SMEs | BusinessMetricsNg

Be among 250,000 SMEs to get free business name registration by CAC

Oct 28, 2020 Business Metrics

IFC Disburses $50m Loan To Nigerian SMEs Affected By Pandemic

President Muhamadu Buhari has approved free business name registration with the Corporate Affairs Commission (CAC) for 250,000 businesses across the nation. This was announced on Tuesday evening by Bashir Ahmed, the new media aide to the President, announced the development through his Twitter handle. “President Buhari has approved free business names’ registration for 250k MSMEs nationwide; according to the CAC, 6,606 names in each of the 34 states, Abuja will have 7,906, Lagos 9,084 & Kano 8,406,” he tweeted. “The free registration commences today, visit http://cac.gov.ng for details” he added.…

FG now paying 108,108 artisans in FCT, 11 states N30,000 survival funds

Oct 28, 2020 Banjo Olaniran

The Federal Government has commenced the disbursement of N30,000 one-time grant to 330,000 artisans across the country. The grant was launched across Lagos, Kano, Abuja and nine other states, as the first batch which amounts to 108,108 beneficiaries from the 11 states and FCT with 9,009 from each state, a statement from the office of the Vice President Yemi Osibajo has reportedly announced. The information was however conveyed to the public on Tuesday evening via the official Twitter handle of Bashir Ahmad, the personal assistant to President Muhammadu Buhari on…

Access Bank announces N50 billion interest-free loan for small businesses

Oct 25, 2020 Omobayo Azeez

Access Bank has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths as well as micro, small and medium-sized businesses. The bank disclosed this through its official LinkedIn page. It said the move was to support businesses following the crippling COVID-19 lockdown as well as the looting and arson that trailed the #ENDSARS protests. According to the bank; “Now more than ever, we remain committed to our purpose of impacting lives positively. ” In light of the recent occurrences, we will be…

FG begins N75bn support fund disbursement to 1.7m MSMEs

Oct 20, 2020Oct 20, 2020 Banjo Olaniran

Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium Enterprises (MSMEs) that are successful to partake in the N75 billion COVID-19 support schemes. On September 10, 2020, the Federal Government inaugurated two schemes to financially support about 1.7 million MSMEs across the country with N75 billion. The schemes are the National MSME Survival Fund and the Guaranteed Off-take Stimulus Schemes under the Nigeria Economic Sustainability Plan. The Special Assistant to the President on MSMEs, Office of the Vice President, who doubles as Project…

CBAN partners MSME Africa to host webinar to enlighten small businesses

Oct 13, 2020 Banjo Olaniran

The Credit Bureau Association of Nigeria (CBAN) in collaboration with MSME Africa Online will be hosting the first edition of their jointly organized MSME Business Webinar Series. The webinar themed: “The Role of Credit Bureaus in Business Recovery and Sustainability” is slated for Thursday, October 15, 2020 at 11am. Accoding to press conference from the organizers, speakers at the webinar are include ‘Tunde Popoola: MD/CEO, CRC Credit Bureau; Mrs. JameelahSharrieff – Ayedun: MD/CEO, CreditRegistry, while the discussions will be moderated by Onome O. Ako, executive secretary of CBAN. “The conveners…

FG inaugurates survival fund for 333,000 artisans, transporters

Oct 2, 2020 Business Metrics

The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and Guaranteed Off-take Stimulus Scheme. A total of 333,000 artisans and transporters across the country are to benefit from grants provided by the scheme. The Minister of State for Industry, Trade and Investment, Miriam Katagum, who flagged off the scheme in Abuja, said 9,009 beneficiaries each from the 36 states of the federation and the Federal Capital Territory would benefit from the scheme. She said the scheme would leverage duly registered…

Within 48hrs, 174,574 apply for COVID-19 N75bn MSME survival fun

Sep 25, 2020Sep 25, 2020 Banjo Olaniran

Just 48 hours after commencement, a total of 174,574 persons have successfully registered for the N75 billion National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan. Mariam Katagun, minister of state for industry state and investment, disclosed this on Thursday while addressing journalists in Abuja, adding that the registration for the MSME Survival Funds commenced at 11pm on Monday. She said that “as at 8.30am this (Thursday) morning, total successful registrations stood at 174,574.” The schemes were introduced by the federal government to…

Google partners ministry to help Nigerian SMEs, youths recover from pandemic effects

Sep 16, 2020Sep 16, 2020 Banjo Olaniran

Tech giant, Google, has announced plans to help businesses, job seekers, educational institutions and vulnerable populations as they grapple with the “new normal” and begin to rebuild and recover from the impact of the COVID-19 crisis locally and across the continent. The tech company’s initiatives will address the need for funding, training and services across identified sectors, including support for 500,000 SMBs and 25,000 teachers. This support includes a partnership with the Nigerian Ministry of Youth and Sports Development. The partnership will provide support for youth-owned SMBs. It will also…

UBA Business Series targets more SMEs, business owners with empowerment

Sep 14, 2020Sep 14, 2020 Banjo Olaniran

Pan African financial institution, United Bank for Africa (UBA) Plc has reiterated support for small and medium enterprises (SMEs) and business owners via another edition of its quarterly UBA Business Series. The lender said this is in its continuous bid to support the growth of Micro Small and Medium Enterprises(MSME) and equip them with the necessary tools to strengthen and sustain their businesses. The UBA Business Series is an MSME workshop and a capacity building initiative where business leaders share insights on best practices for running successful businesses in the…

COVID-19: 300 SMEs, teachers get support from Heritage Bank, foundation

Sep 14, 2020Sep 14, 2020 Banjo Olaniran

As part of efforts to cushion the effects of the COVID-19 on the education sector, Heritage Bank Plc in partnership with Honourable Fatima Mohammed (FAMO) foundation has provided succor to over 300 affected private school teachers and small medium enterprises (SMEs). The challenges posed by the COVID-19 pandemic, have continued in the shutdown of schools for months leaving the private school teachers without any means of livelihood and no source of income. To alleviate the challenges, Heritage Bank and its partner supported over 300 private school teachers and small businesses…