Women entrepreneurs in Nigeria who desire affordable and convenient funding to boost their respective businesses, can now do so. This is because Women in Business at First City Monument Bank Limited (FCMB) are set to launch a proposition that offers zero-interest rate on loans to small and medium scale enterprises (SMEs). The development is in […]
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Syntaxis Capital Africa has partnered with Afrinvest Asset Management Limited to launch a ₦12 billion private equity fund, designed to meet the funding needs of Small and Medium Enterprises (SMEs) in the country including selected countries in Sub-Saharan Africa. The growth fund would cover a variety of sectors including manufacturing, agri-processing, healthcare, education and non-banking […]
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The Managing Director of Bank of Industry (BoI), Olukayode Pitan, has disclosed that the partnership between the Bank and some state governments have enhanced lending to small and medium sized enterprises (SMEs) across the country to the tune of over ₦20 billion in 2018. Speaking with THISDAY in an interview in Cairo, Egypt, Pitan stated […]
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Twenty Small and Medium Enterprises (SMEs) have received N6 million boost from Life Continental Lager Beer development initiative tagged, Life Progress Booster. Portfolio Manager, Mainstream Lager and Stout Brands, Emmanuel Agu reiterating the brand’s commitment to the initiative said the scheme is designed to help SMEs grow by providing non refundable grants to entrepreneurs. He […]
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The Managing Director, Jaiz Bank Plc, Hassan Usman has said the bank would soon begin the disbursement of the $20 million facility for operators in the Small and Medium Enterprises sector of the economy. He said this on Thursday in Abuja during a chat with journalists. The bank had in March signed the agreement with […]
Read More Conscious of the reality that small, medium-sized enterprises (SMEs) entrepreneurs and start-ups are critical drivers of economic growth, Nigeria will this year emphasise their participation in the International Telecommunications Union (ITU) Telecom World, which holds in Durban, South Africa, from September 10 to 13. Apart from SMEs, innovators and their innovations are also slated to […]
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Thousands of Small and Medium Enterprises (SMEs) and start-ups in Lagos are expected to showcase their innovations and businesses at the 2018 edition of Megacity Fair. The trade fair, which will hold at the weekend in Lagos, is currently in its second edition and aims to bring together start-ups and SMEs closer to a ready-made […]
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No fewer than 500 Small and Medium operators across the country have benefitted from the Central Bank of Nigeria (CBN) ₦220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF), as Fidelity Bank Plc says it has disbursed the sum of ₦2.5 billion to operators in the sector. Mr Nnamdi Okonkwo, the bank’s Managing Director/ […]
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The Federal Government is targeting an annual savings of ₦2.6bn for Micro, Small and Medium Enterprises in registration costs to start their businesses. The move is part of measures to improve the business environment and make Nigeria an easier place for businesses to thrive. Details of the savings are contained in the Executive Order, which […]
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The Bank of Industry has signed a Memorandum of Understanding with three international development partners for the growth of the country’s agricultural sector. The pact, which would enable the bank provide up to N10bn to the Small and Medium Enterprises in the agricultural sector, was sealed in Abuja. Speaking at the event, the Acting Managing […]
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