A development economist and professor of public policy, Jonathan Morduch, once said: “Microfinance stands as one of the most promising and cost effective tools in the fight against global poverty.”

Central Bank of Nigeria (CBN)’s National Collateral Registry (NCR) has generated N1.264 trillion credit to the micro, small and medium enterprises (MSMEs) and individuals in the nation’s economy within two years, its Registrar, Mohammed Mainasara, has said. The NCR, a creation of the apex bank’s Development Finance Department in collaboration with the International Finance Corporation (IFC) commenced operation in 2017 following…

The Bayelsa Microfinance and Enterprise Development Agency (BYMEDA) has signed a Memorandum of Understanding with SureAid Development for Economic Stimulus to boost Micro, Small and Medium Enterprises (MSME) ecosystem in the state. SureAid is a microfinance investment organisation working with a number of charities. The agreement was signed during the Small and Medium Enterprises, (SME)…

The Bank of Industry (BoI) has begun the disbursement of N15,000 TraderMoni loans to beneficiaries who have successfully paid back their first N10,000 loans. According to the Bank, the disbursement is in response to the increasing beneficiary repayments recorded under the scheme. Through a flexible weekly loan repayment plan of N430 per week paid over…

Development Bank of Nigeria (DBN), has again said the inability to on-lend to Micro, Small and Medium Enterprises (MSMEs) at a single digit as being clamoured is not solely responsible for their lack of competitiveness in the market. DBN, the latest development finance institution (DFI) set up in 2017, as wholesale lender, insisted that pricing…

Vice President Yemi Osinbajo has implored Nigerians to resist the temptation of returning the Peoples Democratic Party (PDP) to power because its desperation is to loot the treasury again. Osinbajo said Nigeria's economy would have collapsed long ago, but for President Muhammadu Buhari's honesty, reminding that only honest and selfless leader can be trusted with…

On 22 November 2018, Lagos, Nigeria will witness the official launch of www.fundanenterprise.org at Best Western Hotel, Victoria Island, Lagos.  Fundanenterprise.org is a donation based crowd-funding website (first of its kind in Nigeria) built specifically for fundraising activities, solely in form of grants to support start-up, micro, small and medium sized enterprises in Nigeria and…

Osun State government has disbursed over N4 billion to Micro, Small and Medium Enterprises (MSMEs) in the state. The Commissioner for Commerce, Industries, Cooperatives and Empowerment, Mr. Ismaila Jayeoba-Alagbada, stated this at a press conference in Osogbo yesterday. “Through effective and efficient credit administration and management, the initial fund released to the agency by the…

A Jos High Court was yesterday told that N2 billion Micro, Small and Medium Enterprise (MSME), was not paid into the personal account of former Plateau State Governor Jonah Jang.

As part of efforts to encourage Micro, Small and Medium-scale Enterprises (MSMEs), the Ikoyi Baptist Church has concluded plans to hold its third yearly...

About 20,830 Micro, Small and Medium Enterprises (MSMEs) in Kaduna State received N2.8bn from the Bank of Industry (BoI). The bank’s Managing Director, Olukayode Pitan, who disclosed this at the 20th edition of National Micro, Small and Medium Enterprises (MSMEs) Clinic in Kaduna, said the move was part of efforts to boost ailing businesses. The…

The Federal Government will continue to invest in the Nigerian people, Vice President Yemi Osinbajo said on Thursday at the launch of the National Micro, Small and Medium Enterprise (MSME) Clinic in Kaduna. Osinbajo said: “The Federal Government is making a difference in the lives of the people including small business owners across the country…