SMEs

The Development Bank of Nigeria (DBN) sys it is expanding its support for Micro, Small, and Medium Enterprises, (MSMEs), by growing its outstanding loan portfolio to over N1.8 trillion. Its Managing Director, Tony Okpanachi, said that the move aligns with the bank’s five-year strategic plan, meant to further drive economic...

The Nigerian Economic Summit Group (NESG) says private sector remains vulnerable, with 30 percent of micro, small and medium enterprises (MSMEs) shutting down between 2023 and 2024. According to a statement on Saturday, Segun Omisakin, NESG’s chief economist, spoke at the 2025 private sector outlook launch, outlining major risks confronting...

Fidelity Bank, a leading financial institution, has announced the imminent launch of its dedicated physical facility for Small and Medium-scale Enterprises (SME) and entrepreneurs in the creative sector. Known as the Fidelity SME Hub, the multipurpose facility features training halls, meeting rooms, networking spaces, podcast rooms as well as music,...

Foremost financial institution, Union Bank of Nigeria, has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector. This assertion was made at the 2023 edition of the ‘Top 100 Fastest Growing SMEs in...

The Nigerian Communications Commission (NCC), says Small and Medium Enterprises (SMEs) and Start-ups are catalysts for promoting wealth creation, employment generation and economic prosperity. NCC’s Executive Commissioner, Technical Services, Ubale Maska, said this at the inauguration of the National SMEs/Entrepreneurship Forum for Start-ups in Emerging Technologies organised by the commission,...

  In line with its commitment to support women and youth-owned businesses in Nigeria, Access Bank Plc has partnered with the Federal Government to provide N30 billion in support for four million Micro, Small and Medium Enterprises (MSMEs). The Group Managing Director/Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna,...

  provides local funding for stock purchase Polaris Bank, in its show of commitment towards empowerment of  Small and Medium-sized Enterprises (SMEs), has announced a strategic partnership with Export and Sell (EAS), a renowned expert in export solutions, to train and subsequently fund over 1,000 successful SMEs on export opportunities...

    Vice-President Kashim Shettima says the Federal Government has partnered with Wema Bank to establish micro, small and medium enterprise (MSME) digital hubs in seven states. In a statement signed by Olusola Abiola, Director of Information in the Office of the Vice-President, Shettima said the hub will empower one...

    The Queens Borough of New York City, USA has partnered with the Lagos State Government on a learning exchange program to drive technological innovations and foster entrepreneurial and economic growth between Lagos and New York City. The Queens Borough - Lagos State alliance is aimed at inspiring collaboration,...

One of Africa's fastest-growing companies, Sterling Bank, has recently signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This will help in scaling intervention programs and providing tailored solutions that truly...