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

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.…

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

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

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…

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FBN Insurance Brokers to sensitise SMEs on cyber security, risk management

FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. It disclosed in press statement on Tuesday that it has secured the interest of seasoned experts on insurance brokerage, cyber security and risk management to spearhead discussions at the webinar. “The event is themed Risk Management and Business Continuity amidst COVID19 and scheduled for 10:00am on Thursday, 17 September, 2020. To participate in the event, click here to registe,” the statement read.…

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UBA Business Series targets more SMEs, business owners with empowerment

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…

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

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…

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Pandemic: 1.7m Nigerian MSMEs set to get N75bn FG’s stimulus funds

The Federal Government on Thursday flagged off two schemes to financially support about 1.7 million micro, small and medium enterprises (MSMEs) across the country with N75 billion. At the flag-off of the National MSME Survival Fund and the Guaranteed Off-take Stimulus Schemes under the Nigeria Economic Sustainability Plan, Mariam Katagum, the minister of state for industry, trade and investment, assured that the schemes would impact positively on businesses. Recall that the Economic Sustainability Plan was approved by the Federal Executive Council on June 24, 2020 following its initiation by the…

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

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

The International Financial Corporation (IFC), a member of the World Bank Group, has announced its partnership with Access Bank Plc to strengthen local businesses across Nigeria. In a press release, the IFC said it had provided a $50 million loan to the bank to help it increase liquidity to thousands of small and medium-sized enterprises (SMEs) struggling with the impacts of the COVID-19 pandemic in Nigeria. According to a statement by Eme Essien Lore, IFC Country Manager for Nigeria, it is crucial to support smaller businesses to keep Nigeria’s economy…

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Ogunsanya urges SMEs to invest in tech, localise supply chain

Ogunsanya urges SMEs to invest in tech, localise supply chain

Small and Medium Enterprises (SMEs) in Nigeria have been urged to consider investing in tech, localise supply chain as a way of adapting to the new normal occasioned by Coronavirus pandemic. Segun Ogunsanya, Managing Director and Chief Executive Officer (MD/CEO) of Airtel Nigeria stated this Tuesday at the UBA Quarterly Business Series, stressing that there was need for local sourcing of raw materials and supplies, while in the process boosting activities and staying afloat, especially at this time. A statement by the organizers explained that he UBA Business Series, organised…

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SMEs cross-border digital payments get boost as MFS Africa acquires Beyonic

Pan-African cross-border payments leader, MFS Africa, has announced its acquisition of Beyonic, a digital payments management provider of business services for Small and Medium Enterprises (SMEs), fintechs, and social impact entities across Africa. MFS Africa, the continent’s largest digital payments hub, connects more than 200 million mobile wallets on the continent through one API. Meanwhile, Beyonic focusses on domestic payments and collections coupled with secure front-end business functionality. This deal, which is subject to regulatory approval by the Fair Competition Commission in Tanzania, will provide the growing micro, small, and…

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Zoho berths Bigin, digitized CRM App for SMEs

App, SMEs, Zoho,

Zoho, a global technology company, has launched Bigin, a pipeline-centric customer relationship management (CRM) software designed specifically for small and micro business owners. According to Zoho, Bigin has been designed to provide a simple solution for small businesses to keep track of their customers and improve customer relationships without having to worry about high costs or complicated features. Andrew Bourne, Zoho country manager for Africa, said “small businesses are the heart and soul of our communities and with business owners struggling more than ever right now, our goal is to…

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