecosystem player rather than a competitor, but comparable in mission to promote international financial centre development.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

EnterpriseNGR social profiles

Digital presence

EnterpriseNGR financial estimates

Financial estimate

Revenue estimate

Valuation estimate

EnterpriseNGR leadership team

Management profile

Number of profiles

EnterpriseNGR funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

EnterpriseNGR M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EnterpriseNGR

What does EnterpriseNGR do?

EnterpriseNGR is a member-led private sector advocacy organization that promotes an enabling policy environment for Nigeria's Financial and Professional Services (FPS) sector. The organization offers annual memberships to financial institutions, insurers, capital markets operators, fintechs, and professional services firms, providing policy consultation, regulatory engagement, high-level networking, research publications, and flagship programmes including the Youth of Enterprise (YOE) Internship Programme and the State of Enterprise annual report.

Is EnterpriseNGR a public or private company?

EnterpriseNGR is a private company. It is currently operating.

When was EnterpriseNGR founded?

EnterpriseNGR was founded in 2021. It employs 11 to 50 people.

Where is EnterpriseNGR based?

EnterpriseNGR is headquartered in Lagos, Nigeria, in the Africa region.

How does EnterpriseNGR make money?

One revenue line is on record: membership Fees.

Who are EnterpriseNGR's main competitors?

Direct peers on record are TheCityUK, BAFT (Bankers Association for Finance and Trade), Institute of International Finance (IIF), AFME (Association for Financial Markets in Europe) and SIFMA. Regional players are Kenya Bankers Association, Casablanca Finance City Authority and Banking Association South Africa (BASA). Others are Dubai International Financial Centre (DIFC) and World Alliance of International Financial Centres (WAIFC).

Does EnterpriseNGR have an API?

No public API is recorded for EnterpriseNGR.

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Live signals
ThenationonlinengReport identifies financial services sector as key driver of Nigeria’s economyEnterpriseNGR launched its State of Enterprise Report 2026, identifying Nigeria's Financial and Professional Services sector as a major economic driver. The report cites deposit money bank assets at N180.37 trillion (41.8% of GDP) and insurance contributions of N1.50 trillion in company income tax. It also notes fintech's position as Africa's leading hub with over 500 companies valued at $10.6 billion.Daily TrustDeposit Money Banks’ total assets rose to N180.37 – EnterpriseNGR ReportEnterpriseNGR's State of Enterprise Report 2026 found Deposit Money Banks' total assets rose to N180.37 trillion, 41.8% of Nigeria's GDP. The FPS sector contributed N1.50 trillion to company income tax, 30% of total CIT, and the NGX All-Share Index gained 51.19% in 2025.BusinessdayEnterpriseNGR report spotlights Nigeria’s financial, professional services sector as engine of growthEnterpriseNGR released its State of Enterprise Report 2026 in Lagos on July 2, providing a comprehensive assessment of Nigeria's Financial and Professional Services sector, which the report identifies as a key driver of reform-led growth and capital mobilisation. The sector demonstrated strong resilience amid challenging macroeconomic conditions, with Deposit Money Banks' total assets reaching N180.37 trillion, financial and insurance activities contributing N1.50 trillion (30 percent) to Company Income Tax collections, and the NGX All-Share Index rising 51.19 percent in 2025. The report also highlights that Nigeria retained its position as Africa's leading fintech hub with over 500 fintech companies valued at over $10.6 billion, while identifying structural gaps including limited financial inclusion and low insurance penetration requiring further action.Vanguard NewsExperts seek sector reforms to deepen insurance penetration in NigeriaExperts at the Insurance Sector Transformation Consultative Forum 2026, convened by EnterpriseNGR, called for stronger regulation, improved public awareness and digital distribution channels to deepen insurance coverage in Nigeria. The forum highlighted that Nigeria's insurance sector contributes less than one percent of GDP compared to three to 11 percent in several African countries, with officials noting that reaching three percent penetration would triple the sector. The Nigerian Insurance Industry Reform Act 2025 was recently passed to modernize the industry, and speakers emphasized that the sector must support the government's ambition of building a one trillion dollar economy.TradingViewZAWYA-SNG: Fintech digital payments to add $6bln to Nigeria’s GDP in 2026 —EnterpriseNGRNigeria's fintech and digital payments sector is projected to contribute $6 billion to GDP in 2026, with overall real GDP growth expected to reach 4.4%, driven by services-led expansion and improved foreign exchange conditions, according to EnterpriseNGR's 2026 Macroeconomic Outlook developed with EY. The report highlights Nigeria's position as Africa's fintech capital, with digital payment platforms processing N1.08 quadrillion in transactions in 2024, representing a 79% year-on-year increase, and identifies Open Banking guidelines and fintech consolidation as key trends for 2026. Notable consolidation activity includes Flutterwave's acquisition of Mono and Paystack's acquisition of Ladder Microfinance Bank, signaling increased M&A as larger players scale their infrastructure.