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Jennete Ugo Anya
- October 18, 2024
Three Entrepreneurs Win ₦10m In SMEDAN Pitch Competition
Three entrepreneurs have emerged victorious in the SMEDAN Pitch Competition, sharing a prize pool of ₦10 million. During the recent MSME Conference 2024, a major platform for innovation and entrepreneurship in Nigeria, over 3,000 applicants showcased ideas aimed at addressing challenges faced by micro, small and medium-sized enterprises (MSMEs) in the country. The competition, more […]
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- October 17, 2024
BoI Disburses N75bn To Boost Small-Scale Industrial Growth In Nigeria
The Bank of Industry (BoI) has disbursed N75 billion to support vulnerable members of the Nigerian Association of Small-Scale Industrialists (NASSI), in a bid to stimulate growth and productivity among small-scale enterprises. The fund disbursement was formalised through a Memorandum of Understanding (MoU) signed recently at BoI’s head office in Abuja. This development comes on […]
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- October 17, 2024
SEC To Relax Crowdfunding Rules, To Ease Access To Capital For MSMEs
The Securities and Exchange Commission (SEC) has revealed plans to ease regulations on crowdfunding to improve small businesses’ ability to access much-needed capital. This recent move, aimed at fostering greater financial inclusion for startups and smaller firms, comes as Nigeria grapples with a challenging economic environment marked by high interest rates. Director- General (DG) of […]
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- October 3, 2024
FG Reaffirms Commitment To MSMEs Growth with Expanded Tax Incentives
The federal government has reaffirmed its dedication to supporting the growth and sustainability of micro, small, and medium enterprises (MSMEs) through various tax incentives aimed at easing financial pressures on these businesses. This announcement was made by Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), during the inaugural MSME Finance Awards […]
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- September 27, 2024
Why MSMEs Should Target Highest Valuation When Sourcing For Capital
In Nigeria just as in many other countries, Micro, Small and Medium Enterprises (MSMEs) face unique challenges when struggling and competing for capital for growth and expansion. In this case, achieving the highest possible valuation can offer substantial benefits, providing a competitive edge and ensuring long-term sustainability. Below is an in-depth analysis of why MSMEs […]
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- September 2, 2024
African Banks Invest N575.62bn To Boost MSMEs, Retail Sectors
Several leading banks in Africa are set to invest N575.62 billion to support micro, small and medium sized enterprises (MSMEs) across the continent. This move is part of their effort to meet new capital requirements set by the Central Bank of Nigeria (CBN). Access Holdings, Fidelity Bank, Guaranty Trust Holding (GTCO), FCMB Group, and Zenith […]
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- August 23, 2024
Recent Trends In Investor Relations In Nigeria: What MSMEs Can Learn
The investor relations (IR) industry in Nigeria has been buzzing with activity, reflecting a blend of innovation and adaptation. As companies strive to make their mark, micro, small, and medium enterprises (MSMEs) have a unique opportunity to leverage these trends to their advantage. Digital Transformation and Real-Time Reporting One of the significant shifts in […]
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- August 16, 2024
SMEDAN, NIPOST Partnership, A Boost For MSMEs Growth
The recent collaboration between the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Nigerian Postal Service (NIPOST) offers more than just a logistical solution for small and medium enterprises (SMEs). In providing a 15 percent discount on logistics services, this partnership aligns with broader national strategies, such as the GROW Nigerian initiative, […]
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- August 12, 2024
FG To Disburse N150bn Palliatives To Manufacturers, MSMEs
The federal government is set to commence the disbursement of the N150 billion presidential palliative program aimed at supporting manufacturers and micro, small, and medium enterprises (MSMEs). This announcement was made by Honourable Minister of Industry, Trade, and Investment, Mrs. Doris Aniete, in a recent statement released over the weekend through her spokesperson, Mr. Terfa […]
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- July 31, 2024
Boosting MSMEs: From Access Holdings’ N350bn Rights Issue
In a significant shift from traditional marketing strategies, Access Holdings, one of Nigeria’s largest financial services companies, has enlisted the help of social media influencers to promote its N350 billion rights issue. This move highlights the growing importance of social media in financial marketing, particularly as banks and financial institutions seek to reach younger, digitally […]
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