Business Hilights

Tracking Nigeria's Headline Business News Online

SMEs

‘Well implemented AGOA in agro, SMEs will ease recession’

Leading development finance analyst and adviser to the USAID Small & Medium Enterprises scheme (SMEs), Mr. Bob Ezumah has called on the authorities to retrain operators of SMEs and redirect many unemployed youths to agriculture where they can engage in…

Ecobank to capture 100m customers using ‘Ecobank Masterpass QR’—CEO

Ecobank Group has launched a mobile payment app tagged ‘Ecobank Masterpass QR’ with a strategic target at increasing customer base to 100 million across Africa by 2020. The group said Masterpass QR is the first mobile-driven, Person-to-Merchant (P2M) payment solution….

SMEs

CBN, Heritage Bank empower youths with N774m under YIEDP scheme

The Central Bank of Nigeria (CBN) and Heritage Bank Plc yesterday began the disbursement of a total sum of N774 million to 310 of the Youth Innovative Entrepreneurship Development Programme (YIEDP). The scheme was launched by the apex bank in…

SMEDAN moves to empower physically challenged

The management of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has assured the physically challenged in Nigeria of the Agency’s readiness to improve their lives by encouraging them to become successful entrepreneurs. The Director General of the agency,…

SMEs

BoI, 21 States’ MSMEs fund rises to N18.3bn

Micro, Small and Medium Enterprises, MSMEs, fund managed by the Bank of Industry (BoI) for 21 states in the country has hit N18.3 billion, indicating growth in the sector. Acting Managing Director of the bank, Mr. Waheed Olagunju, who disclosed…

Leo Stan Ekeh Foundation boosts YUBOSS with N1.5b

The Leo Stan Ekeh Foundation ( LSEF) has committed a whopping N1.5B to support YUBOSS; an entrepreneurship and wealth creation scheme set up by pioneer composite retail chain Yudala supported by Access Bank and Airtel. The Foundation focuses on promotion…

SMEs

Fidelity Bank, Gazelle drill 500 youths on entrepreneurial skills

Leading money deposit bank, Fidelity Bank Plc, has joined hands with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi to begin the empowerment of 500 youths with entrepreneurial skills. The bank said the scheme which is part of the…

Katsina, SON move to consolidate growth of SMEs

As part of new moves to diversify the economy vide creation of jobs, the Katsina State Government has pledged to offer needed support to the Standards Organisation of Nigeria (SON) to ensure the growth of micro, small and medium scale…

Fadama III AF boosts tomato production with N55m

The Fadama III Additional Funding in Plateau said it has empowered 339 farmers with over N55 million to boost dry season tomato production in the state. The Coordinator of the project, Mr. Gideon Dandam, disclosed this on Monday at a…

Dangote Foundation deepens micro grants for poor women

Dangote Foundation, a multi-purpose grant-making vehicle driving interventions in critical sectors including education, health, population and community have started a scheme targeted at vulnerable women in select states of the federation. It would be recalled that the Foundation few years…