SME News

7 funds available for Nigerian entrepreneurs in 2017
Even though experts generally agree that finance is not the biggest problem facing Nigerian entrepreneurs, many of them still believe that it still ranks among the first five. Understanding the critical importance of funding to Nigerian business owners and entrepreneurs, Start-Up Digest, in its c ...
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Business Day: 28 Feb 2017

The N220bn intervention fund for SMEs
With stringent conditions for accessing funds from banks, the recent assurances by the Central Bank of Nigeria (CBN) to unfold more monetary policies to ease the current hardship being experienced by small business, is a welcome development. Speaking on behalf of the apex bank at a business fair in ...
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The Son Online: 16 Sep 2016

Circular to all banks and other financial institutions
The Central Bank of Nigeria, in furtherance of its efforts at strengthening the Nigerian Payments System, hereby issues the following directives: 1. The Removal of fixed interest rate on Credit cards. 2. Discontinuation of actual address verification in account opening, for customers ...
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Central Bank of Nigeria: 28 Jul 2016

Osinbajo signs new laws to ease access to loans for small businesses
The Acting President, Yemi Osinbajo, has signed into law two bills that will ultimately facilitate access to more affordable credit for Nigerians. The bills were earlier passed by the National Assembly and were part of efforts of the Buhari administration to ease the challenges of businesses in Nig ...
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Nigeria working to give small businesses N10m collateral-free loans. - Osinbajo
Acting President, Yemi Osinbajo, says the Federal Government is working towards providing Micro, Small and Medium Enterprises (MSME) a credit facility of N2 million to N10 million without collateral. Mr Osibanjo made the disclosure on Wednesday at a dinner/ maiden edition of the MSMEs Award 2018 he ...
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