The Central Bank of Nigeria has said that women will be given 60 percent of the N220bn Micro, Small and Medium Enterprises Development Fund as part of its developmental role and mandate of promoting a sound financial system. It stated that two percent of the wholesale component of the fund would go to economically active […]
The United Nations International Children’s Fund (UNICEF) has listed 5 African startups among the 11 businesses to receive financial aid from the UNICEF Innovation Fund. By terms, these selected companies will benefit from the seed investment provided by UNICEF, and will also gain access to support from UNICEF’s innovation team and networks. The 11 startups […]
Award-winning musician, Mr. Eazi is launching a fund that will invest in Africa’s stars of the future. Oluwatosin Ajibade A.K.A Mr Eazi, said that the Africa Music Fund (AMF), is worth $20 million dollars. The lead investor is 88mph, a company that provides capital for African businesses. Through the AMF, the 29-year-old artist from Nigeria […]
The National Information Technology Development Agency (NITDA), has called on eligible Nigerians to apply for its technology innovation and entrepreneurship scheme programme. NITDA’s Head, Corporate Affairs and External Relations, Hadiza Umar, made the call on Thursday in a statement issued in Abuja saying that the programme would ensure digital job creation and nation’s economic growth. […]
The Development Bank of Nigeria (DBN) has described Credit Guarantees Schemes (CGS) as veritable instruments to alleviate the credit constraints faced by micro, small, medium and enterprises, MSMEs. This was the highlight of presentations by industry experts at the just concluded DBN Webinar Series with the theme, “Risk Sharing: A Key Driver for Increased […]
The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet. The issuance of the ten guidelines is a […]
Small scale business owners in Abia State have called on the Federal Government to create an enabling environment for the development and growth of micro entrepreneurial activities. They said the provision of an authentic database for Micro, Small and Medium Enterprises (MSMEs) would assist the operators in reaching out to their colleagues in other locations […]
The Lagos SME Bootcamp, one of Nigeria’s largest gathering of SMEs with the objective of enhancing their business management capabilities in order to reduce their risks of failure and better position them for strategic growth, given that 90% of MSMEs fail within the first five years of commencement. The Bootcamp was founded in 2018 by […]
The Central Bank of Nigeria has announced plans to engage 370,000 youths in agriculture production through its Accelerated Agricultural Development Scheme. The announcement was made in CBN’s‘Non interest guidelines for the Accelerated Agricultural Development Scheme’, which was released on Tuesday. “The objective of the programme is to engage a minimum of 370,000 youths in agricultural […]
The federal government is set to unveil a N65 billion stimulus package to support the Organised Private Sector in Nigeria (OPSN) in the bid to boost the economy and mitigate the effect of the COVID-19 pandemic. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, disclosed this at a virtual meeting held with members of […]
