The United Nations Industrial Development Organisation is set to empower over 500,000 Small and Medium Enterprises, especially operators in the non-oil sector, with adequate skills to enhance their operations and contribute significantly to the nation’s Gross Domestic Product in the next two years. The Chief Technical Adviser, Investment Promotion Division, United Nations Industrial Development Organisation, […]
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Ecobank Nigeria says operators of the Small and Medium Enterprises in the country can approach the bank for their foreign exchange needs for importation. This, it said, was in line with Central Bank of Nigeria’s recent directive to banks to support the SMEs with forex for import. The Head, SME Commercial Banking, Ecobank Nigeria, Mr. […]
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The African Development Bank (AfDB) has called on financial credit providers to increase lending to Micro, Small and Medium Enterprises (MSMEs) in Africa to 135 billion U.S. dollars. A statement issued by Mr Emeka Anuforo, the Communications Officer of the Bank, in Abuja on Wednesday said that increasing affordable loans would promote the growth of […]
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The market capitalisation for the Small and Medium Enterprises quoted on the floor of the Nigerian Stock Exchange stood at ₦11.464bn ($37.4m) as of the first quarter of 2017, findings by our correspondent have shown. The SMEs are classified under the Alternative Securities Market segment of the bourse, which is the Exchange’s specialised board for […]
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The Federal Government on Thursday said it would mobilise the sum of N2.5bn annually as equity investment through qualified fund managers for Small and Medium Enterprises under the Youth With Innovation Entrepreneurship programme. The development was confirmed in a statement by the Ministry of Finance and signed by the Director of Information in the ministry, […]
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National telecommunications operator, Globacom, has restated its commitment to the growth of the Small and Medium Enterprises (SMEs) in the country, describing them as the economic catalysts for the leading nations of the world. The company said at the Nigerian-American Chamber of Commerce’s 2017 African Foods and Products Conference which it sponsored over the weekend […]
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Sterling Bank Plc and LEAP Africa have collaborated to enhance the growth of the Small and Medium-scale Enterprises, and by extension, the economy. The Chief Marketing Officer, Sterling Bank, Mr. Henry Bassey, said the partnership between the lender and LEAP Africa was designed to enhance business growth. Bassey spoke at a joint press conference organised […]
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The National Agency for Food, Drug Administration and Control (NAFDAC) says it has waived 50 per cent on registration fee for locally manufactured products to promote Small and Medium Scale Enterprises (SMEs). The NAFDAC spokesperson, Dr Abubakar Jimoh, told the News Agency of Nigeria (NAN) in Abuja on Friday that the measure would go a […]
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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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Chairman, First Bank of Nigeria Limited, Mrs. Ibikun Awosika has challenged entrepreneurs to invest in businesses that can be competitive both nationally and globally. Awosika disclosed this during the company’s 2017 Small and Medium Enterprises (SMEs) Conference, in partnership with Lagos Business School, with the theme, ‘Made in Nigeria: Driving Productivity & Competitiveness’. She said […]
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The Central Bank of Nigeria on Tuesday wielded the big stick on 16 Deposit Money Banks as it stopped them from participating in the Small and Medium-scale Enterprises window of the foreign exchange market. The apex bank said this in a statement issued by its Acting Director, Corporate Communications Department, Mr. Isaac Okorafor. He said […]
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Out of the N220 billion earmarked for the Small and Medium Enterprises (SMEs) by the Central Bank of Nigeria (CBN), Fidelity Bank has so far disbursed N2.2 billion to the beneficiaries. According to its Managing Director, Mr. Nnamdi Okonkwo, who disclosed this Tuesday in Lagos during its radio programme, Fidelity SME Forum, which hosted Mrs. […]
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