SME360

January 18, 2021

Health Finance Coalition To Support SME Healthcare Providers In Nigeria, 4 Others With $30 million

Five African countries including Nigeria are set to be provided with access to a $30 million emergency loan for private healthcare providers. Nairametrics reports that, a group of leading philanthropists, investors, donors and technical partners through the Health Finance Coalition is set to support private, small and medium enterprise (SME) health care providers in Nigeria […]

by Adzer Iwanger

January 15, 2021

Nigerian Tech Startup Secure $38-million

Ventureburn reports that Lagos based Nigerian startup Daystar Power, a company that provides solar power solutions to businesses in the region, has secured $38-million in a Series B Investment. The investment was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). Additional investors included STOA, a French impact infrastructure […]

by Adzer Iwanger

January 14, 2021

FG Disburses Fresh N123.3bn Grant To States

The Federal Government on Wednesday announced the disbursement of another N123.348 billion under its States Fiscal Transparency Accountability and Sustainability (SFTAS) programme. The money is a performance-based grant to the states. The Sun reports that, The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this in a statement by Mr. Hassan […]

by Adzer Iwanger

January 13, 2021

NITDA Sponsors Five Tech Startups To CES 2021

CES is the most influential tech event in the world, the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA), CES features every aspect of the tech […]

by Adzer Iwanger

January 12, 2021

Primary Agro- Based SMEs Get FG’s Four Year Tax Exemption

According to the finance act, SMEs and other agricultural production businesses may be granted pioneer status for almost six years. Punch reports, Small and medium sized companies engaged in primary agricultural production are to enjoy a tax free period of four years which may be extended for an additional maximum period of two years, the […]

by Adzer Iwanger

January 11, 2021

New Incubation Programme Launches For Tech Startups Nigeria

Ventures Platform Hub‘s social impact group, the Ventures Platform Foundation has launched a new incubation programme that is targeted at startups utilising tech to establish accountability and transparency within the Nigerian government’s Covid-19 response. Titled Gov Labs and placed over a 12-week period, the incubation programme has been established with support from the National Endowment […]

by Adzer Iwanger

January 8, 2021

NYIF: Pilot disbursement successful –Minister

Minister for Youth and Sports Development, Mr. Sunday Dare has disclosed that the Federal Government’s Nigerian Youth Investment Fund (NYIF) has successfully completed the pilot disbursement of loans totaling N165,700,000.00 to 239 beneficiaries ahead of the processing of over 3,000,000 applications so far received. The Sun reports, The Minister made the disclosure at the flag-off […]

by Adzer Iwanger

January 7, 2021

Recent Electricity Tariff Increase Will Translate To Increase In Cost Of Goods– MAN

Electricity distribution companies started the year with a further increase in electricity tariffs, following a new order issued by the Nigerian Electricity Regulatory Commission, NERC, instructing DisCos to increase tariffs effective January 1, 2021. Nairametrics reports that the Manufacturers Association of Nigeria, MAN, has stated that the proposed plan to adjust electricity tariffs will translate […]

by Adzer Iwanger

January 6, 2021

ANLCA Advocates Special Loan Scheme For Logistics Firms

The Sun reports, The President of the Association of Nigerian Licensed Customs Agents (ANLCA), Tony Nwabunike, has called for a special loan scheme for expansion of logistics firms in the nation’s maritime sector and others. Nwabunike, who stated this in his new year message to commended customs brokers and freight forwarders for their resilience in […]

by Adzer Iwanger

January 1, 2021

MSME Survival Fund: FG Mulls Enlarging Scope, Reach Of Scheme – Osinbajo

There are indications that the Federal Government is considering expanding the scope and reach of the Micro, Small and Medium Enterprises (MSME) Survival Fund Scheme. Vanguard reports that the Vice President Professor Yemi Osinbajo dropped the hint during a virtual meeting with the Steering Committee of the MSMEs Survival Fund before the Christmas holidays. In […]

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