Tag
MSMES
News and stories about MSMEs
By Seyi Asagun In Nigeria today, credit is more than just a financial tool — it is a...
Africa’s global bank, United Bank for Africa (UBA) Plc, has secured a N5 billion loan facility from the Bank of Industry (BOI), to boost key sectors of the economy and support the growth of sustainable and viable businesses in the country, especially the micro, small, and medium enterprises (MSMEs) owned by women.
An estimated 80% of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria remain excluded from formal credit access due to stringent collateral requirements and lenders’ aversion to risk, according to data cited by the National Credit Guarantee Company (NCGC).
Dangote Petroleum Refinery has revealed that its N720 billion investment in its landmark nationwide petroleum products distribution initiative...
The Bank of Industry (BoI), on behalf of the Federal Government, has disbursed N2.25 billion to support 16,696 Micro, Small, and Medium Enterprises (MSMEs) in Gombe State, as part of the ongoing implementation of the N200 billion Federal Government Loan Scheme for MSMEs and manufacturing enterprises.
The Federal Government has announced a “N198 billion syndicated loan (fund)” to support Micro, Small, and Medium Enterprises (MSMEs) in the country, starting from the first quarter of 2025.
The Nigerian government has announced a significant boost to its loan offerings for small businesses, raising the maximum...
The Managing Director of the Bank of Industry (BoI), Mr. Olasupo Olusi, has disclosed that the bank has raised over $5 billion from international capital markets since 2017.
how do you know exactly what kind of financing your business needs? This is where a GAP analysis kicks in, serving as a crucial tool for small businesses to understand their financing needs for growth.
Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for micro, small and medium enterprises (MSMEs).
The Federal Government collaboration with the United States Agency for International Development (USAID) Feed the Future Agricultural Extension and Advisory Services Activity in Nigeria has empowered 311 Micro, Small, and Medium Enterprises (MSMEs) over the past four years to enhance the agricultural productivity of smallholder farmers.
The Nigerian government has announced that it has secured approximately $119 million in investments for tech hubs and MSMEs from Gluwa, a digital wallet service, and Ericsson.