The Central Bank of Nigeria has set N10bn as the maximum loan an obligor can access under its N250bn intervention fund for the gas sector. The CBN must have introduced the N250billion intervention facility to help stimulate investment in the gas value chain as part of its efforts to stimulate finance to critical sectors of […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will establish a ‘rating agency’ to enable small scale businesses have easier access to loans Mr Oluwagbenga Ogundeji, South-West Zonal Coordinator of SMEDAN, said this during a stakeholders’ meeting with heads of small business groups and associations on the proposed rating agency on […]
The Rotary District 9110, Nigeria, covering Lagos and Ogun states, has projected to set aside N50 million as micro credit scheme to empower 1,000 Micro, Small and Medium-scale Enterprises (MSMEs). However, the club has empowered 40 MSMEs with N2 million to enable them to boost their businesses and create more wealth. Making a statement at […]
Boluwatife Okeowo Credit (loans) availability remains one of the most pivotal keys to building a sustainable enterprise. Businesses are funded by two major means; equity and loans. While it is most desirable to start and expand your business through equity, sometimes it makes more financial sense to take a loan to support the cash flow […]
