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SMEs

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

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).

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
China's Yuan

Nigeria-China currency swap: Manufacturers groan over Renminbi access

Almost 70 per cent of Nigeria’s imports come from China and other Asian countries, while a paltry 12 per cent comes from the United States of America. This must have, no doubt, influenced the decision of the Federal Government to negotiate a currency swap deal with China.

Federal government charges new SEC board to sanitize capital market

The Federal Government on Monday inaugurated the reconstituted Board of the Securities and Exchange Commission (SEC), changing the new members to provide effective leadership in the capital market.
Small and Medium Enterprises (SMEs)

Institute charges SMEs to imbibe good corporate governance

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), has urged Small and Medium Enterprises (SMEs) to imbibe principles of good corporate governance to achieve sustainability and succession planning.
Photos- President Buhari participates in Swearing-In Ceremony at the Eagle Square in Abuja on 29th May 2019 3

President Buhari: National interest will guide decision on AFCFTA

President Muhammadu Buhari on Wednesday said Nigeria will be guided by ‘‘national interest’’ in taking any decision on the agreement establishing the African Continental Free Trade Area (AfCFTA).
Small and Medium Enterprises (SMEs)

FCMB supports capacity building for SMEs

First City Monument Bank (FCMB) has reiterated its commitment to building capacity of Small and Medium Enterprises (SMEs).

Central bank injects $210 million into forex market

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday.

AFREXIMBANK, NEXIM to provide $1bn finance for Africa’s trade, infrastructure development

The African Export-Import Bank (AFREXIMBANK) has said it is partnering with the Nigerian Export-Import Bank (NEXIM) to provide about $1billion financing for the promotion of Nigeria-Africa trade and investment in Africa.
Small and Medium Enterprises (SMEs)

70 SMEs to get credit, client support from NGO

Shop and Play, a quarterly event designed to increase client base and access to credit for Small and Medium Enterprise (SMEs) says it will support 70 SMEs in the next edition.

Abuja chamber wants federal government to adopt global best practice to support SMEs

The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to adopt the global best practice of funding Small and Medium Enterprises (SMEs).

Official: NIPOST’s financial inclusion intervention supports growth of SMEs, reduces unemployment

Nigerian Postal Service (NIPOST) says its financial inclusion intervention is geared toward supporting the growth of Small and Medium Enterprises (SMEs), contribute to poverty alleviation and reduce unemployment in the country.
Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital and the foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it become the leading corporate bank player in the country.

Zenith Bank reaffirms zero account opening balance for current, savings accounts

Zenith Bank, the largest bank in Nigeria by tier-1 capital and a foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it become the leading corporate bank player in the country.
Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital and the foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it become the leading corporate bank player in the country.

Zenith Bank reaffirm N0.00 account opening balance for current, savings, other accounts

Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital and the foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it become the leading corporate bank player in the country.
Tony Elumelu, chairman of Heirs Holdings, says access to electricity is critical to growing Nigeria’s economy.

Tony Elumelu urges governments to create favourable tax policies

The Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has called for far reaching tax reforms.
Aliyu Abdulhameed

Over 200 farmers to benefit from NIRSAL lending

The Managing Director and Chief Executive Officer, Nigeria Incentive Based Risk Sharing for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has disclosed that in few weeks time, over 200 farmers stand to benefit from the take off of the Micro-Finance Bank (MFB) lending in the country.

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