The presidential candidate of Labour Party in the 2023 elections, Mr Peter Obi, has urged the Commonwealth nations to pay special attention to small businesses. This, he said, will enable them to achieve sustainable growth and development across its countries. Obi, the former governor of Anambra, underscored...
SMEs
While demographics and capital can fuel a Nigerian economic boom, small and medium sized enterprises will sustain its growth, says Wally Adeyemo, U.S. Deputy Secretary of Treasury. Adeyemo, the highest-ranking member of African diaspora in the Biden led administration, who is on a trip to Nigeria, said this...
Small and Medium Enterprises (SMEs) in Nigeria can maximize their business potential by effectively leveraging a digital business model. Here are some key strategies for SMEs to consider: Online Presence: Establish a strong online presence by creating a professional website that showcases products, services, and relevant information about the...
Mrs Oludolapo Adigun, Group Head, Retail Banking, South, FirstBank, has advised Small and Medium-sized Enterprises (SMEs) to see opportunity in adversity and make good use of it to stay strong in business. Adigun gave the advice at a SMEConnect webinar, organised by the FirstBank for individuals and business owners...
The Bank of Industry (BoI) recorded N2.3 trillion profit before tax under President Muhammadu Buhari, Chairman Board of Directors of the bank, Alhaji Aliyu Dikko has said. Dikko, made this known on the sidelines of the 63rd Annual General Meeting of the bank in Abuja. “It has been excellent. ...
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the apex bank is committed to ensuring financial system stability and improving access to credit. Emefiele spoke in a recorded address to the 2022 edition of the apex bank’s Development Finance Department (DFD) Retreat in Abuja...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in partnership with Sterling Bank Plc, has started a matching fund programme for agro-based Nano, Micro and Small Enterprises (NMSEs). This is contained in a statement issued on Sunday in Abuja by the Head of Corporate Affairs Division of...
Access Bank says it is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the sidelines of a two-day SMEs Immersion Round table in...
BY SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum on Tuesday released a grant worth N814m to a combined number of 9,154 Micro, Small and Medium Enterprises (MSME’s), to stimulate local businesses. The Governor gave the grant at the launch of the “Borno COVID-19 Action Recovery and Economic...
The African Development Bank (AfDB), has signed an agreement with First City Monument Bank (FCMB) for a 50-million-dollar line of credit. This is contained in a statement issued by Chukwuemeka Ezekiel, AfDB Group, Nigeria Country Department on Friday. The line of credit is to support access to finance for...
Airtel Nigeria, a leading telecommunications services provider, has announced a partnership with Microsoft and tech and solutions distribution giant, TD African to unveil Smartbox office internet bundles. Airtel’s Director, Business, Ogo Ofomata, said in a statement in Lagos that the partnership was exclusively designed to empower and improve Nigeria’s...
The Central Bank of Nigeria (CBN), says it is committed to initiating programmes and policies aimed at supporting Small and Medium Enterprises (SMEs) in Nigeria. Mr Osita Nwanisobi, CBN’s Director, Corporate Communications, said this on Thursday at the apex bank’s special day at the 17th Abuja International Trade Fair....
The First Bank of Nigeria Ltd. has rewarded the grand prize winner of its Verve Card campaign, Mr Olakunle Animasaun, the Chairman of Kanwl International Ltd., with a brand new car. The 14-week promo in partnership with Verve was designed to reward Verve Card customers for their continued usage...
BY ANKELI EMMANUEL, Sokoto – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has organized a one day National Business Skills Development Initiative Entrepreneurship Training for 90 participants drawn from the 23 LGA of Sokoto State. Speaking on the objectives of the training, Moshud Lawal from SMEDAN...
The Nigerian Export Promotion Council (NEPC) on Monday in Abuja reiterated the need to promote non-oil exports for Nigeria to meet its national and global economic demands. Dr Ezra Yakusak, Executive Director/CEO of NEPC said this at a five-day export promotion capacity building programme. The programme designed to train...
Polaris Bank has reaffirmed its commitment to the growth of Nigeria’s Small and Medium Enterprises (SMEs) as it announces the sponsorship of the 6th Lagos Fashion Souk 2022. The event is organized in partnership with Nigeria’s foremost event management company, EVENTFUL Limited. The two-day Fashion Souk/business fair will hold...
Gov. Ifeanyi Okowa of Delta and Vice-Presidential candidate of the PDP, says the state is working toward becoming Nigeria’s centre for Medium, Small and Micro Enterprises (MSME). The governor stated this on Friday in Asaba at the graduation ceremony of the third cycle of the Women Empowerment Skill Acquisition...
In furtherance of its role in promoting female entrepreneurship across the country, Nigeria’s premier banking institution and leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the launch of the FirstGem fund (FirstGem loan); a single-digit loan scheme, exclusively designed to put women at an advantage...
Mr Olufunwa Akinmade, Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, has described the bank’s latest retail product ‘Yanga’ as a unique product aimed at empowering the underbanked women entrepreneurs in Nigeria. Akinmade, who stated this during a chat with the media on Friday, noted that a...
Dangote Fertiliser Limited has announced plans to train over one million farmers in the next three years to enhance the agricultural sector and create jobs. Mr Uchenna Nwankwo, Deputy Sales Officer, Dangote Fertiliser Ltd., made this known in a statement on Sunday from the ongoing Enugu International Trade Fair....