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...

CBN Pledges Increased Financial Interventions To SMEs       The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will increase its development finance interventions to further support start-ups and small and medium enterprises in the country. Emefiele spoke while delivering the 51st...

Capital Market, Viable Funding Source For SMEs – NSE         The Nigerian Stock Exchange has described the capital market as a viable source of funding for Small and Medium Enterprises, saying it continues to support the growth and development of small businesses in the country. It said...