Home / Tag Archives: SMES

Tag Archives: SMES

Multiple taxation drowning 95% of SMEs in Nigeria yearly—Elumelu


Leading banking wizkid and motivational speaker on entrepreneurial issues, Mr. Tony Elumelu on Thursday, said that 95 percent of Small and Medium Enterprises fold up within a year in Nigeria due to multiple taxes and levies. The Chairman of Heirs Holdings and United Bank for Africa (UBA), who at the Lagos Business School Alumni Association 2017 Alumni Day in Lagos ...

Read More »

FCMB completes first free training scheme for SMEs

FCMB Adam Nuru

First City Monument Bank Limited (FCMB) has concluded the first in a series of free training programmes for the Small and Medium-scale Enterprises (SMEs) at the bank’s Training Academy. Key facilitators’ were drawn from spheres of business development, accounting, marketing and strategy and attendees came from start-up firms in the SME sector. The training focused on business finance optimisation for ...

Read More »

Fidelity Bank deepens earnings, hits N85.8bn in half year performance

Fidelity wins award

In its results released at the Nigerian Stock Exchange (NSE), Fidelity Bank has shown resilience to recession by posting strong financial performance in the first half of 2017 with gross earnings of N85.8billion in its audited results. Otherwise, the first half showed that the gross earnings rose by 22.1 percent from N70.3billion in H1 2016 to N85.8 billion for the ...

Read More »

Fidelity Bank committed to supporting non-oil export, votes N30bn


The Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has restated the resolve of his bank to grow non-oil export especially Nigerian made goods by way of providing ease to financial access. Speaking recently at a joint programme with the Nigerian Export Promotion Council (NEPC) recently, Okonkwo disclosed that Fidelity Bank has since recently, committed about N30 billion of ...

Read More »

LCCI kicks as CBN retains monetary policy rate at 14%, others unchanged

CBn Emefiele

The Lagos Chamber of Commerce and Industry (LCCI) has frowned at the retention of Monetary Policy Rate at 14 per cent, saying “The retention of the rates is only good for portfolio investors and this economy is tired of such investors because they are not coming to stay but to reap and run away while real sector investors continue to ...

Read More »

Why Citibank granted N500m loan for microfinance development in Nigeria

Citibank N

In other to support the development of approximately five thousand micro and small enterprises in the country, Citibank Nigeria has extended a loan of N500 million to Accion Microfinance Bank (Accion MFB). Citibank in a statement said the agreement will also support the Central Bank of Nigeria (CBN) National Financial Inclusion Strategy (NFIS) to reduce the number of excluded population ...

Read More »

Enugu State, Keystone Bank lift 100 SMEs to grow economy, jobs

keystone bank

Leading money deposit bank, Keystone Bank has partnered with the Enugu State Government’s Ministry of Commerce and Industry to encourage the activities of over 100 operators of Micro, Small and Medium-scale Enterprises (SMEs) in the state. A statement by the bank said the partnership was in line with the bank’s continuous economic empowerment campaign aimed at raising the bar of ...

Read More »

If BoI is shopping for N1tn to assist SMEs, why is DBN established? —BH Analysis

Barely one month after the take off of Development Bank of Nigeria (DBN), indications have emerged that Bank of Industry (BoI) that had hitherto been dull in driving the growth of Small and Medium Enterprises (SMEs) has suddenly woken up. This is evident based on the level of support it has been giving to the sub sector between recently and ...

Read More »

GTB lifts over 100 SMEs, says National Food & Drink Festival now, yearly

Segun Agbaje

Guaranty Trust Bank Plc., convener of yearly Food & Drink Festival featuring farmers’ market in order to grow agro-business has assured that considering the gains of the 2017 edition which was well attended, the bank will continue the scheme on a yearly basis. This was made known by the Assistant General Manager and Group Head, Communications and External Affairs of ...

Read More »

Our Food /Drink Fair aimed at empowering SMEs, says GTBank

Segun Agbaje

Guaranty Trust Bank has raised the bar in the support of the growth of Small and Medium Enterprises operators in Nigeria with the continuation of the second edition of its food and drinks fair in Lagos today. The event which was unveiled on Friday, started yesterday, Sunday and will end today, Monday. Assistant General Manager and Group Head, Communications and ...

Read More »