DBN Disbursed N631bn To 313,000 MSMEs    The Development Bank of Nigeria (DBN) has disbursed more than N631 billion to slightly over 313,000 MSMEs across the country, from N482 billion to more than 208,000 MSMEs at the end of the previous year. The Managing Director/ Chief Executive...

MSMEs Battle For Survival As Cash Crunch Worsens   Micro, Small and Medium Enterprises (MSMEs) are contending with a barrage of constraints now worsened by the cash crunch nationwide, as analysts predict further decline in Nigeria’s economy. The furore and civil unrest that have trailed the new...

Impact Of Cashless Policy On MSMEs, Rural Businesses In 2012, the Central Bank of Nigeria (CBN) embarked on the journey to operating a cashless economy and it kindled hopes that the country was willing to play in the global financial ecosystem where digitisation is the...

MSMEs, Backbone Of Nigeria’s Economy - UNIDO The United Nations Industrial Development Organisation (UNIDO) has said that Micro Small and Medium Enterprises account for 96 per cent of all business activities in Nigeria. Mr Jean Bakole, UNIDO Regional Director and Representative to ECOWAS said this at...

In Five Years, DBN Disbursed N334bn To MSMEs   The Managing Director/Chief Executive, Development Bank of Nigeria (DBN), Dr. Tony Okpanachi, has said the bank disbursed N334 billion to 135,000 Micro Small and Medium Enterprises (MSMEs) between 2017 and 2020 which was its last audited financial...

SMEDAN Says MSMEs Drop By 2M in Four Years The Small and Medium Enterprises Development Agency of Nigeria reports that the number of micro, small and medium enterprises across the country dropped by about two million between 2017 and 2021. The report states that the country's...