Africa-focused Fin Tech Company Flutterwave Now Valued At $1Billion

An Africa-focused fin tech company, Flutterwave dropped a bombshell and announced on Wednesday that they secured $170 million from a leading group of international investors to expand its customer base in existing and international markets and to develop new products.

Continue ReadingAfrica-focused Fin Tech Company Flutterwave Now Valued At $1Billion

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

NSE, Ciuci to Recognise 10 Thriving Enterprises

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:September 28, 2017
  • Reading time:4 mins read

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…

Continue ReadingNSE, Ciuci to Recognise 10 Thriving Enterprises

CBN, banks bicker over slow disbursement of SMEs funds

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:September 26, 2017
  • Reading time:3 mins read

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…

Continue ReadingCBN, banks bicker over slow disbursement of SMEs funds

NAIRA DEPRECIATES MARGINALLY AGAINST DOLLAR

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:September 22, 2017
  • Reading time:1 mins read

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…

Continue ReadingNAIRA DEPRECIATES MARGINALLY AGAINST DOLLAR

Tony Elumelu Entrepreneurs To Receive Tech Support From Microsoft

  • Post author:
  • Post category:News
  • Post comments:0 Comments
  • Post last modified:September 22, 2017
  • Reading time:2 mins read

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…

Continue ReadingTony Elumelu Entrepreneurs To Receive Tech Support From Microsoft