FG Seeks More SME Participation In N75bn Stimulus Programme         The Federal Government wants more micro, small and medium enterprises to participate in its N75bn economic recovery and stimulus programme in order to grow their respective businesses. Minister of Industry, Trade and Investment, Adeniyi Adebayo, on Monday...

COVID-19: CBN Disburses N369bn To SMEs, Others       The Central Bank of Nigeria on Tuesday outlined the disbursements it had so far made in various sectors of the economy to cushion the adverse impact of the COVID-19 pandemic. According to the bank, about N369bn has been disbursed...

FG Inaugurates N75bn SMEs COVID-19 Stimulus Schemes       The Federal Government on Thursday flagged off two schemes to financially support about 1.7 million micro, small and medium enterprises across the country with N75bn. At a briefing on the flag-off of the National MSME Survival Fund and the...

Gifted Hands Cooperative Society Targets 20,000 SMEs for Credit Supports     A multi-talented entrepreneur, Miss Alexandra Jemila, said Gifted Hands and Thrifts Credit Cooperative Society will be assisting over 20,000 small and medium enterprises (SMEs) with 'mouth-watering' credit facilities. According to her, the loans will enable them...

Lagos Pledges N5bn Bailout For SMEs     The Governor of Lagos State, Babajide Sanwo-Olu, has said that the state is introducing measures to absorb the shocking effects of the COVID-19 pandemic on Micro, Small and Medium Enterprises in the state. These measures, which include an additional N5bn...

Interest Rates On SME loans’ll Hit 9% — CBN   Interest rates on loans to the Small and Medium Enterprises to cushion the effects of the coronavirus on their operations introduced by the Central Bank of Nigeria will rise to nine per cent from five per...