MSME
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economy
IIF, Kuramo launch fund to support MSME financing
Lagos, Oct. 29, 2024 (NAN): The Impact Investors Foundation (IIF), in collaboration with Kuramo Capital Management, on Tuesday introduced the Wholesale Impact Investment Fund (WIIF) to Pension Fund Administrators (PFAs) alongside other pension stakeholders and regulators. Mr. Afolabi Oladele, Chairman of IIF, said this at a roundtable for PFA investors on the Nigerian WIIF in Lagos. The News Agency of…
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General News
GIZ to close gaps between MSMEs, market place
The German Agency for International Cooperation (GIZ) says it is committed to closing identified gaps between micro, small, and medium enterprises (MSMEs) and the market place. Ms. Sina Uti-Waziri, GIZ Head of Component on Access to Markets and Innovation, said this on Tuesday in Abuja at a stakeholder’s forum on industrial cluster development organized by GIZ. Uti-Waziri said that efforts…
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economy
Federal Government Set to Disburse N125 Billion in Fuel Subsidy Palliative Programme
The Nigerian government has announced plans to commence the disbursement of funds totaling N125 billion as part of its Presidential Palliative Program. This initiative aims to cushion the impact of the recent removal of fuel subsidies. Doris Uzoka-Anite, the Minister for Industry, Trade, and Investment, revealed the details of the programme in a statement issued on Sunday. The comprehensive scheme…
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Featured
Gov Udom, Elumelu, Dangote, Katagum Others win MSME Impact Awards
The Nigerian Association of Small and Medium Enterprises (NASME) on Wednesday unveiled 84 recipients of its MSME Impact Awards as part of the forthcoming 25th Anniversary Lecture and Awards Nights holding at the Ibom ICON Hotel and Golf Resort, Uyo on the 12th of November, 2022. Africa’s prominent business promoter, Mr. Tony Elemelu, CFR; Governor Emmanuel Udom of Akwa Ibom…
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Featured
NAFDAC registers 400 regulated products in Kaduna
The National Agency for Food and Drug Administration and Control (NAFDAC) says it registered about 400 regulated products in 2021. The state Coordinator, Mr. Nasiru Mato, disclosed this in an interview with the News Agency of Nigeria (NAN) in Kaduna on Thursday. Mato said the products comprised of foods, cosmetics and packaged water. He added that “it was indeed a success…
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News
Ebi Marketplace: Access Bank partners SME.NG
SME.NG in partnership with Access bank Plc and other leading institutions, including the Bank of Industry (BOI), LAPO Microfinance Bank, Chapel Hill Denham, and the Impact Investment Foundation Nigeria are launching the Ebi Marketplace – a Nigerian innovation for female entrepreneurs. The Ebi Marketplace consists of an access to capital market, an e-commerce mall and a knowledge market for female…
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economy
Economy: LCCI DG advises FG
Dr Chinyere Almona, Director-General, Lagos Chamber of Commerce and Industry (LCCI) has charged the federal government to address matters affecting ease of doing business and other real sector parameters, for improved economic outcomes. Almona gave the advice at a familiarisation parley with newsmen on Friday in Lagos. The LCCI DG, who assumed office in July, said government must adopt an…
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Finance
Survival Fund: FG releases registration schedule as portal opens Monday
As the portal for the registration of prospective beneficiaries for the Survival Fund opens on Monday, the Federal Government has released the timetable for categories of businesses to register. A statement issued in Abuja on Sunday by the Project Delivery Office stated that the portal which opens at 10 PM, will have educational institutions as the first category of beneficiaries…
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NEWS
UBA to host workshop for MSMEs
As part of its continued bid to support the growth of micro small and medium enterprises (MSMEs) and equip them with the necessary tools to help them strengthen and sustain their businesses, the United Bank for Africa (UBA) Plc is set to organise another MSME workshop for entrepreneurs. The workshop, scheduled for Wednesday via Microsoft Teams, will host professionals who…
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NEWS
COVID-19: Osinbajo lists support schemes for MSME survival
Vice President Yemi Osinbajo says the Federal Government, through the National Economic Sustainability Plan (NESP), is set to implement a number of schemes to keep Micro Small and Medium Enterprises(MSMEs) afloat. The vice president listed Survival Fund including payroll support for three months, guaranteed off-take scheme among others as part of efforts to support small businesses in Nigeria to survive…
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Africa
AfDB lends Mauritius €188 million for COVID-19 fight
The African Development Bank Group’s Board of Directors, on Friday, said it has approved a €188 million euro loan to the Republic of Mauritius to finance a national budget support programme to respond to the COVID-19 pandemic. The main aim of the Covid-19 Rapid Response Facility (CRF), established by the Mauritian Government, is to support the national response fighting the…
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