Why 80% of SMEs fail within five years – Report
A recent survey shows that difficult economic conditions, a lack of access to financing, and bad business practices have hampered the growth and…
SMEs
Non-oil exports wil surpass $4.8bn 2023 – NEPC
The Nigerian Export Promotion Council has pledged to make sure that Nigeria surpasses the $4.82 billion it made from non-oil exports in…
Nasarawa boosts small businesses with N500m
Kazeem Owoseni The Nasarawa State Government in collaboration with the bank of industry, has come up with another business strategy,…
Group supports West African SMEs with $100m
The African Guarantee Fund Group, through its subsidiary AGF West Africa, and the Orabank Group, have concluded a portfolio guarantee agreement for…
OctaFX partners SMEs to celebrate financial independence
OctaFX has joined forces with 62 small and medium-sized Nigerian businesses to celebrate financial independence. The international broker joined forces with the…
SMEs lament multiple taxes, poor power supply
Stakeholders in the Small and Medium-Scale Enterprises segment of the economy have lamented that lack of adequate power supply and multiple taxes…
Islamic corporation, Uzbek firm boost SMEs with $15m
The Islamic Cooperation for Development, ICD, has signed a $15 million Murabaha Facility Agreement with Uzbek Leasing International to assist financial institutions…
Primera MFB boosts SMEs with N5bn
Small and Medium Scale Enterprises have enjoyed N5 billion in financing from Primera Microfinance Bank in 2022. According to The Punch, Primera,…
E-commerce offers growth opportunity for SMEs -Google rep
The Google Country Director for West Africa, Juliet Ehimuan, has said e-commerce presents an opportunity for small businesses in Nigeria and other…
CBN’s intervention funds fuelling inflation, World Bank warns
The World Bank has said the Central Bank of Nigeria’s development finance intervention is fuelling inflation in the short term and weakening…