Tag: MSMEs
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Fidelity Bank To Empower MSMEs In Anambra State
…Partners Obiano administration Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo has disclosed plans to partner with the Anambra State government in renewed efforts to assist and grow the Micro Small and Medium Enterprises (MSMEs) in the state. This move perhaps, is driven by the increasing role of MSMEs in the transformation of economies.…
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Microfinance banks loans to MSMEs hit N214b in Dec 2016 — CBN
The Central Bank of Nigeria (CBN) on Friday said that total credit granted by Microfinance banks to Micro Small and Medium Enterprises (MSMEs) has hit N214.32 billion as at December 31, 2016 The Director of Other Financial Institutions Supervision Department (OFISD),Mrs Tokunbo Martins made this known at the 2nd Annual Professional Training organised for Lagos…
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MSMEs loan accessibility: Osinbajo signs 2 bills into law
Acting President, Prof. Yemi Osinbajo has signed into law two bills that would facilitate access to more affordable credit for Nigerians. The laws are: the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit Reporting Act, 2017. The Collateral Registry Act ensures that Micro, Small and Medium Enterprises…
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Economy recovery only possible if… – MAN
The Manufacturing Association of Nigeria (MAN) has called on Nigerians to patronize made in Nigeria goods to help develop the manufacturing sector, stressing it is the only way to recover the economy. Mr Olu Odun, President of the Association told the News Agency of Nigeria at the Media Launch on Made in Nigeria goods in…
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Plans to empower 360,000 MSMEs annually ongoing – FG
The Federal Government has said it has started implementing plans to empower 360,000 MSMEs annually. This was revealed by the Special Adviser to Vice President Osinbajo on Micro, Small and Medium Enterprises (MSMEs), Mr Tola Johnson. Johnson, a member of the recently inaugurated 22-member council for Nigeria’s MSMEs sector said this in an interview with…
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Empowerment: Osinbajo inaugurates National MMSE Council
As a way of ensuring empowerment, employment generation and entrepreneurship, the Vice President, Prof. Yemi Osinbajo on Wednesday in Abuja inaugurated the National Council on Micro, Medium, and Small Enterprises (MSMEs). Osinbajo also announced the reduction of the membership of the MSMEs from 43 to 21. Osinbajo said at the inauguration of the council that…
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BoI, LCCI partner on MSMEs development
The Bank of Industry (BoI) has reaffirmed its commitment to the development of the Micro, Small and Medium Enterprises (MSMEs) sector in enhancing sustainable economic growth. The acting Managing Director of BoI, Mr Waheed Olagunju, said in Lagos on Tuesday during a MSMEs forum that significant attention should be given to MSMEs to enhance their…
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BoI launches N1bn solar energy fund for MSMEs
The Bank of Industry (BoI) on Friday launched a N1 billion solar energy fund for use by Micro, Small and Medium Enterprises (MSMEs) across the country. The intervention fund aims at providing alternative and renewable energy for small businesses. Mr Waheed Olagunju, the Acting Managing Director of BoI, said at the ceremony that renewable energy…
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LASG okays funding for 281 MSMEs
The Lagos State Government says it has so far approved funds for 281 micro-enterprises, of which 150 have received offer letters under the pilot scheme of its Employment Trust Fund (ETF). Mr Akintunde Oyebode, the Executive Secretary of the ETF, made the remark on Friday in Lagos, at the presentation of offer letters to some…