MSMEs in Nigeria doubled in 2yrs –Fidelity Bank MD

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…

0 Comments

CBN’s MSME Fund Boost Activities in Enugu

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…

0 Comments

NSE, Ciuci to Recognise 10 Thriving Enterprises

The Nigerian Stock Exchange (NSE), and Ciuci Consulting, a leading strategy and consumer intelligence company has announced the launch of the Nigeria Business Composite 10 (NiBC 10) which will take place on Tuesday. The NIBC 10 is a selection of 10 successful Nigerian enterprises that have exhibited high potentials for…

0 Comments

CBN, banks bicker over slow disbursement of SMEs funds

The Central Bank of Nigeria (CBN)  and lenders involved in the disbursement of N220 billion Small, Medium Enterprises (SMEs) funds to small businesses have traded blames over the slow pace of the disbursement of the funds. The Group Head, Specialised SMEs of Fidelity Bank, Mr Ndubuisi Onuoha blamed the CBN…

0 Comments

NAIRA DEPRECIATES MARGINALLY AGAINST DOLLAR

The Naira on Thursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar.The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and N436. At…

0 Comments

Tony Elumelu Entrepreneurs To Receive Tech Support From Microsoft

Microsoft, through its 4Afrika Initiative, has collaborated with the Tony Elumelu Foundation (TEF) to provide entrepreneurs in the TEF Entrepreneurship Programme with technology-based tools, resources and mentorship. Through this support – which will benefit TEF entrepreneurs across the continent – the two organisations will help entrepreneurs effectively use ICT to…

0 Comments