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Jennete Ugo Anya
- February 10, 2025
Investor Relations: Impacting MSMEs Crowdfunding in Nigeria
By Enam Obiosio Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Nigeria’s economy, contributing significantly to employment and gross domestic product (GDP) growth. However, one of the most pressing challenges these enterprises face is access to adequate funding. In response to this, the Securities and Exchange Commission (SEC) on January 21, 2021 introduced […]
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- January 27, 2025
UBA Hosts Knowledge Series Webinar For MSMEs
United Bank for Africa (UBA) Plc, Africa’s Global Bank, is preparing to host a special edition of its Knowledge Series webinar. The event is designed to provide micro, small and medium-sized enterprises (MSMEs) and business owners with valuable insights into the newly implemented 2024 Withholding Tax Regulations introduced by the federal government. The webinar, themed: […]
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- January 27, 2025
Analysts Warn PenCom’s New Rules On CPs Could Stifle MSMEs
The National Pension Commission (PenCom) has introduced new requirements for Pension Fund Administrators (PFAs) investing in commercial papers (CPs), a move analysts warn could marginalise small businesses already grappling with limited access to affordable financing. PenCom, in a recent statement, explained that the new regulations aim to strengthen risk management in the investment of pension […]
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- January 24, 2025
CAC Launches AI Platform For 30-Minute Business Registration
The Corporate Affairs Commission (CAC) has announced plans to roll out an artificial intelligence (AI)-driven company registration portal aimed at simplifying and speeding up the registration process for Nigeria’s micro, small, and medium enterprises (MSMEs). This new system, set to go live next week, promises to reduce the registration timeline to just 30 minutes, a […]
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- January 23, 2025
Ecobank Nigeria Partners CrediCorp To Offer Affordable Loans
Ecobank Nigeria has joined forces with the Nigerian Consumer Credit Corporation (CrediCorp) to provide affordable and flexible loan options designed to meet the diverse needs of Nigerians. This initiative targets key financial obligations, including school fees, rent, maintenance costs, medical bills, car purchases, and asset financing. The program is open to civil servants and private-sector […]
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- January 10, 2025
BoI Secures ₦3.5trn To Strengthen Nigerian MSMEs
The Bank of Industry (BoI), Nigeria’s leading development finance institution, has successfully secured €1.879 billion (approximately ₦3.05 trillion) from international markets in 2024, marking the largest funding deal ever secured by an African development finance institution. This landmark achievement, led by BoI’s Managing Director, Dr. Olasupo Olusi, was realised through a dual-layer guarantee structure developed […]
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- December 11, 2024
FG Launches ₦198bn Loan Fund To Empower MSMEs In 2025
In a decisive move to bolster micro, small, and medium enterprises (MSMEs) across the nation, the federal government has unveiled a ₦198 billion syndicated loan fund. Scheduled to roll out in the first quarter of 2025, this initiative aims to enhance entrepreneurship and spur economic growth in every state of the federation. The program introduces […]
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- November 11, 2024
SEC Plans To Launch Capital Formation Office For MSMEs
In a bid to address the financing challenges faced by micro, small, and medium enterprises (MSMEs) in Nigeria, the Securities and Exchange Commission (SEC) has announced its progress toward establishing a dedicated office for small business capital formation. This office, which is at an advanced planning stage, will provide tailored support to companies seeking to […]
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- October 31, 2024
BoI Rolls Out Application Portal For Federal Government’s N75bn MSMEs Intervention Fund
The Bank of Industry (BoI) has opened the application portal for the federal government’s N75 billion micro, small, and medium enterprises (MSMEs) Intervention Fund. The fund, aimed at empowering MSMEs across the country, offers a unique lifeline with affordable, collateral-free loans to boost small businesses and enhance economic resilience. The announcement was made during a […]
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- October 21, 2024
FG Secures $119m Investment For Tech Hubs, MSMEs
The federal government has secured approximately $119 million in investments aimed at developing tech hubs and supporting micro, small, and medium enterprises (MSMEs). This major development was recently disclosed by Mr. Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications. This investment is the outcome of Vice President Kashim Shettima’s recent engagement […]
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