Nigeria’s SMEs Get AfDB Support Of $50m Via Sterling Bank The African Development Bank has offered a US$50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium sized enterprises (MSMEs) in strategic sectors, including agriculture, renewable energy and social...

MSMEs key To Economic Growth Says Osinbajo The Vice President, Prof. Yemi Osinbajo, yesterday said it was no longer possible to achieve a robust growth trajectory as well as realise the much desired inclusive growth without proper attention to the Micro Small and Medium Enterprises...

NEXIM Bank Boss Seeks Speedy Passage Of Factoring Bill   The Managing Director/ Chief Executive, Nigerian Export -Import Bank (NEXIM), Mr. Abba Bello has said the expedited passage of the Factoring Assignments (Establishment) Bill by the National Assembly will present better financing alternative for cash-strapped micro,...

BoI To Disburse N250bn To MSMEs At Single Digit Interest   The Managing Director, Bank of Industry, Mr Olukayode Pitan, has said the $750m (N250bn) syndicated loan facility, which it received from the African Export-Import Bank last week, will be disbursed to Micro, Small and Medium...

Osinbajo To Attend MSMEs Clinic In Ibadan The Vice President, Prof. Yemi Osinbajo, will visit Ibadan, the Oyo State capital, for the state’s edition of the Micro, Small and Medium Enterprises Clinic and a townhall meeting with the youths. A statement on Sunday said the MSMEs...

When the Federal Government gave its nod for the establishment of the Development Bank of Nigeria (DBN), the reasons were legion, but most important of all was the tight conditions attached to getting credit facilities by the existing development Finance institutions, including the apex...