Tag: SMEs
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Fuel Subsidy Removal: FG set to begin disbursement of N125bn grants to SMEs, manufacturers
The Nigerian government says that it has perfected plans to commence disbursement of funds under its N125 billion Presidential Palliative Programme, targeted at alleviating the impact of the removal of fuel subsidies.
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Google empowers 15 Nigerian SMEs with N75m
Google has empowered 15 Small and Medium Businesses (SMBs) under its Hustle Academy with the sum of N75 million.
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Polaris Bank deepens promotion of SMEs in Nigeria
Polaris Bank, Nigeria’s Leading Digital Retail Bank, in partnership with Eventful Limited will host the 2023 season end edition of The Fashion Souk 9.0 scheduled to hold at Harbour Point, Victoria Island, Lagos on Saturday, December 2nd and Sunday, December 3rd. The Fashion Souk is Nigeria’s premier marketplace where smart Small and Medium-sized Enterprises
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SMEs struggle as Zenith bank offers N3.5bn loan to staff at 4 per cent
Zenith Bank Plc, one of Nigeria’s Tier-1 banks, has provided loans totaling N3.517 billion to its management staff at an interest rate of four per cent, as reported in its second-quarter 2023 financial statement. This revelation which was first brought to light by the Economy Post comes against the backdrop of the Central Bank of…
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Google to support selected Nigerian SMEs with N75m grant
Google has perfected plans to support 15 Nigerian small business owners with 5 million naira through an arrangement known as Hustle Academy SMB Fund.
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NCC accelerates broadband penetration to business owners
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has reiterated the Commission’s commitment to continually drive initiatives that accelerate broadband deployment to increase penetration and make internet connection readily available to telecom consumers.
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Naira scarcity: FG urged to save SMEs
The Federal Government, Central Bank of Nigeria (CBN), and others have been urged to take urgent steps to save Small and Medium Enterprises (SMEs) from total collapse.
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INVESTIGATION: How CBN, DMBs, POS operators connive to swindle Nigerians, cause economic sabotage
“I went to the ATM this morning to withdraw, no money. So I decided to use the banking hall and after queuing up for over 30 minutes, the bank attendant said they can only give N2, 000 in N50 denomination. I angrily walked out of the bank,” a resident of Lagos, Ijeoma Igwe lamented. Another…
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TNG Deal Breakers: ECOWAS Bank and access to credit for Nigeria’s SMEs, businesses
It isn’t very likely that many Nigerian entrepreneurs are aware of the existence of the ECOWAS Bank for Investment and Development (EBID). Headquartered in Lomé, Togo, the bank has been in operation for 40 years and among Nigerian businesses, little is known about the financial products through which it supports both the public and private…
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SMEs have potential to reduce unemployment, enhance economic growth – CBN
Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country. Umoren who disclosed this in a meeting organised in collaboration with the Cross River Government and the Chamber of Commerce in Calabar on…