FG to put into record order exempting SMEs, manufacturers from paying withholding tax, Oyedele reveals Chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said the newly approved withholding tax regulation will be published in the official gazette in the coming days. Withholding[Read More…]
UBA Gets $100m Fund to empower women led SMEs The African Guarantee Fund (AGF) and United Bank for Africa (UBA) has signed a partnership that ensures that UBA provides $100 million in new loans to Small and Medium Enterprises (SME) and business owners across the 20 African countries where[Read More…]
Sterling Bank, EAS To Grow FX Earnings For Nigerian SMEs. Sterling Bank Ltd., Nigeria’s leading commercial bank, has proudly announced a strategic partnership with Export And Sell Nigeria Limited (EAS), a leading international trade consultancy, to organize the “Export to Wealth” conference. In a release on Monday, the company[Read More…]
FCMB launches accelerator programme to empower one million SMEs First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria. Partnering with SkillPaddy and other industry experts, the bank aims to equip startups and existing businesses with[Read More…]
NEPC, SMEDAN Partners to Enhance Exports for Nigerian SMEs The Nigerian Export Promotion Council (NEPC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is set to partner and enhance export for Nigerian SMEs. The union disclosed that the move will streamline trade facilitation and enhance[Read More…]
Ogun gives N1bn grant to SMEs The Ogun State Government has announced a N1 billion grant for over 1,000 Small and Medium-scale Enterprises to further mitigate the effects of COVID-19 in the sector. Ogun State Government on Sunday in a statement said that the N1 billion grant was the second[Read More…]
Ecobank, AGF sign $200m deal to fund SMEs Ecobank, the leading pan-African banking group, and the African Guarantee Fund, a specialised pan-African guarantee provider, have signed a $D200m risk-sharing agreement. The partnership is aimed at catalysing economic growth and supporting entrepreneurial ventures – including women-owned SMEs on the continent.[Read More…]
Microsoft to empower 10m SMEs with digital tools Microsoft Corporation said it will empower ten million small and medium enterprises by 2025. The President of Microsoft Africa, Lillian Barnard, disclosed this during a press conference in Lagos. Barnard said the tech giant will equip SMEs with essential tools, infrastructure, and[Read More…]
Access Bank Plc, EIB Partner To Empower SMEs, Women Through €50 Million Facility Access Bank Plc and the European Investment Bank (EIB), on Thursday, signed a memorandum of understanding, to deploy the long-term financing of 50 million euros, aimed at boosting the financial inclusion of young people and women[Read More…]
Odii assumes duty as SMEDAN DG, pledges more funds for SMEs The newly-appointed Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Charles Odii, has pledged to eliminate barriers inhibiting the growth of Small and Medium Enterprises (SMEs) in Nigeria. Odii made the pledge while assuming duty[Read More…]
