SystemSpecs boss, Obaro lists 6 things to do by MSMEs to succeed in business
Managing Director of SystemSpecs, John Obaro has laid emphasis on six critical things needed by Micro, Small and Medium Scale Enterprises (MSMEs) to be successful and grow unhindered. These include funding, innovation, infrastructure, accountability, cost optimisation and market expansion/growth. However,…
Tech hubs without assisting telecoms to grow broadband counter progressive—Okeke
Abuja based lawyer and consultant in MSMEs, Mr. Celestine Okeke has faulted the way and manner government is going about establishing Technology Hubs without providing the needed key facilitator which is affordable and effective broadband across the country. He said…
NACCIMA joins league of recession exit doubters, says economic shock looms
Even though many experts and private sector groups are still finding it hard to believe released statistics that the economy attempted a snail growth of 0.55 in the second quarter, some that had little faith, are upbeat that continued dependence…
Prime lending rate at 18%, maximum lending rate at 31% killing businesses—NACCIMA
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson has revealed that studies by her group showed that with the prime lending rate hovering at 17.59 per cent alongside a…
BoI may be heading on collusion course rallying DBN, other DFIs for N1 trillion
Since the sudden creation of the Development Bank of Nigeria (DBN) by the present administration, there are reasons to suspect that the Bank of Industry (BoI) had been disquiet in the performance of its duties, thus creating a scenario that…
This is time for MSMEs to consolidate, become relevant—-SMEDAN boss, Radda
Considering the observed too much talk-shops on how to grow the activities of Micro, Small, and Medium Enterprises (MSMEs) business support in Nigeria, the Director-General of Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Dr Dikko Radda, has said…
DBN unveils credit strategy, seeks financial input from European Investment Bank (EIB)
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…
Confusion as DBN set to clash with BoI’s activities, targets 20,000 MSMEs in first year
Just as the Bank of Industry (BoI) since the beginning of this has been growing the consolidation of Small and Medium Enterprises (SMEs) via loans, training and grants, the newly licensed Development Bank of Nigeria (DBN) will finance about 20,000…
Bank of Industry working on raising loan facilities to MSMEs to drive sector on recession
As a way of deepening the activities of Micro, Small and Medium Enterprises (MSMEs) who analysts say remain the best bet in early exit of recession, the Acting Managing Director of Bank of Industry, Mr. Waheed Olagunju, has given an…
