FG, International Partners Plan $1bn Loan Support For MSMEs       The Bank of Industry under the supervision of the Federal Ministry of Industry, Trade and Investment has concluded a $1bn syndicated term loan in conjunction with international partners to support Micro, Small and Medium Scale Enterprises...

How COVID-19, Taxes Stifled MSMEs In 2020         The year 2020 has got its ups and downs for many businesses in Nigeria especially as they felt the brunt of the COVID-19 pandemic and its attendant lockdown as well as multiple taxes from the various authorities of...

DBN Disburses N150bn To MSMEs In Three Years       The Development Bank of Nigeria (DBN) has disbursed over N150 billion since it commenced operations in 2017, the Federal Government has disclosed. The disbursement was done through 27 participating financial institutions, for onward lending to MSMEs across the...

Fed Govt Disburses MSME Survival Fund To Tailors       The Federal Government has commenced the disbursement of its Micro, Small and Medium Enterprises Survival Fund to artisans in Lagos State. The Special Assistant to the President on MSMEs/DFIs, Tola Johnson, said so far in the Bariga cluster...

Lagos, Others Get More N75bn MSMEs Fund Beneficiaries       Lagos, Kano and Abia States will produce more beneficiaries than any other state and the Federal Capital Territory in the sharing of the Economic Sustainability Plan’s N75bn Micro, Small and Medium Enterprises Survival Fund. This was contained in...

Banks Provided N1.8trn, $1.36bn, €10.92m Loans To MSMEs - CBN         Based on the financing statements registered on the National Collateral Registry in respect of movable assets offered as collateral, lending banks availed credit amounting to N1.80tn, $1.36bn and €10.92m to Micro, Small and Medium Enterprises...