In a bid to help mitigate the impact of Covid 19 on small holder farmers, the Adamawa State Government says it has procured 5,000 metric tonnes of fertiliser for distribution to farmers, to encourage productivity. Dr Dishi Khobe, the state’s Commissioner of Agriculture, stated this in an interview with the News Agency of Nigeria (NAN), […]
In recent times, Nigeria has been among the leading countries for crypto adoption globally. In Q1 2020, Nigerian youth led the rest of the world in crypto adoption, and according to a report by Chainalysis, Nigeria was eight overall in crypto adoption in Q2 2020. This rapid adoption and apparent absence of a definite regulation […]
Vanguard reports that, Non-governmental organization in the information security domain, CyberSafe Foundation, has unveiled plans to equip digitally vulnerable groups and 1500 SMEs with the knowledge and skills required to identify, protect, detect, defend and respond to COVID-19 instigated cyber threats, enabling a safe digital community. The foundation which said it is on a mission […]
The federal government has officially flagged off the N60 billion Micro, Small and Medium Enterprises (MSME) Survival Fund and Payroll Support Scheme. During the official flag-off held in Abuja on Thursday, the Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, said the two schemes were part of the government’s N2.3 trillion Nigeria […]
Financial crises usually call for major policy responses as well as frameworks to contain the damage done to the economy and the society, in order to safeguard financial stability in the future. To be prepared to manage the risk of continuous distress in the Nigerian banking sector, the CBN in 2012 integrated sustainable business practices […]
Electricity is an integral part of the economic and social life of any nation. However, Nigeria is still plagued with electricity concerns, from low generation, poor supply to load shedding and rationing, citizens & entrepreneurs are now familiar with the frequent power outages. In addition, with the monopoly structure of the electricity market in Nigeria, […]
The economic recovery from the COVID-19 crisis in Nigeria hinges on the survival of SMEs, which employs a large fraction of the region’s workforce. The Federal Government is responding with economic stimulus packages, including liquidity or methods to prop up demand for SMEs. As a result of the ravaging pandemic, Small and Medium Enterprises SMEs […]
The Development Bank of Nigeria is a development finance institution focused on alleviating financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance. In addition, DBN loans have a longer tenure than other commercial loans, which are usually short-term. To start or grow […]
The controversy following the assent into law by President Muhammadu Buhari of the Companies and Allied Matters Act, CAMA, 2020, is an issue that requires amicable resolution rather than a unilateral mindset. Religious bodies and other non-governmental organisations had repeatedly called on the Federal Government for a review of the Act as they faulted some […]
Small & Micro Businesses have been urged to take advantage of the various funding readily made available by the Central Bank of Nigeria, there are windows to grow their businesses as the government is striving to revamp the economy through their efforts. The SUN reports that the Director, Development Finance, Central Bank of Nigeria (CBN), […]
