FG Commences N75bn Support Fund Disbursement This Week         Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium Enterprises that are successful to partake in the N75bn COVID-19 support schemes. On September 10, 2020, the Federal Government inaugurated two schemes...

Nigeria At 60: FG To Disburse N300m MSMEs Survival Fund       Government has concluded arrangements to share about N300million under the National Medium, Small and Micro Enterprises (MSMEs) Survival Funds scheme to about 333,000 artisans and transporters, as part of measures to commemorate Nigeria’s 60th Independence...

CBN Raises Target Credit To N100bn For MSMEs   The Central Bank of Nigeria (CBN) has increased the N50 billion Target Credit Facility (TCF) to N100 billion with the interest rates slashed to 5 per cent from 9%, to keep MSMEs afloat in business. The Director, Development...

Nigerian MSMEs Face N617bn Credit Gap Yearly     The financing gap of Nigerian Micro, Small and Medium Enterprises has been estimated by PricewaterhouseCoopers to be about N617.3bn annually. The consulting firm, in a latest study that examined the underlying issues MSMEs face in the country before the...

NAFDAC Reduces Registration Cost For MSMEs By 80%     To mitigate the economic impact of COVID-19 on Micro, Small and Medium Enterprises (MSMEs) in Nigeria, the National Agency for Food and Drugs Administration and Control (NAFDAC) has reduced tariff for registration of products by small businesses...

BoI Raises €1bn To Support MSMEs, Others   The Bank of Industry has raised a €1bn (about $1.11bn) medium-term syndicated facility from the international capital market to support micro, small, medium and large enterprises across key sectors of the Nigerian economy. With the successful conclusion of this...