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Why Funding Challenge Remains a Big Problem for SMEs in Nigeria

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Much has been said and written about the challenges of small businesses in Nigeria, a country struggling to cope with high unemployment and low productivity, amidst high...

DBN rolls out N25bn on-lending to SMEs through GTB

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The Development Bank of Nigeria, DBN, has extended its Micro, Small and Medium Enterprises, MSME, funding by additional N25 billion in a partnership with...

FCMB Empowers More SME Customers in Season 2 of “Race to...

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On Tuesday, May 21, 2019 First City Monument Bank (FCMB) rewarded another set of its Small and Medium Scale Enterprises (SMEs) customers in Season...

Angel Investors Extend Funding Support to Start-up Entrepreneurs in South South/...

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A group, South/Southeast Angel Investor Network (SSEAN), is supporting start-ups with funds. A member of the network, Uche Aniche, said the network is holding its deal day in...

Funding Nigeria SMEs Initiative Takes Off

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The Central Bank of Nigeria through the Bankers` Committee has concluded plans to take the ‘Funding Nigeria SMEs’ initiative to three states to enable small and...

Wema Bank, DBN to Fund MSMEs

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Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses...

Why You WON’T Get Funds For Your Business

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Most challenges faced by small businesses revolve around sufficient cash flow to run the business. It's nearly impossible these days to keep a small...

Apply For Venture Capital funding of between N10m and N100m

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Investment One Vencap Limited (“VENCAP”), the SME focused subsidiary of Investment One Financial Services Limited is calling early start ups and existing businesses that...

SME Fund: CBN disburses N170bn… N50bn still outstanding

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The Central Bank of Nigeria, CBN has said that out of the N220 billion Micro, Small and Medium Enterprises Development, MSMED, Fund available, about...

Bankers Meet to Discuss How Best to Fund SMEs

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The Bankers’ Committee, an umbrella body of senior officials of Central Bank of Nigeria (CBN) and chief executive officers of banks in Nigeria, is...

SMEs Rating Agency Underway to Facilitate Funding

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with Bank of Industry (BOI), Nigeria Export and Import Bank (NEXIM) and Dun & Bradstreet...

SMEs Funding Campaign Gets UNIDO Support

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The United Nations Industrial Development Organisation (UNIDO) has thrown its weight behind the numerous campaigns to get more funding to small and medium enterprises (SMEs)...

How we give loans at Lagos Trust Fund – LSETF boss

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The chief executive officer of the Lagos State Employment Trust Fund (LSETF), Mr Akintunde Oyebode, has been speaking on the activities of the Fund...