The impact of Nigeria’s currency swap deal on SMEs

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  • Post last modified:July 19, 2018
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The Central Bank of Nigeria is meeting exporters, regulators and other stakeholders to enlighten them on the details of the $2.5 billion currency deal between the CBN and the People’s Bank of China on Wednesday. But how will this deal impact small and medium enterprises in the country? Chizoba Iheme,…

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Financial illiteracy, bane of Nigeria’s MSMEs — Minister

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  • Post last modified:July 16, 2018
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Minister of State for Industry,Trade and Investment, Aisha Abubakar, has said that financial illiteracy remains the bane of Micro, Small and Medium Enterprises (MSMEs) in Nigeria. Abubakar stated this at the FATE Foundation 4th Policy Dialogue Series on Entrepreneurship, in Abuja, with the theme, “Building Sustainable Businesses: The Case for…

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Heritage Bank to boost SMEs’ growth

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  • Post last modified:July 9, 2018
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Heritage Bank Plc says it plans to boost the capacity of the Small Medium Enterprises through its annual entrepreneurial reality show, tagged ‘The Next Titan’. The Divisional Head, Corporate Communications, Heritage Bank, Fela Ibidapo, while speaking at a press conference in Lagos on Saturday, said the fifth season of the…

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NASME, NASSI fault proposed 5% tax-cut for MSMEs

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  • Post last modified:June 25, 2018
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Operators in the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the economy have faulted the planned five percent reduction in tax payable by small businesses in the country, claiming the reduction will have little or no impact on the sector. Recall that the Minister of Finance, Mrs. Kemi Adeosun,…

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FG to tackle SME challenges with industrial clusters

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  • Post last modified:June 22, 2018
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The Federal Government is planning to tackle challenges faced by Small and Medium Enterprises (SMEs) through development of industrial clusters, with particular regard to accessing work space and common amenities like internet access, water, power, roads etc. Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, stated this…

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Skystone set to support SMEs with innovative products

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  • Post last modified:June 14, 2018
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Skystone Capital and Investment Limited, formerly Nexus Credits, has pledged to support Small and Medium Enterprises (SMEs) with innovative lending practices, increased access to financial services and client support, following its approval by the Central Bank of Nigeria (CBN). Speaking during the unveiling of the company, in Lagos, the Managing…

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STEP tech entrepreneurs project unveiled

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  • Post last modified:June 12, 2018
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Serial entrepreneur and founder of leading digital outdoor advertising company, Loatsadpromomedia, Seyi Tinubu, is launching his new CSR initiative aimed at providing seed funding and mentorship to some of Nigeria’s brightest tech entrepreneurs. The STEP initiative is under the umbrella of the Noella Foundation, a non-profit organisation, focused on providing…

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Microsoft, First Bank empower SMEs

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  • Post last modified:June 11, 2018
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Microsoft and First Bank of Nigeria Limited are collaborating to empower and create an enabling environment for Small and Medium Enterprises in the country to thrive and find more creative ways to solve their business growth challenges. According to a statement from Microsoft, this is a way of furthering technology…

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Bank unveils auto loan scheme for SMEs

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  • Post last modified:June 4, 2018
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Sterling Bank Plc has unveiled an automobile finance partnership deal with Tata Africa Services Limited to provide easy and affordable facility for Small and Medium Scale Enterprises (SMEs), which will enable them acquire various brands of vehicles and spare parts from the auto company. At the unveiling ceremony by senior…

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MSMEs crucial for economic growth, devt

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  • Post last modified:May 31, 2018
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The Nigerian-American Chamber of Commerce (NACC) has emphasized that micro small medium enterprises (MSMEs) are crucial for economic growth and development of the country. President of NACC, Chief Olabintan Famutimi, stated this at the 2nd Edition of the African Food and Products Exhibition and Conference organised by the Chamber,  themed:…

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