Small business owners in Lagos spend N5.3 trillion annually on fueling generators – Report
Micro, small, and medium enterprise (MSMEs) owners in Lagos State spend a staggering N5.3 trillion annually on petrol and diesel ...
Tag: MSMEs
News and stories about MSMEs
Access Bank launches sustainable finance accelerator program to boost eco-friendly initiatives in Nigeria
As part of its ongoing efforts to champion initiatives aimed at advancing access to credit for sustainable projects across Nigeria, ...
Federal Government to create 48,000 jobs with commissioning of MSME clinics fashion and ICT Hubs in Benue
The Federal Government of Nigeria has commissioned ultra-modern Micro, Small, and Medium Enterprises (MSMEs) Clinics Fashion, and ICT Hubs in ...
Inflation: 67% of MSMEs report decline in demand for their products and services – Report
A new report by Price Waterhouse Coopers has revealed that up to 67% of MSMEs in the country have seen ...
51.6% of informal businesses started due to unemployment in Nigeria – Report
Unemployment motivated 51.6% of business owners in Nigeria's informal sector to start their ventures, according to the 2024 informal economy ...
FG to provide N650 billion facility to support youth-owned businesses
The Federal Government has announced a N650 billion facility to provide lower-cost short-term financing to youth-owned businesses, manufacturers, and Micro, ...
SMEDAN, Sterling bank launch N5 billion single interest loan for small businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in partnership with Sterling Bank Ltd., launched a N5 billion ...
Bank of Industry extends application for RAPID funding for MSMEs to June 12
The Bank of Industry (BOI) has announced the extension of application for the Rural Area Program for Investment and Development ...
Development Bank disburses N787 billion to 495,000 MSMEs in Nigeria
The Development Bank of Nigeria (DBN) has announced that it has disbursed over N787 billion to more than 495,000 Micro, ...
Gender bias hinders financial backing of women entrepreneurs-IFC
Despite the significant contribution of trade to job creation, particularly for micro, small, and medium enterprises (MSMEs), women-owned businesses encounter ...
