‘If CBN can inject N786bn in one bank, it can save 154 MfBs with just N5bn each—Expert
Lagos development economist, Dr. Segun Arogundade, has described the insolvency and revocation of financial institutions’ including Micro Finance Banks, Finance Houses and Mortgage Banks as very wrong signals for small business operators including Micro Small and Medium Enterprises (MSMEs). In…
MSMEs lose businesses valued at N1bn daily to mutilated N100, torn N200 notes—BHIU
Whereas the federal government had through its ongoing numerous empowerment development programmes for Micro- Small and Medium Enterprises (MSMEs) been building their operational capacities, there is a monster currently frustrating activities in the segment and other informal sub-sector operators. A…
Poor database key challenge facing MSMEs, says SMEDAN
Considering the observed poor growth in the Micro Small and Medium Enterprises (MSMEs) segment of the Nigerian economy, the leadership of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has pointed out the need to create a database…
UBA speeds up financial inclusion for small business with MasterPass payment solution
Africa’s global bank, United Bank for Africa (UBA), has unveiled a Master Pass ‘Quick Response’ (QR) Bot e-payment solution designed to drive up financial inclusion within the massive small business segment of the economy. The bank in a statement, averred…
Poor credit access, key frustration against Nigeria’s gain from AGOA, ETLS—SMEDAN
Rising from a strategic capacity building programme for Micro Small and Medium Enterprises (MSMEs), held in Owerri, the Imo State capital, the Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, has opened…
