Lack of proper and adequate information has been identified as the foundational problem of Medium, Small and Micro Enterprises (MSMEs) in Nigeria. Nigeria, which houses about 40 million MSMEs across various sectors in the country, contributes 50 per cent of the jobs in the economy, thus, making it significant to the growth of the nation.…

Finance Minister, Mrs. Zainab Ahmed, has clarified that the Federal Government is not planning to raise taxes next year as is being erroneously held in certain quarters.

For small businesses to grow and scale up, experts have advocated practical ways in which micro, small and medium enterprises (MSMEs) in the country can create purposeful and sustainable innovation.

The Nigerian Society of Chemical Engineers has advised the Federal Government to resuscitate Micro, Small and Medium Scale Enterprises (MSMEs) to solve unemployment problem facing the country.

Despite the role Micro, Small and Medium Enterprises (MSMEs) play in economic development; they are still not given the adequate attention they deserve to change the economic fortune of Nigeria.

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…

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.

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…

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 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.

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.

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.