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...

JAIZ Bank Sells FOREX to SMEs   Jaiz Bank Plc, the premier non-interest bank in Nigeria has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open up businesses and boost the nation's economy amidst Covid-19 pandemic. The stated in a statement...

COVID-19: SMEs Can Access CBN’s N150bn Lifeline - FG   Small and Medium Scale Enterprises (SMEs) affected by Covid-19 can approach the Central Bank of Nigeria for a loan to restart their businesses, the Federal Government has said. The government said the CBN has set aside N150...

CBN Resumes Dollar Sales For SMEs, School Fees     The Central Bank of Nigeria has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises. The CBN Director, Corporate Communications, Mr Isaac Okorafor...