Money

SMEs, OPS push for reforms to reverse economic hardships

DailyTimesNGR DailyTimesNGR 19 January 2025 0

BY MOTOLANI OSENI Small and Medium Enterprises (SMEs) stakeholders and members of the Organised Private Sector (OPS) have called for urgent reforms to aid recovery and alleviate the economic challenges faced by SMEs in Nigeria. The stakeholders, including manufacturers and policy experts,

Business

Ex CAN boss Kadzai, says new tax reforms will grow SMEs

DailyTimesNGR DailyTimesNGR 8 January 2025 0

By Kingsley Chukwuka  A former National President, Youth Wing of the Christian Association of Nigeria, (YOWICAN), and Co-Chairman of the Interfaith Coalition Conference, Engr. Daniel Kadzai, has given an insight on the positive influence of the new tax reforms on Small and Medium Enterprises (SMEs). The new tax reforms are aimed at addressing the nation’s […]

News

CSO urges FG, states to partner with GYSAPEO to promote SMEs

DailyTimesNGR DailyTimesNGR 19 February 2024 0

In a bid to support the growth and development of Small and Medium-sized Enterprises (SMEs) in Nigeria, Forward Ever Initiative, civil society organization, has encouraged the federal and state governments, to partner with the Global Youth Skills Acquisition and Poverty Eradication Organisation (GYSAPEO). National Coordinator of the CSO, Ahmed Bello, at a press briefing

Business

Gysapeo & Hugogeochris Signed MOU to Promote SMSEs

DailyTimesNGR DailyTimesNGR 24 January 2024 0

..Market Women, Small Businesses to get funds to grow their Business By Nsikak Ekpenyong In a bid to support the growth and development of Small and Medium-sized Enterprises (SMEs) in Nigeria, two prominent firms, Global Youth Skills Acquisition and Poverty Eradication Organization, Gysapeo, and Hugogeochris Investment Limited, have joined forces to empower and promote

Business

FCMB offers N100m to SMEs for asset financing

Ihesiulo Grace 18 June 2023 0

By Joy Obakeye Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed to grow and expand their businesses, from First City Monument Bank (FCMB) SME Asset Finance Facility. According to data provided by the lender, so far, over 25,800 SMEs have accessed this facility. […]

Business

Expert advocates integration of SMEs into cashless economy

Ihesiulo Grace 12 June 2023 0

By Joy Obakeye With over 40 million Small and Medium Enterprises(SMEs) contributing nearly 50 per cent of Nigeria’s economy, there is an urgent need for SMEs to be fully integrated into the cashless economy drive projected by the government and Central Bank of Nigeria(CBN), an author and Former executive director, UAC Plc, Dr. Joe Dada […]

Business

WEF says 67% of SMEs worldwide fighting for survival

Ihesiulo Grace 7 December 2022 0

By Joy Obakeye The World Economic Forum (WEF), and the National University of Singapore Business School, in it’s latest report has indicated that 67% of executives from small and medium enterprises (SMEs) cite survival and expansion as their main challenge. The report found that amid recession fears, business leaders cite survival and expansion as their […]

Business

Over 67% of SMEs globally struggling for survival, expansion- WEF

Ihesiulo Grace 3 December 2022 0

World Economic Forum (WEF) in a new report has said that 67 per cent of executives from Small and Medium Enterprises (SMEs) cited survival and expansion as their main challenge, amid warnings of a global recession. The research from the WEF and the National University of Singapore Business School, also mentioned low margins, the challenge […]

Business

Entrepreneur advocates grant for SMEs

Ihesiulo Grace 11 November 2022 0

By Ukpono Ukpong The Founder and CEO, Justwan Dezign Couture, Mrs Justina Wanda, has called on the government for more support in terms of grants to Small and Medium-sized Enterprises to help alleviate the burden of the harsh economic realities. She made the call in Abuja at a press briefing on the forthcoming Exhibition of […]

News

Babatunde Olofin Urges Public & Private sector to Invest in SMEs

Ihesiulo Grace 9 April 2022 0

Saying that Small and Medium Scale Enterprises (SMEs) form the bulk of the businesses in Nigeria is stating the obvious. According to data, SMEs contribute 48% of national GDP, account for 96% of businesses and 84% of employment. Despite this significant contribution, the challenges that hinder the growth and development of the sector persist. Financial […]

Business Headlines

Nexim partners Afreximbank in $50m deal, others to boost projects, SMEs

Ihesiulo Grace 7 June 2021 0

Managing Director, Nigerian Export-Import Bank (NEXIM), Mr. Abubakar Abba Bello, has said that it is on the verge of addressing dearths of bankable projects and to increase flow of funds to Small and Medium Enterprises(SMEs). To achieve this, he stated that NEXIM is partnering with African Export-Import Bank (Afreximbank) to establish a Project Preparation Fund […]

Featured News

COVID-19: SMEs advised to invest in technology, localise supply chain

Ihesiulo Grace 1 July 2020 0

In adjusting to the new normal, business owners and operators of Small and Medium Scale businesses have been advised to invest massively in technology and find ways to source their raw materials or supplies locally, as this is expected to boost their activities and help them stay afloat especially in the wake of the Covid-19 […]

Business

SMEs, local manufacturers hit Abuja for made in Aba exhibition

Ihesiulo Grace 9 March 2020 0

Micro Small and Medium Enterprise (SME) operators across the country thronged the federal capital territory as the 7th ‘Made in Aba’ SME Exhibition kickstarts in Abuja. The exhibition which is sponsored by the National Council of Arts & Culture and facilitated by Senator E. H. Abaribe aims to expose entrepreneurs from Aba business cluster to […]