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Micro Small and Medium Enterprises

The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

VP Osinbajo: Federal government to establish 37 MSMEs clusters across Nigeria

Vice President Yemi Osinbajo says the Federal Government has commenced the process of stashing clusters for small businesses in the 36 states of the federation and the FCT.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

VP Osinbajo shifts base to Kebbi for MSME Clinics

The 24th edition of the Micro, Small and Medium Enterprises (MSME) Clinics will hold on Thursday in Kebbi with Vice President Yemi Osinbajo in attendance.

Keystone Bank partners Google, Facebook on digital marketing for MSMEs

In demonstration of its commitment to consistently promote and support the growth and development of the real sector, Keystone Bank Limited has embarked on a series of capacity building training in digital marketing and bookkeeping for its micro, small and medium enterprises (MSME) customers across the country.
Bank of Industry (BoI)

BoI disburses $2.4 billion to two million SMEs

The Board Chairman, Bank of Industry (BoI), Aliyu Dikko, on Thursday said the lender has provided financial support worth N678 billion ($2.4 billion) to over two million Small and Medium Enterprises (SMEs).
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Micro pension plan, grassroots campaigns lift assets to N9.33 trillion

The rising acceptance of micro pension scheme being driven by the National Pension Commission (PenCom), has led to steady rise in pension assets. The pension funds grew from N9.12 trillion in April to N9.33 trillion in June 2019, indicating a N21 billion increase.

NASSI backs federal government’s planned forex restriction on dairy products

The Nigerian Association of Small Scale Industrialists (NASSI) has said that forex restriction on imported dairy products would uphold indigenous companies into milk processing and spur local production.
Abdulrahman Abdulrazaq

Kwara ex-public officials may face trial over sales of government property

Governor AbdulRahman AbdulRazaq of Kwara State warned on Friday that government may institute legal action against some immediate past public office holders over alleged illegal sales of government property.
Governor-elect of Kwara, Alhaji Abdulrahman Abdulrazaq, has pledged that his administration will be accountable to the people and will not steal or loot the state’s treasury.

Committee investigating sale of Kwara assets submits report

The Kwara State Governor, AbdulRahman AbdulRazaq, on Friday said recommendations of the committee on sale of public assets may be tested in the court in a bid to get justice for the people of the state.

Fidelity Bank’s loan-to-deposit ratio hits 80%

In line with its mandate of growing its customer base and the Micro Small and Medium Enterprises (MSMEs) sub-sector, Fidelity Bank of Nigeria Plc on Thursday said its loan to deposit ratio is well over 80 per cent, confirming its robust support for Nigerian entrepreneurs.

NASSI partners centre to boost MSMEs in Nigeria

The Nigerian Association of Small Scale Industrialists (NASSI), says it is partnering with the Centre for International Private Enterprise (CIPE), U.S.A, to improve Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

Fidelity Bank: We’ve disbursed N9.6 billion to MSMEs

Fidelity Bank Plc says it has disbursed N9.6 billion to Micro-Small and Medium Enterprises (MSMEs), from the Development Bank of Nigeria (DBN) fund being administered by participating deposit money banks.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank’s collateral-free loan targets 30, 000 MSMEs in 2019

Access Bank Plc is offering collateral-free financing support targeting 30, 000 Micro, Small, and Medium Enterprises (MSMEs) this year alone.
Vice President Yemi Osinbajo stated this at the end of a four week-training for 1500 youths who participated in the N-Creative programme held in Benin.

VP Osinbajo: Nigeria’s future bright

Corporate Affairs Commission, CAC, Vice President, Yemi Osinbajo, has again reassured that Nigeria’s future is bright going by the progress being made by the Micro, Small and Medium Enterprises (MSMEs).
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

AfCFTA: President Buhari approves establishment of national action committee

President Muhammadu Buhari has approved the establishment of a National Action Committee (NAC) for implementation of African Continental Free Trade Area (AfCFTA) Agreement, which he signed on behalf of Nigeria at the 12th Extraordinary Session of the African Union Heads of State on 7th July 2019, in Niamey, Republic of Niger.

Ondo partners Facebook for business prospect

Ondo state government has reaffirmed its commitment to providing support for its residents as it partnered Facebook through its partners, 360 media to organize a capacity building training on digital marketing for Micro, Small and Medium Enterprises (MSME) owners in the state.

Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.
National Bureau of Statistics NBS

Medium scale enterprises drop by 60 per cent – survey

A report by the National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has indicated that Medium scale enterprises dropped significantly by about 60 per cent, due to economic recession that spanned through 2017.
National Bureau of Statistics NBS

NBS: MSMEs generated 60 million jobs in 2017

The National Bureau of Statistics (NBS), has put the quantum of jobs created by Micro, Small and Medium Enterprises (MSMEs) at 59,647,954 jobs as of December 2017, stressing that five per cent or 2,889,715 of those jobs were created by Small and Medium Enterprises (SMEs).

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