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Tag Archives: SMES

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

BoI Olagunju

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 ...

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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 ...

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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 ...

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Inability of FG to harmonise roles of development banks’ causing confusion, leakages

Kemi Adeosun

Investigations by Business Hilights on the activities of three major development banks of the federal government have revealed strong possibilities of roles overlap, redundancy and leakages of funds for development into wrong hands. A report by the leading online publication showed that virtually all the development banks including Bank of Industry (BoI), Bank of Agriculture (BoA), The Infrastructure Bank (TIB) ...

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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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