‘Small businesses pose higher risks than bigger ones’
Ayo Olojede, Head, Emerging Businesses, Diamond Bank Plc, spoke with select journalists on efforts to promote sustainable growth among micro, small and medium enterprises (MSMEs), and the need for fund promoters to channel more resources into the sector. Clara Nwachukwu, was there. Excerpts Why are SMEs tagged emerging businesses in Diamond Bank? SME is an emerging…
Visa seals deal with LSG to digitize payments for MSMEs
In a committed effort to educate and enable Nigerians to reduce their reliance on cash, Visa, the global leader in payments, has announced the launch of the Cashless Lagos Hackathon in partnership with Lagos Innovates, an initiative of the Lagos State Employment Trust Fund, LSETF.
Bridging trade finance gap in a sustainable way
Issues of access to credit remain a persistent problem for businesses everywhere, especially for those in developing economies. In Nigeria, development financial institutions are exploring new measures to reach the bottom of the pyramid for deepened market access and economic development. FEMI ADEKOYA writes. Micro, Small and Medium Enterprises (MSMEs) are often described as the…
‘Proposed five per cent credit facility to MSMEs will stimulate economy’
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has stated that the proposed five per cent credit facility for Micro, Small and Medium Enterprises(MSMEs) will help to stimulate the economy. Indeed, the Vice President, Prof. Yemi Osinbajo, had announced that government will institute a 5% credit facility for MSMEs, adding that…
Heritage Bank supports MSMEs’ growth into generational conglomerates
Heritage Bank Plc, an innovative banking service provider, has assured promoters of Micro, Small and Medium Enterprises (MSMEs) of support to enable them grow their businesses into generational conglomerates.
Progressive policy, long term growth, others crucial to MSMEs sustainability
The Minister of State for Industry, Trade and Investment, Aisha Abubakar, has said that a progressive policy framework, long-term growth is capable of sustaining the Micro, Small and Medium Enterprises (MESMEs) in the country.
Stakeholders seek government’s support for MSMEs as UN marks day
The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs. Olayinka Oladunjoye, has charged stakeholders in the Micro, Small and Medium Enterprises (MSMEs) to initiate practical and sustainable measures to transform nation’s economy.
NASSI rallies support for export promotion through MSMEs
Citing the need to reduce dependence on importation of goods that can be substituted locally, the Nigerian Association of Small Scale Industrialists (NASSI) has called for increased government support for Micro, Small and Medium Enterprises (MSMEs) in expanding the nation’s export capacity. The body made the call at the weekend, preparatory to the second edition…
VI-M canvasses MSMES growth, provides seamless business solutions
The Chief Executive Officer, VI-M Professional Solutions, Vivian Chigozie-Nmonwu, has stressed the importance of MSME growth in the country even as she disclosed that the organization is providing solutions that would assist business owners in the area of tax, accounting, HR and legal affairs.
‘Research has shown that credit penetration is still very low in Nigeria’
Having access to credit no doubt will have positive impact on the social economic development of any country particularly its GDP. With recession out of the way and ease of doing business in Nigeria getting a global...
We are building an ecosystem for MSMEs’ devt, says BoI
The Bank of Industry (BoI) has stated that it was working relentlessly to build an ecosystem for Micro, Small and Medium Enterprises (MSMEs), noting that there is no way Nigeria would meet the Sustainable Development Goals (SDGs) by 2030 without recording successes in entrepreneurship development. The Managing Director, BoI, Olukayode Pitan, explained that this move…