Business

MSMEs will improve economic recovery and growth, says Katagum

Ihesiulo Grace 2 November 2022 0

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

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FG partners ILO to launch Occupational Safety, Health action checklist for MSMEs

Ihesiulo Grace 13 October 2022 0

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,

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200,000 more to benefit ESP, MSME grants schemes

Ihesiulo Grace 28 April 2021 0

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.

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Creating enabling environment key in promoting investment – Ighodalo

Ihesiulo Grace 20 April 2021 0

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, […]

Business News

FG releases details on MSMEs support scheme with N200 billion loan backing

Ihesiulo Grace 13 August 2020 0

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 […]

Business

Sterling Bank supports MSMEs with creation of TBH

Ihesiulo Grace 24 February 2020 0

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 […]

News

CAC improves pre, post-incorporation processes for MSMEs

Ihesiulo Grace 10 September 2019 0

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

Business

How TraderMoni town hall meetings will boost MSMEs in Nigeria’

Ihesiulo Grace 1 August 2019 0

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

News Nigeria

MSMEs empowerment: FCTA assures on enabling environment

Ihesiulo Grace 17 August 2018 0

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

Business Headlines

N220bn MSME Fund: CBN disburses N76.9bn to entrepreneurs in 5 yrs

Ihesiulo Grace 17 August 2018 0

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 […]

Business News

MSMEs to get N10m collateral-free loans – Osinbajo

Ihesiulo Grace 3 August 2018 0

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 […]

Business Headlines

CBN disburses N80bn to 358,000 farmers

Ihesiulo Grace 13 April 2018 0

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 […]

Edo Times

Alaghodaro investment summit: Conglomerates, MSMEs jostle for sponsorship deal

Ihesiulo Grace 2 November 2017 0

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 […]

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Konga partners LASG on second MSMEs exclusive fair

Ihesiulo Grace 31 August 2017 0

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 […]

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SMEDAN to establish Rating Agency for MSMEs

Ihesiulo Grace 28 August 2017 0

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

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FG Launches Development Bank Of Nigeria 4 days to election

Ihesiulo Grace 23 March 2015 0

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 […]