By Lydia Ngwakwe Firstbank of Nigeria Ltd. has cautioned Small and Medium-sized Enterprises (SMEs) against seeking financing from unlicensed money lenders generally referred to as loan sharks. Dr Abiodun Famuyiwa, Head, SMEs Banking and Money Transfer of the bank, gave the warning at Firstbank SMEConnect Webinar on Wednesday.Continue Reading
By Rukayat Moisemhe The Lagos Chamber of Commerce and Industry (LCCI) has charged its 117 graduating entrepreneurs to use their technical knowledge and resilience to build strong communities and contribute to the sustainable development of Nigeria. LCCI President, Dr Michael Olawale-Cole, gave the charge on Tuesday in Lagos at theContinue Reading
By Kadiri Abdulrahman A Professor of Capital Market at the Nasarawa State University, Keffi, Uche Uwaleke, says the 2024 budget as proposed by President Bola Tinubu is promising. Uwaleke, also President of the Association of Capital Market Academics of Nigeria, said this in an interview with the News Agency ofContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) has signed an additional 20 million dollars Trade Finance Facility with FSDH to support Small and Medium Enterprises (SMEs) in Nigeria. Mr Lamin Barrow, Director-General, Nigeria Country Department, AfDB, said this during the signing ceremony, on Thursday in Lagos. According to Barrow,Continue Reading
By Rukayat Moisemhe Some stakeholders have stressed the need for increased access to capital, technology and markets for the Small and Medium Enterprises (SMEs) to ensure global competitiveness. They spoke at the Nigerian-Canadian Business Association (NCBA) Second Edition Business Roundtable, on Tuesday in Lagos. The News Agency of Nigeria (NAN)Continue Reading
By Okeoghene Akubuike Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt. Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this at the Post-Event Virtual News Conference held in Cairo, Egypt onContinue Reading
By Lucy Ogalue The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses. The Director-General of SMEDAN, Mr Charles Odii, said this during the signing of a Memorandum of Understanding (MoU) between the parties on Wednesday in Abuja.Continue Reading
By Oluwatope Lawanson Dr Stephen Akintayo, a Real Estate Expert and Chairman of Gtext Holdings, says consistency through right partnerships and well calculated business risks are needed to survive in the present economic realities. He added that key factors for survival in the competitive market was building a legacyContinue Reading
By Okeoghene Akubuike The Statistician-General of the Federation, Prince Adeyemi Adeniran, says the Federal Government is committed to implementing the African Continental Free Trade Area (AfCTA) through use of official statistics. Adeniran, the Chief Executive Officer of the National Bureau of Statistics (NBS), said this at aContinue Reading
By Lucy Ogalue Seven newly elected Nigerian Governors visited the African Development Bank (AfDB) Group President, Akinwumi Adesina, in Abidjan to strengthen cooperation and unlock the country’s vast agricultural potential. A statement issued by the Bank on Saturday, said the delegation was led by Katsina State Governor Dikko Radda. TheContinue Reading
