FCMB, Mastercard to support 100,000 MSMEs
Onome Amuge
May 17, 2022
BY ONOME AMUGE First City Monument Bank (FCMB) and Mastercard Foundation have joined forces to provide subsidised loans to 100,000 Micro, Small, and Medium Enterprises (MSMEs), to scale their operations to create work opportunities and empower Nigerian youths. The programme, set to be executed through a novel $27.8 million or N15.5 billion MSME Revitalisation Fund […]
Google’s Hustle Academy to train 5000 Nigerian, Kenyan, South African SMEs
Charles AbuedeFebruary 10, 2022
Technology and search engine giant, Google, through its newly launched training programme, Hustle Academy, plans to train 5,000 small and medium enterprises (SMEs) and entrepreneurs in Nigeria, Kenya and South Africa to help their businesses thrive. The company said the training will equip business owners with fundamental aspects of a business to help them navigate […]
Entry opens for 2022 TEF entrepreneurship programme
Businessam StaffJanuary 8, 2022
Entries into the 2022 Tony Elumelu Foundation (TEF) entrepreneurship programme have been thrown open to interested applicants with the commencement of application procedures for a programme designed to create economic and social wealth opportunities for African entrepreneurs with business ideas or existing businesses under five years across the continent. Successful applicants will be granted […]
Stanbic IBTC loan solutions to ease access to finance for Nigerian SMEs
Onome AmugeDecember 21, 2021
Small and Medium Enterprises (SMEs) have invariably played a substantial role in the Nigerian economy, serving as relevant contributors to employment, economic and export growth. A survey by the Nigeria Bureau of Statistics (NBS) revealed that SMEs contribute over 48 percent to the national gross domestic product (GDP) and account for an estimated 96 percent […]
Nigerian govt. confirms paying N56.84bn survival fund to 835,161 MSMEs
Onome AmugeNovember 23, 2021
Nigeria’s central government said it has alloted N56.84 billion to 835,161 beneficiaries under its MSME Survival Fund scheme, covering an estimated 76 percent payment of its N75 billion target. Evelyn Ngige, permanent secretary, Federal Ministry of Industry, Trade and Investment (FMITI), made the disclosure during the technical session of the 13th meeting of the […]
iProduce Africa strengthens export potential of Nigerian agripreneurs, SMEs
Onome AmugeNovember 19, 2021
iProduce Africa, an agriculture technology firm sponsored by the Islamic Development Bank (IsDB), said it has put in place mechanisms to enhance operations and export capabilities of Nigerian Small and Medium Enterprises (SMEs) and agri-entrepreneurs as they seek to exploit opportunities in the government’s zero-oil plan. According to a statement signed by Aisha Waziri-Umar, founder/chief […]
BoI says 327,000 Nigerian MSMEs got N1trn in five years
Onome AmugeNovember 16, 2021
Large businesses also benefit The Bank of Industry (BoI) has in the past five years disbursed N1 trillion worth of loans to over 327,000 micro, small and medium enterprises (SMEs) and large businesses across Nigeria. Kayode Pitan, managing director of the development finance institution, made the disclosure during the first edition of […]
Women Empowerment: ASF to empower 1500 women, youths in 2021; 5000 by 2022
Charles AbuedeSeptember 7, 2021
Ascend Studios Foundation (ASF) led by Inya Lawal, has disclosed plans to empower over 2000 women, youth and their businesses by the end of 2021 while hoping to hit a 5000 target mark by 2022. At a virtual press briefing held recently in Lagos and monitored by Business A.M, Inya Lawal, the convener, further revealed […]
Experts urge Nigerian SMEs to make agriculture-based investments
Onome AmugeAugust 18, 2021
By Onome Amuge Experts in the agriculture sector have enjoined Nigerian Small and Medium Enterprises (SMEs) to make investments in the agriculture sector to enhance its development and boost productivity. The recommendation was made during the official launch of the 2021 African Green Revolution Forum (AGRF) Agribusiness Dealroom workshop held in Abuja. Speaking at the […]
Opeke, MainOne CEO, charts pathway to excellent service delivery by SMEs
Zainab IwayemiAugust 5, 2021
Funke Opeke, chief executive officer, MainOne, has drawn the attention of Small and Medium Scale Enterprises (SMEs) operating in Nigeria to the need for business intelligence in their quest to survive and deliver impactful products and services in the country. The CEO said this while featuring as a guest on a radio programme, Fidelity SME […]