BOI, Tolaram Partner on MSME Development Hub
Bank of Industry partners with Tolaram's Lagos Free Zone to create an MSME hub, boosting non-oil exports via Lekki Deep Sea Port. Read how this drives Nigeria's economic transformation.
Category : Search result: MSME credit
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Dangote Refinery Offers 10-Day Credit, Free Fuel Delivery
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
NIRSAL Guarantees Over ₦100bn for Farm Loans in 2025
NIRSAL Plc has guaranteed over ₦100 billion in agricultural loans for 2025, a record high. Discover how this is boosting lender confidence and transforming Nigeria's agribusiness sector.
FG Orders Road Contractors to Stay on Site for Christmas
Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.
World Bank Approves $500m for Nigerian MSMEs
The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.
Accion MFB Calls for Urgent Reforms to Finance MSMEs
Accion Microfinance Bank pushes for digital onboarding and value-chain financing to unlock credit for Nigeria's informal sector, crucial for 80% of jobs. Read the key reforms needed.
SMEDAN Seeks CBN License for New Microfinance Bank
SMEDAN applies to CBN to launch a microfinance bank for direct SME funding. Agency also targets formalising one million businesses and unveiling a new MSME policy in 2026.
Kim Kardashian's Early Business Struggles with Bad Credit
Billionaire Kim Kardashian opens up about her early financial struggles running Dash, relying on Kourtney's credit card. Discover her journey from bad credit to business success.
Lagos MSME Trade Fair Aims to Strengthen Grassroots Economy
Lagos State announces a week-long MSME trade fair to empower small businesses, foster economic inclusion, and create jobs. Event runs from December 8-14 at Surulere National Stadium.
FCMB Named Nigeria's Best SME-Focused Bank for 2025
First City Monument Bank (FCMB) wins the 2025 Best SME Focused Bank award from CIBN, holding a dominant 24% of industry SME lending. Discover how they fuel Nigeria's top economic sectors.
$50m Credit Boost for Northern Nigeria MSMEs
British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.
CrediCorp's New Credit Scheme for Smartphones, Laptops
CrediCorp launches a digital device credit programme to help over 15,000 Nigerians afford smartphones and laptops. Apply now to boost your productivity and join the digital economy.
BoI disburses ₦1.27tr to enterprises, supports 900,000 jobs
The Bank of Industry disbursed over ₦1.27 trillion across 14 sectors in 2024, supporting 900,000 jobs. The bank is expanding green finance and renewable energy investments to drive Nigeria's industrial transformation.
FG Launches Device Credit for 15,000 Nigerians
The Federal Government, via CREDICORP, launches a national digital device credit programme to make smartphones and laptops affordable for over 15,000 working Nigerians, boosting digital inclusion.
UBA MD: Bank Credit is Not a Gift, Must Be Repaid
UBA MD Oliver Alawuba cautions Nigerians to treat loans responsibly as bank lending hits N46.7 trillion. CIBN also addresses 'Japa' impact with new fund. Read more.
Court dismisses NAIC appeal in N200bn agric dispute
Appeal Court affirms First Bank's victory over NAIC in N200bn agric credit scheme dispute. Justice Abang dismisses appeal as 'grossly misconceived'. Read the full legal analysis.
NICA Hosts Credit Conference & Awards in Lagos
The National Institute of Credit Administration hosted its 2025 Credit Managers conference and 10th Annual Nigeria Credit Industry Awards in Lagos to strengthen Nigeria's credit system.
CeBIH Demands Cultural Shift for Consumer Credit
Committee of e-Business Industry Heads urges Nigerians to rethink consumer credit to drive financial inclusion and economic growth ahead of 2025 conference.
BOI Unveils Business Clinic to Save Nigerian MSMEs
Bank of Industry launches structured Business Clinic model to address MSME survival crisis. Only 20% of Nigerian businesses survive past 5 years. New program targets 24,000 enterprises by 2027.
FirstBank Lends N200bn to Nigerian SMEs in 2024
FirstBank has disbursed over N200 billion to Nigerian SMEs, tackling funding gaps with uncollateralized loans and business training to foster economic growth.
Man's N1.3m Loan App Credit Score Stirs Reactions
A Nigerian man's display of his over N1.3 million credit score on a loan app has generated mixed reactions online, with many warning it's a trap. Discover the full story.
FairMoney Launches ₦5M Loan for Nigerian Pros
FairMoney Microfinance Bank launches FlexiCredit, offering Nigerian professionals loans up to ₦5 million. Learn eligibility, interest rates, and how to apply.
Ekondo MFB Launches WaterCredit Loans with Partners
Ekondo Microfinance Bank partners with NAMB and Water.org to launch EKWASH and EKPURELYFE loan products, expanding access to water and sanitation facilities across Nigeria.
Shettima, Elumelu Lead SMEDAN 2025 MSME Conference
Vice President Shettima and Tony Elumelu will headline SMEDAN's 2025 GROW Nigerian Conference in Lagos from November 16-18. Features policy sessions, exhibitions, and ₦20m pitch competition.
DFI Partnerships Unlock Millions for Nigerian MSMEs
Discover how a leading Nigerian lender is collaborating with development finance institutions to provide crucial financing solutions for micro, small, and medium enterprises across Nigeria.
DFI Partnerships Unlock Millions for Nigerian MSMEs
Discover how innovative lender partnerships with Development Finance Institutions are creating unprecedented access to capital for Nigeria's small businesses, driving economic growth and job creation across the nation.
APPNL Gets Dual Credit Rating Upgrades
Africa Prudential PLC receives simultaneous rating upgrades from two leading agencies, signaling strong financial health and enhanced market confidence in Nigeria's business services sector.
ESG Compliance: New Funding Path for Nigerian MSMEs
Discover how Nigerian small businesses are leveraging Environmental, Social, and Governance standards to access better funding opportunities and gain competitive advantage.
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