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...
DBN Disburses N100bn As Loans To 95,000 MSMEs
Between January and October this year, the sum of N100bn was disbursed by the Development Bank of Nigeria as loans to 95,000 Micro, Small and Medium Enterprises.
Out of this amount, N70bn, which is about 70 per cent,...
Obaseki Provides N2bn For Single-digit Lending To MSMEs
The Edo State Governor, Mr. Godwin Obaseki has said his administration has provided the sum of N2 billion as credit facility at single digit interest rate to micro small and medium enterprises (MSMEs) across the state.
He said...
