Fidelity Bank To Organise N500m Funding For SMEs
Fidelity Bank Plc has concluded plan to organise a fair that is expected to provide an opportunity for operators of small and medium scale enterprises (SMEs) to meet with viable financing organisations.
The bank estimated that the initiative...
In 2017, BoI’s Total Loan Exposure To SMEs Hit Over N112bn
The Bank of Industry’s (BOI) total lending to Small, Medium Scale Enterprises (SMEs) stood at over N112.5 billion in the 2017 financial period, the Chairman of the Bank, Aliyu Dikko has said.
Dikko, who gave...
AfDB Approves $50m to Address Africa’s Trade Finance
The Board of Directors, African Development Bank (AfDB) has approved $50 million (Fifty Million Dollars) unfunded Risk Participation Agreement for Commerzbank to address Africa’s trade finance market.
The bank made the announcement in a statement signed by its...
Jaiz Bank In N6.1bn SMEs Financing Pact With IDB
Jaiz Bank Plc on Tuesday entered into a financing pact with the Islamic Corporation for the Development of Private Sector to finance the Small and Medium-sized Enterprises with N6.1bn ($20m).
The ICDP is an arm of the...
Abuja Chamber Begins Capacity Building for SMEs
The Abuja Chamber of Commerce and Industry, through its Business Entrepreneurship, Skills and Technology (BEST), has rolled out programmes for capacity building for Small and Medium Enterprises (SMEs).
Prof. Adesoji Adesugba, the Chamber’s Vice President in charge of Information...
When the Federal Government gave its nod for the establishment of the Development Bank of Nigeria (DBN), the reasons were legion, but most important of all was the tight conditions attached to getting credit facilities by the existing development Finance institutions, including the apex...
