CBN, government, financial institutions promise to tackle MSMEs’ challenges
The Federal Government, Central Bank of Nigeria (CBN) and other financial institutions in the country yesterday in Abuja said challenges confronting Micro, Small and Medium Enterprises (MSMEs) would be tackled to improve nation’s economy and reduce growing poverty. Speaking at the 11th yearly banking and finance conference with the theme: “MSMEs: The Game Changer for…
FG, agency give financial support to MSMEs, others
The Federal Government, in collaboration with Abuja Enterprises Agency (AEA) has succeeded in financing 15, 000 Micro-small and Medium Enterprises (MSMEs) in Abuja. They have also promised to sustain the recent grant of N20, 000 to each of the 223 market businesswomen in the territory. The Vice-president, Prof. Yemi Osinbajo said the efforts are in line with government’s agenda…
Visa, LSETF to digitize payments for MSMEs
Visa, the global leader in payments, said it will launch the Cashless Lagos Hackathon in partnership with Lagos Innovates, an initiative of the Lagos State Employment Trust Fund (LSETF) as part its efforts to educate and enable Nigerians to reduce their reliance on cash. The three-day event, which is scheduled to hold from 14 September…
CIBN to host conference to bridge MSMEs funding gaps
The Chartered Institute of Bankers of Nigeria (CIBN), has announced plans to host its Annual Banking and Finance Conference, positioned to provide a platform for all stakeholders in the industry, to exchange ideas, and tackle issues affecting the finance sector and the economy at large. This year’s conference, the 11th edition, scheduled to hold from…
MSME to get N10m collateral-free loans–Osinbajo
Acting President, Prof. Yemi Osinbajo, says the Federal Government is working towards providing Micro, Small and Medium Enterprises(MSME) a credit facility of N2 million to N10 million without collateral.
How MSMEs contribute 54 per cent of Nigeria’s GDP
According to the International Council for Small Business (ICSB), Micro, Small and Medium-sized Enterprises (MSMEs) make up over 90 per cent of all firms and account for an average of 60 to 70 per cent of total employment and 50 per cent of Gross Domestic Product (GDP) of any economy. Experts have argued that the…
GEEP MarketMoni interest-free loans reach 350,000 beneficiaries nationwide
The Federal Government Enterprise and Empowerment Programme (GEEP) MarketMoni scheme has successfully reached over 350,000 micro enterprises in the 36 states and the Federal Capital Territory.
Osinbajo to inaugurate MSME clinic in Ondo State
Vice President Yemi Osinbajo will on Thursday launch the Micro, Small and Medium Enterprise (MSME) Clinic in Ondo State.
Building the economy, one graduate at a time
The Graduate Entrepreneurship Fund is an initiative of the Bank of Industry to empower Nigerian youths to become self-reliant and sufficient upon the completion of the mandatory NYSC scheme.
Unity Bank, BoI partner on GEEP initiative
Following the execution of a Memorandum of Understanding (MoU) with the Bank of Industry (BoI), Unity Bank Plc is set to participate in the execution of the Government Enterprise and Empowerment Programme (GEEP).