The Federal Government recently said that, working with over 4,000 agents, it has disbursed Trademoni to the tune of N12 billion to over 1.5 million Nigerians in over 2,600 markets and clusters across the 36 states and the FCT. According to the Executive Director, Micro Enterprises , Bank of Industry (BoI), Mrs. Toyin Adeniji, about […]
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The Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr Dikko Umaru-Radda, has said MSMEs represent 96 per cent of business activities in the county. Umaru-Radda said this in Bauchi at the unveiling of the Conditional Grant Scheme (CGS). Making reference to a survey, he said 37 million MSME engaged 59.7 million […]
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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 […]
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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 […]
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The Managing Director/Chief Executive, Bank of Industry (BoI), Mr. Olukayode Pitan yesterday disclosed that the sum of ₦2.8 billion had been disbursed to entrepreneurs in Kaduna State. He said over 280 small and medium scale enterprises (SMEs) and 20,550 MSMEs benefited from the intervention in the state. Speaking at the 20th edition of National Micro, […]
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Lagos State Governor, Akinwunmi Ambode, has advised operators of micro, small and medium scale enterprises (MSMEs) to maintain relevance in the ever-dynamic market by producing qualitative globally, competitive consumables and exportable products and services. He noted that globalisation and changing consumer experiences, make it imperative that MSMEs keep abreast of competition and maintain relevance. The […]
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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 […]
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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 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 […]
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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 […]
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The Development Bank of Nigeria has shortlisted nine financial institutions through which its intervention fund will be disbursed to entrepreneurs in the Micro, Small and Medium Enterprises sector. They are five commercial banks, Wema Bank, Ecobank, Sterling Bank, Diamond Bank and Fidelity Bank; and four microfinance banks made up of MicroCredit, Infinity, Busack and Fortis. […]
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The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country. Emefiele said while delivering a welcome address at the 9th annual Bankers Committee Retreat in Lagos. According to him, the measure will […]
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