SMEs - Business Metrics

NEXIM, Afreximbank mobilise $50m support fund for SMEs

Apr 1, 2021 Banjo Olaniran

NEXIM, Afreximbank mobilise $50m support fund for SMEs The Nigerian Export-Import Bank (NEXIM) has announced its partnership with African Export-Import Bank (Afreximbank) to mobilise the sum of $50 million to support Small and Medium Enterprises in Nigeria. NEXIM announced on Tuesday in Abuja that the $50m Project Preparation Fund for Nigeria was for the provision of technical assistance to bankable SMEs, especially those promoted by women and youths. The bank’s Managing Director, Abubakar Bello, disclosed this at the inauguration of Women and Youth Export Development Fund with the theme,…

Aliko Dangote Foundation empowers rural women petty traders with N160m

Apr 1, 2021 Banjo Olaniran

Aliko Dangote Foundation empowers rural women in Kwara with N160m Aliko Dangote Foundation has empowered a total of 16,000 women in all the 16 local governments area of Kwara State with N160 million, the foundation has said. According to a statement from the foundation, each of the women were given the sum of N10,000 each, to help boost their petty trade and also start new businesses in a funfair event held in Kwara State on Wednesday. The deputy governor of the state, Kayode Alabi, who stood in for the…

Google, Paylink empower MSMEs with digital expertise

Mar 23, 2021 Banjo Olaniran

Google, Paylink empower MSMEs with digital expertise Paylink, a payment and ecommerce solution provider, has partnered with tech giant, Google. The deal involves empowering Micro, Small, and Medium Scale Enterprises (MSMEs) with the digital expertise through the Paylink MSME Digital Bootcamp. The organiser of the bootcamp, SystemSpecs, providers of Paylink, made this known at a forum. Through online training, MSMEs will be equipped with the digital skills to drive and scale their businesses in the digital era, recover from the impacts of the coronavirus pandemic, as well as sustain their…

CBN raises SMEs fund to N300bn as beneficiaries get N149.21bn

Mar 20, 2021 Ugochi Emmanuel

CBN raises SMEs fund to N300bn as beneficiaries get N149.21bn The Central Bank of Nigeria (CBN) today announced its decision to raise the Targeted Credit Facility (TCF) for households and small and medium enterprises from N150 billion to N300 billion. It also stated that the bank had disbursed a total of N149.21 billion to SMEs and households across the country under the TCF. Godwin Emefiele, the governor, CBN, disclosed this at a seminar for finance editors and correspondents held virtually in Lagos and Abuja simultaneously. Emefiele, who was represented…

FINAL CALL: Applications for Tony Elumelu Foundation entrepreneurship programme closes March 31

Mar 16, 2021Mar 16, 2021 Ugochi Emmanuel

Applications for Tony Elumelu Foundation entrepreneurship programme closes March 31 The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Programme on its TEFConnect digital platform (www.tefconnect.com) on March 31. The foundation stated this in a press release on Tuesday, adding that this year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising from the pandemic, lift…

FirstBank unveils FirstSME account for small businesses

Mar 7, 2021Mar 8, 2021 Ugochi Emmanuel

FirstBank unveils FirstSME account for small businesses First Bank of Nigeria Limited has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development. The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – are offered to SMEs, irrespective of industry, and tailored to have SMEs exposed to a wide range of services and opportunities that are essential for their continued growth and role in contributing to national development, the…

FirstBank MD, Adedutan rallies support for Nigerian SMEs

Feb 17, 2021 Omobayo Azeez

FirstBank MD, Adedutan rallies support for Nigerian SMEs Adesola Adeduntan, the managing director and chief executive officer of First Bank of Nigeria Limited, has rallied stakeholders to prime support for Small and Medium Enterprises (SMEs) Nigeria. He also added that FirstBank, Nigeria’s oldest financial institution, has been able to maintain its position as one of the leading financial institutions in the country, over the years, because of its strong and consistent support for Small and Medium Enterprises (SMEs). Adeduntan stated this today while contributing to a virtual panel…

Remote Workforce: Tros Technologies offers free training to help SMEs, corporates stem cyber risks

Jan 22, 2021Jan 22, 2021 Ugochi Emmanuel

Remote Workforce: Tros Technologies offers free training to help SMEs, corporates stem cyber risks Says cyber attackers aggressively on the prowl Indigenous tech firm, Tros Technologies today announced free cybersecurity training, an engaging online video-based training program to help small and medium enterprises and big corporate alike in the country tackle the rising trend of cyber risk. The firm said that as the incident of Coronavirus continues to force people to work f, cyber criminals are continuously on the prowl as they exploit the environment to create victims and…

Ecobank to empower 100,000 entrepreneurs with SME agency banking campaign

Dec 1, 2020 Banjo Olaniran

Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition. Emeka Agada, head of SME, Ecobank Nigeria, said the initiative was introduced in line with the bank’s commitment to support the Federal Government and Central Bank of Nigeria’s (CBN’s) vision for financial inclusion across the country. Aside improving financial inclusion, he said the campaign also aims to create self-employment for new entrepreneurs and help diversify income streams of existing small businesses across Nigeria. Agada…

Organisers unveil lead discussants at MSME Dialogue 2.0

Nov 22, 2020 Banjo Olaniran

Organisers unveil lead discussants at MSME Dialogue 2.0MSME Africa, the organizers of MSME Dialogue 2.0 has released the names of top speakers to lead dialogue at the virtual event targeted at Micro, Small and Medium Enterprises (MSMES) across Africa. According to a press statement by the organizers, Onyeka Akumah, the founder and CEO of Farmcrowdy, as well as Olagoke Balogun, the Co-founder and CEO of So Fresh, are scheduled to speak at the second edition of MSME Dialogue which will slated for Saturday, November 28,2020 at 10 am. “Other speakers…