Business Hilights

Tracking Nigeria's Headline Business News Online

SMEs

You have no reason being poor in 21st century, Zinox boss, Ekeh tells youths

It was electric at Imo State University, Owerri when pioneer investor and entrepreneur in Nigeria’s ICT industry, Mr. Leo-Stan Ekeh challenged thousands of Nigerian youth, professionals, students and entrepreneurs to embrace the numerous opportunities for wealth creation which abounds with…

Accion Microfinance Bank deepens SMEs growth, disburses N61 billion loans to startups

Resilient and leading MFB, Accion Microfinance Bank says it has disbursed loans worth N61 billion to Small and Medium scale Enterprises (SMEs) since the company started operation in Nigeria. Coming on stream in May 2006 and granted an operating licence…

Many SMEs fail to access bank loan due to inability to present diligent proposals—Okoli

The Chief Executive Officer of Alpha African Advisory Limited, Ms Sanyade Okoli has traced the inability of several Small and Medium Enterprises (SMEs) to poor documentation during the process of applying for bank loans. In an interview, she said “A…

SMEs

FCMB bags award for SMEs support, disburses N3.6b MSMEs seed fund

Financial giant, First City Monument Bank (FCMB) Limited has won award as the Best African Small and Medium Enterprises Development Bank of the Year by the African Association of Small and Medium Enterprises (AASME). This is as the bank has…

Microsoft, group open free window for learners, beginner coders via ‘Minecraft’

Leading technology conglomerate, Microsoft Corp. has joined forces with Code.org to unveil the Minecraft Hour of Code Designer, a coding tutorial for students and educators created for Hour of Code, an annual, ongoing global campaign during Computer Science Education Week,…

Don’t charge more than one digit interest rate on intervention funds, CBN warns banks

For fear of playing a fast game on Nigerians willing to access capital from the federal government’s intervention fund coming on stream very soon, the apex bank has warned participating commercial banks not to charge interest rates beyond one digit….

FG plans soft loan of 3% maximum for 1.2m Nigerians next year

There are fresh plans by the federal government to empower at least 1.2 million Nigerians with soft loans which is designed to attract between two and three per cent interest rate. This is part of efforts to create jobs under…

IBM lists contributions to ICT development in Nigeria

Superpowers in technology development, the International Business Machine (IBM) has taken stock of its role in the development of Nigeria’s Information and Communications Technology (ICT), saying more is still underway for the country. According to Ernest Oladipo Faulkner, Country General…

Kaduna Refinery flags off skills training for 100 unemployed youths

To beat the rising youths unemployment in parts of the North, the Kaduna Refinery and Petrochemical Company (KRPC) weekend began the training of 100 unemployed youths in various skills’ under its Youth Empowerment and Skills’ Acquisition Programme. Coming as the…

SMEs

BoI shares out N5bn to 242 SMES in agro-processing sector

In what looks like a sustained strategy, the Bank of Industry (BoI) has injected funding support to about 242 entrepreneurs in the North-Central region to the tune of N5bn. The bank in a statement said “out of this amount, N1.5bn…