SMEs can’t afford N70,000 minimum wage – Business owners
Associations and operators of small businesses in Nigeria have stated that SMEs in Nigeria can’t afford to pay the N70,000 minimum wage…
SMEs
NACC reaffirms commitment to promoting SMEs growth
Onwubuke Melvin The President of the Nigerian American Chamber of Commerce, Mrs Adebola Williams, has affirmed the chamber’s commitment to promoting the…
FEC approves N60 billion for SMEs scheme
The Federal Executive Council has granted approval for the disbursement of N60 billion from the Central Bank of Nigeria through the Agric…
NICA advocates credit access for students, Informal sector
A credit system that enables participants in the unofficial economy and students to get credit for their studies and expand their enterprises…
CAC registers 330,000 small enterprises
The Corporate Affairs Commission stated that it has begun the registeration of extra 330,000 small enterprises that were previously conducting business informally…
Nigeria, Germany partner on SME growth
Nigeria and Germany have decided to work together more closely in order to support the country’s micro, small, and medium-sized businesses. The…
Firm provides training support to SMEs
Stage Africa Media & Advisory has established Small Business Saturday, an initiative to empower and support entrepreneurs across Nigeria. The PUNCH reported…
$321,867 SMEs receive $1.4bn funding in six years – W’Bank
The World Bank said in a report on Friday that 321,867 Micro, Medium, and Small Businesses have benefited from wholesale funding totaling…
Subsidy: FG to provide SMEs with grants
The Presidential Palliative Program, which aims to mitigate the effects of the loss of fuel subsidies, will shortly begin to award payments,…
AfCFTA, UBA sign $6bn MoU to support SMEs
The African Continental Free Trade Area secretariat and United Bank for Africa, one of Nigeria’s Tier One lenders, have signed a $6…
SMEs blame economy as non-performing loans hit N1.32trn
Data acquired from the Central Bank of Nigeria has revealed that the total amount of non-performing loans held by banks hit N1.32…
Prepare for unexpected challenges, First bank urges SMEs
By Wilson Adekumola FirstBank of Nigeria Limited has called on Small and Medium Enterprises to build sustainable revenue base in naira…