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 […]
People talk about many ways to make a sale but not a lot about keeping a customer. Getting an individual to patronize you once most times can sometimes be a struggle. I must say that a faithful customer is an assurance of income for every business owner. In this article, I would be showing you […]
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 […]
At every single stage of a business, adequate capital is required to foster growth. Where capital isn’t available or inadequate, businesses die. This in return is really harmful for the development of the economy. In a bid to curb the lack of access to required capital for small and medium businesses (SME), The DBN loan […]
The Japan International Cooperation Agency (JICA) that coordinates official development assistance for the Japanese government in developing countries, has announced the launch of the NINJA Business Plan Competition for businesses emerging during the COVID-19 outbreak. NINJA is short for Next Innovation with Japan. The NINJA Business Plan Competition will target startups and organizations from 19 […]
Small scale business owners in Abia State have called on the Federal Government to provide 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 […]
