AfDB, Fidelity Bank To Support MSMEs With $50m The African Development Bank and Fidelity Bank Plc have signed a $50m financing agreement aimed at the funding and promoting the growth of Micro, Small and Medium Enterprises in the country. At the signing of the agreement in...

BoI Gives N3bn To Jaiz Bank For MSMEs The Bank of Industry on Tuesday provided a N3bn financing facility to Jaiz Bank Plc for the development of the Micro, Small and Medium Enterprises sector of the economy. The fund would be given as loans to small...

NIRSAL MFB To Issue Loans To MSMEs At 5%, Says Emefiele The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, on Wednesday said that the newly-established NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent....

NCR To Boost MSMEs Lending By Over N1.23tn   The Central Bank of Nigeria has said that the National Collateral Registry would boost lending by financial institutions to the Micro, Small and Medium Enterprises by over N1.23tn. The CBN Governor, Mr Godwin Emefiele, said this on Monday...

DBN Targets MSMEs With N70bn Loans In 2019   The Development Bank of Nigeria says it has set a target to disburse loans worth N70bn to Micro, Small and Medium Enterprises in 2019. The Managing Director, DBN, Mr Tony Okpanachi, said on Thursday that the bank, in...

We'll Increase Power Supply To MSMEs To Cut Down Cost - Osinbajo   The federal government will within the next one year provide stable electricity power to 80,000 shops, 320,000 micro, small and medium scale enterprises (MSMEs) in 16 economic clusters across the country to help...