Tag
MSME FINANCING
The Bank of Industry (BOI) has set a target of creating and sustaining three million jobs and increasing its annual lending to N1.85 trillion by 2027, with plans to provide financing to 24,000 Micro, Small and Medium Enterprises (MSMEs).
The World Bank Group says it is helping mobilise up to $5.79 billion in private financing for Nigeria in fiscal year 2026, with one of its major programmes expected to support about 850,000 direct and indirect jobs.
Moniepoint says Nigerian lenders should assess businesses based on how they earn and move money rather than the collateral they can pledge, as formal credit use among Nigerian adults increased to 10% in 2026 from 6% in 2023.
Alert Microfinance Bank, a member of Alert Group has secured credit rating upgrades from Agusto & Co. and...
The National Council on Micro, Small, and Medium Enterprises (MSMEs) has constituted a high-level committee to interface with the Central Bank of Nigeria (CBN) and other stakeholders to enhance financing for small businesses in Nigeria.