Sterling Bank Launches N50bn Facility For MSMEs Sterling Bank Plc has launched a business support facility for Micro, Small and Medium Enterprises in the country. The Head of MSMEs Proposition, Sterling Bank, Mrs Benedicta Sardoh, described the importance of small and medium enterprises to an economy...

DBN To Share N100bn To MSMEs   Development Bank of Nigeria (DBN) has revealed that it planned to disburse the sum of N100bn to the Micro Small and Medium Enterprises (MSME) segment this year. It also added that it disbursed over N30 billion to over 35,000 end-borrowers...

BoI Shares N259bn To MSMEs   Between January and December 2018, a total of N259.6bn was disbursed by the Bank of Industry to support the industrialisation policy of the Federal Government. The amount disbursed in 2018 represents an increase of N147.1bn or 130 per cent when compared...

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....