The federal government said it planned to establish at least one Shared Facility for Micro, Small and Medium Enterprises (MSMEs) in every state of the federation. The Special Adviser to the President on MSMEs, Tola Adekunle-Johnson,...
The Minister of Industry, Trade and Investment, Adeniyi Adebayo, has called for the adoption of factoring as a major source of finance as against loans and bank overdrafts for Micro, Small and Medium Enterprises (MSMEs)...
The Federal Government is set to begin the fourth round of the Micro, Small and Medium Scale Enterprises (MSMEs) survey. The disclosure was made on Thursday in Abuja at a news conference jointly addressed by the...
The Federal Ministry of Industry Trade and Investment has obtained a $1 billion syndicated term loan for Micro, Small and Medium Enterprises (MSMEs) in agribusiness through the Bank of Industry (BOI). The Minister of Industry, Trade...
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of CrediGuarantee Companies (CGCs) in Nigeria. They are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Regulation Department,...
Top credit rating agency, Agusto & Co. (“Agusto”) has assigned a “AAA” rating, on the Development Bank of Nigeria (DBN) Plc (DBN), the highest rating possible on any institution. It said the rating, which aligns with...
The Bank of Industry (BoI) yesterday dissociated itself from fraudsters soliciting applications for a purported grant from the bank, saying that it is not giving grants. It said in a statement that “In one of the...
Gombe State emerged as the best performing state on Micro, Small and Medium Enterprises and number one in ease of doing business among the 36 States and the FCT at the 4th MSME awards and...
The Bank of Industry (BoI) has disbursed loans worth N969.7 billion to borrowers in the last five years to support various businesses. BoI Deputy Head, Business Development, Mrs Aderonke Akinluyi, disclosed this at a webinar by...
The presidency has said the portal for the 4th National Micro Small and Medium Enterprises (MSMEs) Award will open from May 10. Tola Johnson, Special Assistant to the President on Micro Small and Medium Enterprises (MSMEs),...