Home Topics Small and Medium Enterprises

Small and Medium Enterprises

Central bank injects $325.5 million into retail market

The Central Bank of Nigeria (CBN) has injected $325.5million in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.
Lidya

Nigeria’s Lidya plans $1.1 billion SMEs loans for Czech, Poland

Nigerian fintech lending platform, Lidya, is targeting Poland and the Czech Republic for expansion after providing thousands of loans in Nigeria, seeing an opportunity in the funding gaps facing small enterprises in fast-growing European economies.

Industrialist traces youth unemployment to poor energy situation

An industrialist, Alhaji Ganiu Adelani, Chairman/CEO, Adeirorun Enterprises Nigeria Limited, has traced the high level of youth unemployment to the poor state of energy supply, which he said has been stalling industrial growth and other small and medium enterprises (SMEs) that would have provided massive employment in the country.g

Central bank sends strong message to banks on giving loans

The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019 deadline.

Anambra governor presents N137.1 billion budget proposal for 2020

Governor Willie Obiano of Anambra State on Thursday presented a budget proposal of N137.1 billion for 2020 to the State House of Assembly for approval.

Central bank empowers over a million farmers through anchor borrowers programme

The Central Bank of Nigeria (CBN) says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme (ABP)g
President Muhammadu Buhari with Governors Godwin Obaseki, Dapo Abiodun and Babajide Sanwo-Olu in New York

UNGA: Lagos governor pursues investment in electricity, health, others

Governor Babajide Sanwo-Olu has said that 9,000 megawatts is the amount of energy required to transform Lagos State economy.

Central bank Injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.

Chamber: Abuja trade fair to feature 45 foreign companies

The Abuja Chamber of Commerce and Industry (ACCI) says the forthcoming 2019 Abuja International Trade Fair will feature 45 foreign companies to strengthen businesses, trade and investment opportunities in the country.

Forex: Central bank intervenes with $321.11 million, CNY33.3 million

The Central Bank of Nigeria (CBN) on Friday said it made another intervention in the Retail Secondary Market Intervention Sales (SMIS) with the injection of about $321 million.
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).
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Ogun governor announces reform on ease of doing business

Ogun State Governor, Dapo Abiodun, on Wednesday said his administration has introduced some reform initiatives that would help reduce bureaucratic bottleneck and improve ease of doing business in the state.

Central bank alerts on fraudulent loan schemes

The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government.

NCC harps on robust infrastructure to boost innovation

The Nigerian Communications Commission (NCC) says robust telecommunications/broadband infrastructure is fundamental baseline to engender innovations that will drive economic growth in Nigeria.
Saratu Iya Aliyu

Ministers should not learn on the job – NACCIMA chief

Speaking on the factors that should determine, who heads the Ministry of Finance, National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Hajiya Saratu Aliyu, said Nigerians do not want someone who would learn on the job.

SMEDAN plans to enhance SMEs growth in South-East

Chief Egwu Chima, South-East board member in the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says the agency is committed to promoting growth of Small and Medium Enterprises in the zone.
Vice President Yemi Osinbajo attended a church service on Sunday at the RCCG Regional Parish in New York, United States, where he gave a sermon and also prayed fervently for Nigeria 3

Federal government to inject $300 million in 5,000 AgriSMEs

The Federal Government has earmarked the sum of $300million (about N110billion) as a support initiative for about 5,000 Small and Medium Enterprises (SMEs) in the agribusiness.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank: We granted N37 billion in loans to SMEs in 2018

Access Bank Plc has said it granted up to N37 billion in loans to its Small and Medium Enterprises (SMEs) customers in 2018.

Recent Stories

Trials of Abdulrasheed Maina, son begin Friday

The Economic and Financial Crimes Commission will formally arraign alleged pension looter, Abdulrasheed Maina, on Friday.

2020 Budget: Senator Ndume, General Buratai, others in closed door meeting

The National Assembly Joint Committee on Army on Tuesday met with the leadership of the Nigerian Army behind closed doors at the Defence Headquarters Abuja.

ICPC declares Okoi Obono-Obla wanted

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has declared Okoi Obono-Obla, former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP) wanted.
National Population Commission - NPC - NPopC

NPC: More children are dying in Bauchi, Gombe

The National Population Commission (NPC) has decried high level of infants death in Bauchi and Gombe states, saying the Child mortality rate is on the higher level across the country.

38,000 people die from tobacco, alcohol in Sri Lanka annually

About 38,000 people have been reported dead from the excessive use of alcohol and tobacco in Sri Lanka yearly, local media reports, quoting medical experts from the Sri Lanka Medical Association.