N50bn CBN Loans To SMEs, Others End 2024     The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and Medium Enterprises and households aimed at cushioning the effects of coronavirus on businesses and the people. It also...

AfDB Approves $22m For SMEs     The board of the African Development Bank on Wednesday approved a $22 million senior loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in...

CDC Commits $39.2m To Support SMEs   CDC Group, the United Kingdom’s publicly owned impact investor, has announced the commitment of $39.2m to support the Small and Medium Enterprises in West Africa. The company said in a statement on Monday that it was backing Verod Fund III...

CBN Pursues Development Finance For SMEs In continued recognition of its role as an agent of development, the Central Bank of Nigeria said it would invigorate its development finance activities. This, it added, was aimed at ensuring the nation’s self-sufficiency to reduce Nigeria’s excessive dependence on...

BoI, States Give SMEs N20bn In One Year ‎The Managing Director of Bank of Industry (BoI), Olukayode Pitan, has disclosed that the partnership between the Bank and some state governments have enhanced lending to small and medium sized enterprises (SMEs) across the country to the...

Onyema, Oteh Urge ASEA To Encourage Listing Of SMEs   Vice President and Treasurer, World Bank, Ms. Arunma Oteh yesterday urged the African Securities Exchanges Association (ASEA) to ensure listing the of 44,000 Small and Medium Enterprises (SMEs) out of 44 million operating on the continent. Oteh,...