Lack of Capital, Others Cause 80% of SMEs Die Under Five Years — Report   About 80 per cent of Small and Medium Enterprises fail before their fifth anniversary due to harsh economic environments, lack of access to capital, and poor business practices, which have stunted...

SMEs Empowerment, Solution to Global Challenges - UNEP United Nations Environment Programme has stated that to overcome today’s challenges which include climate change, nature loss, pollution, and the post-COVID-19 recovery, it is crucial to empower micro, small and medium-sized enterprises. It noted that SMEs are the...

MAN Faults Government Policies for Declining Manufacturing Growth The Manufacturers Association of Nigeria (MAN) has blamed the Federal Government’s inconsistent policies for the declining growth of the nation’s manufacturing sector. According to MAN, the declining growth rate is not unconnected to the policies that are inimical...

In 7 Months, CBN Sold $867.68m Forex To SMEs     The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises (SMEs) category businesses by 31 percent in the first seven months of this year (January to...

'e-Commerce Will Hit $75bn By 2025'   Agusto & Co, has predicted an influx of new entrants into the small and medium scale enterprises (SMEs) segment of the Nigerian economy. It also estimated that Nigeria recorded a volume of $12 billion transaction on online purchases in 2020,...

NEXIM Earmarks N36bn For SMEs’ Export Business In 36 States           The Nigerian Export-Import Bank has said it has earmarked a minimum of N1bn for every state of the federation to be disbursed to targeted export-oriented projects in the Small and Medium Scale Enterprises sector. The bank...