A cumulative of 154,827 micro, small and medium scale enterprises (MSMEs) have used movable assets valued at ₦1.561 trillion to obtain loans from financial institutions since the National Collateral Register (NCR) was passed into law, THISDAY’s investigation has revealed. The latest NCR report obtained by THISDAY showed that a breakdown of the amount recorded between […]
Read More
Vice President, Professor Yemi Osinbajo, has launched TraderMoni, a component of the National Social Investment Programme (NSIP), in Benin City, the Edo State capital, promising the Federal Government’s unwavering support for micro businesses across the country. The Vice President, accompanied by Edo State Governor, Mr. Godwin Obaseki, and members of the state Executive Council at […]
Read More
Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently. To this end, the bank said MSMEs and businesses in all segments can access up to N153 million and N610 million, respectively, from the bank. A statement by […]
Read More
The Nigerian Export Promotion Council (NEPC) and Nigerian Export Import Bank (NEXIM) have certified some products made by Micro, Small and Medium Enterprises’ (MSMEs) suitable for export. The agencies gave the certification at an exhibition held for MSMEs that were shortlisted for the maiden National MSMEs Awards in Abuja last week. Chief Executive Officer, NEPC, […]
Read More
Vice President, Prof. Yemi Osinbajo and Lagos State Governor Akinwunmi Ambode are expected to lead other dignitaries today for the inauguration of the Micro, Small and Medium Enterprises, MSMEs, Clinic in Lagos. State’s Commissioner for Commerce, Industry and Cooperatives, Mrs. Olayinka Oladunjoye, who disclosed this, yesterday, said the two-day event, billed to commence today at […]
Read More
Nigeria’s Acting President Yemi Osinbajo will on Tuesday inaugurate the Lagos edition of the National Micro, Small and Medium Enterprises (MSME) Clinic. Mrs Olayinka Oladunjoye, the state Commissioner for Commerce, Industry and Cooperatives, disclosed this on Sunday in a statement signed by Babasola Ogunmosunle, Public Relations Manager in the ministry. Oladunjoye said that the two-day […]
Read More
The Bank of Industry has secured a $750 million facility from 17 financial institutions to fund the Micro, Small and Medium Enterprises sector of the economy. The syndicated facility will be given by the 17 banks to the BoI to boost its funding of MSMEs in the country. Some of the lenders that will provide […]
Read More
The National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), will soon commence Micro, Small and Medium Enterprises (MSMEs) survey to boost economic planning and development. The Statistician-General of the Federation and Chief Executive Officer, NBS, Dr Yemi Kale, said this at a workshop on MSMEs […]
Read More
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo, will visit the commercial city of Onitsha on Thursday this week for a two-day Anambra MSME Clinic, which starts on Wednesday, April 11, 2018. The event, which will hold at the All Saints Cathedral, Onitsha, will feature two segments of activities – open […]
Read More
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has assured financial products consumers in the country of adequate protection as a bill to empower them would soon be presented to the National Assembly. According to Emefiele, who stated this Thursday in Lagos at the 10th anniversary strategic review meeting on the […]
Read More
Fidelity Bank Plc has been awarded the “SME Friendly Bank of the Year 2017” in recognition of its support for Micro Small Medium Enterprises (MSMEs) in Nigeria. The accolade, which was bestowed upon Fidelity Bank Plc at the 2017 Lagos Chamber of Commerce & Industry (LCCI) Awards, is a clear testament of the bank’s resolve […]
Read More
The Standards Organisation of Nigeria (SON), National Agency for Food, Drug Administration and Control (NAFDAC), Corporate Affairs Commission (CAC) and the Bank of Industry (BoI), among other agencies, have been declared as key to the effective implementation of the Executive Order on the Ease of Doing Business in Nigeria. The Acting President, Prof. Yemi Osinbajo, […]
Read More
