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Tag Archives: SMES

US Consulate set to train 102 entrepreneurs on business growth management

Trump

As part of its contribution to the growth of Small and Medium Enterprises (SMEs), the United States of America Consulate General is set to train and mentor about 102 budding Nigerian entrepreneurs. The US Department is partnering with Field of Skills and Dreams Academy in the training deal. Explaining more during a conference for Emerging Entrepreneurs in Lagos in Lagos, ...

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DBN unveils credit strategy, seeks financial input from European Investment Bank (EIB)

DBN Tony Okpanachi

Managing Director of Development Bank of Nigeria (DBN), Tony Okpanachi, has opened up on the loan delivery strategy the bank will use to grow Small and medium Enterprises (SMEs) within the first two years. This is the new bank which kicked off with N398.45billion is still talking with the European Investment Bank (EIB) for more investment. By design, the bank ...

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FCMB deepens services to SMEs, seals FG’s social intervention scheme in Jigawa

FCMB logo

The ongoing window opened by First City Monument Bank (FCMB) for Small and Medium Enterprises (SMEs) has raised the visibility of the banks as more states are cashing on the scheme for their citizens. Only recently, the bank has signed a Memoranda of Understanding (MoU) with Bizi Mobile Cashless Consultancy on the social intervention feeding programme of the federal government ...

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Fidelity Bank reveals SMEs don’t have NPLs, disburses N2.3bn to 102

Fidelity wins award

In keeping with its customer care and small business empowerment, Fidelity Bank Plc has disbursed about N2.3 billion of SMEs funds to 102 customers, out of which about N400 million had been repaid so far. Giving a rundown of the programme, Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo said contrary to popular beliefs, bad loans in their bank ...

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

waheed-olagunju, BoI boss

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 ideas. On delivery, the new partnership will create about five million jobs by supporting one million entrepreneurs with funds at ...

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FG fast tracks move on rice export from next year, procures 100 rice mills for states

Audu Ogbeh

At a time Nigerians are apparently puncturing the recent claims of the Minister of Agriculture and rural Development, Chief Audu Ogbeh that Nigeria will soon begin exportation of rice, the ministry has purchased 100 rice mills for distribution to rice-producing states in the country. Whereas Nigeria is spending 5 million dollars daily on rice importation from Thailand, India and Vietnam, ...

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Presidency recalibrates settings to grow ease of doing business at ports, others

VP, Osinbajo

Barring any change in plans, the federal government has put in place strategies that will among other things effect positive changes in nation’s ports, business visas, and other national interest sectors of the economy. A statement issued weekend by the Senior Special Assistant on Media & Publicity to the President, Laolu Akande which was made available to Business Hilights, said ...

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

Adeosun Buhari

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 is in discussion with the Central Bank of Nigeria (CBN) to use the Development Bank of Nigeria as a vehicle ...

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Bayelsa, BoI seal N2bn MSME matching fund deal, expects boost in entrepreneurship

dickson

In line with the new vista in revamping the economy, more states are beginning to deepen the growth and consolidation of Micro Small and Medium Enterprise (MSME). Besides, the Bank of Industry (BoI) seems out to complement the efforts of both federal and states government towards the target of growing small business to create more jobs. Accordingly, the bank has ...

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$300m loan scheme coming for young farmer, says CBN

smes logo

Another vista by the federal government to deepen uptake of farming business across the country has been launched. Coming as the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), it will establish a 300 million dollar agribusiness loan project for young farmers across the country. NIRSAL is an arm of the Central bank of Nigeria (CBN) that provides agribusiness ...

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