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...

CBN Sets N10bn Minimum Requirement For CGC  The Central Bank of Nigeria (CBN) has announced the registration requirements of an institution as a minimum share capital of N10 billion, a non-refundable application fee of N100,000 and a non-refundable licencing fee of N1 million among others...

Fed Govt Plans N250bn Lifeline For MSMEs   The Federal Government plans to disburse N250bn as loans to Medium-scale, Small and Micro Enterprises to boost job creation across the country. According to the National Development Plan 2021–2025 (Volume II), the Federal Government plans to increase loan disbursements...

Fed Govt Disburses N56.8bn To One Million MSMEs       The Federal Government has said that it has disbursed N56.8bn to one million Micro, Small and Medium Scale businesses under its MSMEs Survival Fund Scheme. According to the government, the beneficiaries of the programme cut across the 36...