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Entrepreneurship
FG Pledges To Quicken Access To Single-Digit Loans For MSMEs
In recognition of the role of MSMEs in growing the nation’s economy, the Vice President, Sen. Kashim Shettima, has announced the Federal Government’s plan to urgently ensure quick access to single-digit loans for Nigerian small businesses…
Elumelu Inspires Africapitalism For Continent’s Shared Prosperity
Tony Elumelu, the chairman of United Bank for Africa Plc, is leading a new campaign for a private-public driven effort to develop African society and its people through what he called “Africapitalism.”
The multi-billionaire businessman…
Parallex Bank Gets Afreximbank’s $10m Facility For SMEs
Parallex Bank Ltd has secured a $10 million trade finance facility from the African Export-Import Bank (Afreximbank) for lending to Small and Medium-sized Enterprises (SMEs) in Nigeria.
Femi Bakre, the Managing Director, of…
SMEs Lament Inflation, Naira Redesign, Energy Cost
“In 2015, the Association of Micro Entrepreneurs of Nigeria (AMEN) had more than 500 active registered members who regularly attend members' monthly business forum. But today, even the few surviving members can hardly afford to attend the…
Union Bank Gets IFC’s $30m To Support Trade, SMEs
To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC today announced a partnership with Union Bank of Nigeria Plc to help expand lending to hundreds of businesses operating in critical sectors…
Spiraling Inflation Crushes Over 400 Lagos Micro Enterprises, Stoke Capital Flight
Over 400 micro-enterprises in Lagos have closed shops owing to spiraling inflation that has stoked a sharp increase in the cost of raw materials, and induced capital flights from Nigeria's economy.
Micro enterprises are a…
Entrepreneurship Network Empowers Over 2,000 MSMEs
The General Manager of the Global Entrepreneurship Network for Nigeria, Olawale Anifowose, said the initiative has since supported over 2,000 Micro, Small, and Medium Enterprises (MSMEs) in the country.
Wema Bank Entrepreneurship School Trains 156 SMEs
Wema Bank SME Business School has trained 156 Small and Medium Enterprise owners in Port Harcourt.
In a statement, it stated that 156 participants comprising SME customers and non-customers of the bank attended the 4th edition of the…
N617.3 Billion Financing Gap For MSMEs Exist Annually – CISLAC
The Executive Director of Civil Society Legislative Advocacy Centre (CISLAC) Auwal Ibrahim Musa, has stated that a whooping ₦617.3 billion funding gap has prevented the country 's Micro Small and Medium Enterprises (MSMEs) from realising…
FX, Energy Crises Crippling MSMEs
Managing Director of Stellarchem Nigeria Ltd, Ikpong Umoh, has lamented the daunting challenges including foreign exchange and energy crises amongst others have adversely impacted the critical role of Micro Small, and Medium Enterprises…