Business Hilights

Tracking Nigeria's Headline Business News Online

SMEs

First Bank, BoI join AGDC to create 5m jobs with eased lending to MSMEs

Startups in Small and Medium Enterprises (SMEs) now stand a better chance of consolidating earlier than expected as the Bank of Industry (BoI) and After School Graduate Development Centre (AGDC) have teamed up with First Bank to drive viable business…

Ease of doing business: Miners cry out over exorbitant license fees

Contrary to the pronouncement of the federal government to effect ease of doing business in a 60-day plan, there seems to be no clear strategy to achieve that other than mere rhetoric. Besides, the federal government claimed that the recent…

Group counsels telecoms companies to leave OTT alone, make money elsewhere

The Open Source Foundation for Nigeria (OSFON) has advised the Mobile Network Operators (MNOs) in the country to look elsewhere in effort to balance their books, instead of tinkering of how to block Nigerian telecom consumers from usage of Over-The…

ECOWAS set for ICT hubs across member states to drive youths employment, but…

The leadership of the Economic Community of West African States (ECOWAS) has announced her readiness to an information technology “innovation hubs” in member states to address unemployment in the region. Though the scheme was originally launched last year, Business Hilights…

Adeosun hints on how DBN’ll deepen activities of SMEs in economic diversification

Indications have emerged that the Development Bank of Nigeria (DBN) will serve as strategic catalyst in the growth of Small and Medium Enterprises (SMEs) in Nigeria going by the structure and template the bank is coming with. The Finance Ministry…

SMEs

BoI begins skill acquisition for 1,600 youths in gemstone production in kaduna

The Bank of Industry (BoI) Monday put paid to the training of 1,600 youths in gemstones production as part of renewed drive to boost economic recovery and diversification using Small and medium Enterprises (SMEs). Acting Managing Director of BoI, Mr…

Participants see FG’s Yes-P scheme as fraud to sap youths

Though it was started by the former administration lead by Dr. Goodluck Jonathan and sustained by the present leadership, some participants to the scheme who spoke to our correspondent have described the access to loan after training under the Yes-P…

Utomi’s CVL begins N480m empowerment scheme in Delta State

Leading political economist and development expert, Prof Pat Utomi has said his non-profit organization, the Centre for Values in Leadership (CVL), is set to begin the second edition of empowerment programme to train and empower about 400 unemployed youths in Delta…

SMEs

FCMB gives support to SMEs with free banking services

As part of its efforts to grow startups, First City Monument Bank (FCMB) Limited has introduced a three-month free banking service for prospective customers of the bank operating in the Small and Medium-scale Enterprises. The scheme began on February 1,…

SMEs

Nobel Carpets begins collaboration with Vconnect to grow SMEs in Nigeria

Leading investor in interior decoration with rugs and carpets, Nobel Carpets and floors has stepped up its commitment to Small and Medium Scale Enterprises (SMEs) in Nigeria with new partnership with VConnect Global Services. According to the group, the target…