The Central Bank of Nigeria (CBN) has granted “no-objection” approval to the Bank of Industry (BOI) to establish a non-interest banking window, marking a strategic shift in the nation’s development finance landscape. This regulatory milestone, announced on February 8, 2026, allows Nigeria’s oldest and largest development finance institution to offer Sharia-compliant financing products to MSMEs […]
The federal government has disbursed N250,000 each to selected small business owners in Ondo state as part of its efforts to empower Micro, Small and Medium Enterprises (MSMEs) across the country. The grants were issued during the seventh edition of the Expanded National MSME Clinics held on Tuesday in Akure, the Ondo state capital. Vice-President […]
By Joy Obakeye The Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum, has said that Micro, Small and Medium Enterprises (MSMEs) promote transformative economic recovery and growth. She disclosed this at the opening of the 2nd project dissemination on strengthening the capacity of local MSMEs and manufacturers to produce high-quality Personal protective […]
By Ukpono Ukpong The Federal Government has launched the Occupational Safety and Health Action Checklist for Micro, Small and Medium Enterprises (MSMEs). Launching the checklist in collaboration with the International Labour Organisation (ILO) yesterday in Abuja, the Minister of Labour and Employment, Festus Keyamo, said it will help to empower entrepreneurs, workers, farmers, others to […]
By Kamarudeen Ogundele, ABUJA The presidency says beneficiaries of the MSMEs Survival Fund’s Payroll support track and the one-off General MSME Grant have started receiving payments under the Economic Sustainability Plan (ESP). Recall that the commencement of payment to beneficiaries of the Payroll Support track and the one-time General MSME Grant was announced on Sunday. […]
BY PHILIP CLEMENT, ABUJA The chairman of the Nigerian Economic Summit Group Mr. Asue Ighodalo has stated that the only way Nigeria can achieve needed investment is to create enabling environment for businesses to thrive. Mr. Ighodalo stated this at a stakeholder engagement on financing safe schools in Nigeria hosted by the ministry of finance, […]
By Joy Obakeye Federal Government has released new details on the Micro Small and Medium Enterprises (MSMEs) support scheme being rolled out under the National Economic Sustainability Programme, Daily Times gathered. According to estimates provided, the sum of N50 billion will be used to provide payroll support, N200 billion for loans to artisans, and N10 […]
As part of its effort to support and promote Micro Small and Medium Enterprises (MSMEs), Sterling Bank Plc has announced the creation of The Business Hub (TBH) in Lagos. The financial services provider explained that the Business Hub was created in line with the bank’s strategy to create an enabling environment for young people to […]
Corporate Affairs Commission (CAC), has introduced a pre-incorporation and post-incorporation process aimed specifically at improving the ease of doing the business process for Micro, Small and Medium Enterprises (MSMEs). CAC noted on its website that for the pre-incorporation stage, company names can now be checked before making reservations, in a bid to reduce the number […]
Motolani Oseni The introduction of TraderMoni townhall meetings has been described as an avenue for the beneficiaries to engage directly with the different stakeholders such as officials from the implementation partner, Bank of Industry; financial institutions and partner organisations from the private sector. The implementation of the Buhari administration’s micro-credit schemes, including TraderMoni and MarketMoni, […]
The Federal Capital Territory Administration (FCTA), says it is fully committed to create enabling environment for the possible growth of Micro Small and Medium Enterprises (MSMEs), just as it has also encouraged stakeholder engagement in the sector. The FCT Minister, Malam Muhammad Musa Bello made the disclosure Thursday, while inaugurating the 11 member committee set […]
The Central Bank of Nigeria (CBN) has disclosed that it has disbursed N76.9 billion to Micro, Small and Medium Enterprises Development Funds (MSMEs) from inception in 2013 to 2017. The breakdown extracted from CBN 2017 annual report showed that N53.1 billion (69.01 per cent) was disbursed through state governments, N12.6 billion (16.38 per cent) through […]
Acting President, Prof. Yemi Osinbajo, says the Federal Government is working towards providing Micro, Small and Medium Enterprises(MSMEs) a credit facility of N2milion to N10 million without collateral. Osibanjo made the disclosure at a dinner/ maiden edition of the MSMEs Award 2018 held at the State House Banquet Hall, Abuja. The awards packaged by the […]
As Anchor Borrowers Programme takes root in 34 states The Central Bank of Nigeria (CBN) has disbursed N80billion to over 358,000 small holder farmers under Anchor Borrowers’ Programme. The beneficiaries cut across 34 states cultivating eight different commodities. The CBN Governor, Mr. Godwin Emefiele, confirmed the latest figures on Thursday in Abuja when he flagged […]
As preparations rev up for the maiden Edo State Alaghodaro Investment Summit, small, medium and large-scale companies are jostling for sponsorship slots of the high profile event which will host over 3000 participants. According to the organisers, sponsors may be categorised into Platinum, Gold, Silver and bronze right holders to accommodate the deluge of sponsorship […]
Konga.com, has again demonstrated its commitment as a company that employees, customers and society are proud of and depend on as it deepens commerce and trade in Africa by supporting and empowering Micro Small & Medium Enterprises through its collaboration with Lagos State government to host the second Micro Small & Medium Entreprises (MSMEs) Exclusive […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has concluded plans to establish SME Rating Agency of Nigeria (SMERA) which will be responsible for assessing the performance of Medium and Small Enterprises in the country for more empowerment, product standardiation and international exposure. This was disclosed by SMEDAN’s Director General, Dr. Umar Dikko […]
President Goodluck Jonathan has on Monday launched the Development Bank of Nigeria to tackle the challenge of access to finance by Micro, Small and Medium Enterprises (MSMEs) in Nigeria. The launching of the bank came barely four days to the general elections thereby raising questions from critics and economic prospectors. The Development Bank of Nigeria […]