Tag: SMEs
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NAFDAC waives 50% on registration fee of SMEs
The National Agency for Food, Drug Administration and Control (NAFDAC) says it has waived 50 per cent on registration fee for locally manufactured products to promote Small and Medium Scale Enterprises (SMEs). The NAFDAC spokesperson, Dr Abubakar Jimoh, told the News Agency of Nigeria (NAN) in Abuja on Friday that the measure would go a…
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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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FG ready to support ICT stakeholders for sustainable development – Minister
The Federal Government on Wednesday said it would support stakeholders in the Information and Communications Technology (ICT) sector to create and strengthen a national data ecosystem for sustainable development. This was made known by Mr Adebayo Shittu, Minister of Communications at a news conference as part of activities to mark the World Telecommunication and Information…
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Forex: CBN bars UBA, First Bank, GTB, others from SME sales window
The Central Bank of Nigeria (CBN), on Tuesday, barred 14 Money Deposit Banks from dealing in the Small and Medium Entreprises (SME) wholesale Forex window. The barred banks are First Bank, Keystone Bank, Main street Bank, Ecobank, Stanbic IBTC, Citi Bank, Enterprise Bank and WEMA bank. Others are Guaranty Trust Bank, First City Monument bank,…
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Forex: CBN issues new form for SMEs to facilitate easy documentation
In order further simplify accessibility to foreign exchange by the Small and Medium Scale Enterprises (SMEs) the Central Bank of Nigeria (CBN) has introduced a newly designed form to facilitate minimal documentation. Confirming this new development on Monday, the apex Bank spokesman, Mr Isaac Okorafor said the motive behind the new form is “to provide…
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Forex: CBN opens special window for SMEs
The Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items. The CBN spokesmsn, Isaac Okorafor, in a statement on Monday in Abuja, said that the SMES would be permitted to import items not exceeding 20,000 dollars for an…