The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s small and medium enterprises (SMEs) face a ₦48tn financing gap, despite recent banking sector reforms.
Minister of Finance and Coordinating Minister of the Economy, Olawale Edun has tasked deposit money banks to expand credit access to small and medium enterprises (SMEs).
NCDMB, NEXIM Release N62bn to Boost Oil & Gas SMEs
As part of the measures to empower Nigeria’s oil and gas services sector, the Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have disbursed about $42 million (about N62bn) to...
Rate Cut to Ease Financial Burden on SMEs, Households – CBN
The Central Bank of Nigeria (CBN) has stated that reducing the monetary policy rate by 50 basis points is a strategic move aimed at supporting the nation’s economic recovery, particularly in relation to Small...
'Tinubu’s Reforms Bold, But Brought Pains on Citizens, Businesses'
The Lagos Chamber of Commerce and Industry (LCCI) yesterday said President Bola Tinubu’s administration in the last two years has been characterised by bold macroeconomic reforms and significant policy shifts.
The LCCI, however, said the measures have...
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, weekend, said the apex bank is committed to ensuring that identified economic challenges in Nigeria are addressed
