CAC registration: SMEDAN assists 14,000 MSMEs in 2017

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:May 8, 2018
  • Reading time:3 mins read

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) said it assisted about 14,000 Micro Small and Medium Enterprises (MSMEs) operators in Nigeria to formalise their businesses through registration with Corporate Affairs Commission (CAC) and opening of bank accounts. Director General of SMEDAN, Dr. Dikko Umaru Radda, who disclosed…

Continue ReadingCAC registration: SMEDAN assists 14,000 MSMEs in 2017

FIRS, SMEDAN to increase voluntary tax compliance by MSMEs

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:April 27, 2018
  • Reading time:2 mins read

The Federal Inland Revenue Service, the Joint tax Board and the Small and Medium Enterprises Development Agency of Nigeria have entered into a partnership to improve the level of voluntary tax compliance by operators in the Micro, Small and Medium Enterprises sector. The collaboration was sealed during a meeting that…

Continue ReadingFIRS, SMEDAN to increase voluntary tax compliance by MSMEs

Wema Bank secures $35m facilities to fund SMEs

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:April 10, 2018
  • Reading time:2 mins read

Wema Bank Plc said it has secured $35 million facilities from two international lenders to grow financial support to small and medium-scale enterprises, SMEs in Nigeria. In a statement, the bank said it signed a $15 million Line of Credit agreement with African Development Bank, AfDB which has already been…

Continue ReadingWema Bank secures $35m facilities to fund SMEs

MSMEs financing: BOI deepens relationship with BDSPs

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:April 4, 2018
  • Reading time:3 mins read

In a bid to deepen financing of Micro, Small and Medium Enterprises, MSMEs, in Nigeria, the Bank of Industry, BoI said it has set up mechanism to improve relationship with its over 200 Business Development Support Providers, BDSPs across the country. Managing Director of BoI, Mr. Kayode Pitan, said at…

Continue ReadingMSMEs financing: BOI deepens relationship with BDSPs

MSMEs in Nigeria doubled in 2yrs –Fidelity Bank MD

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:February 2, 2018
  • Reading time:3 mins read

THE number of Micro, Small and Medium Enterprises (MSMEs) operating in Nigeria doubled over two years between 2011 and 2013, from 17.9 million to 39 million. Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, stated this at a Business, Entrepreneurship, Empowerment and Professionalism (BEEP) Conference 1.0 organised by Flame Academy…

Continue ReadingMSMEs in Nigeria doubled in 2yrs –Fidelity Bank MD

CBN’s MSME Fund Boost Activities in Enugu

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:October 3, 2017
  • Reading time:2 mins read

The Central Bank of Nigeria (CBN) has expressed satisfaction with the management of the N2billion micro, small and medium scale enterprises development fund (MSMEDF) loan to Enugu State by Governor Ifeanyi Ugwuanyi. The Deputy Director of the Development Finance Department of the apex bank, Mr. Osita Nwanisiobi spoke when he…

Continue ReadingCBN’s MSME Fund Boost Activities in Enugu