The Central Bank of Nigeria has set N10bn as the maximum loan an obligor can access under its N250bn intervention fund for the gas sector. The CBN must have introduced the N250billion intervention facility to help stimulate investment in the gas value chain as part of its efforts to stimulate finance to critical sectors of […]
Not too long ago, the Nigerian Postal Service (NIPOST) introduced new charges that would cause an increase in the costs of licensing for logistics and courier service providers which resulted in major outrage all over the country. Small businesses in Nigeria are still trying to adjust and move around these changes that have been imposed […]
After the recent release of the Companies and Allied Matters Act that was just signed into law by the presidency. Religious leaders and bodies have come out to express their grievances with the new bill that has just been passed. Claiming it was aimed at stifling the growth and development of churches in Nigeria. Which […]
When the Federal Government approved the establishment of the N75 billion Nigerian Youth Investment Fund (NYIF), a crowd of young Nigerians were excited about the innovation. They hope it could reduce the surging rate of unemployment in the country, and the general economic breakdown now worsened by the Coronavirus (COVID-19) pandemic. With the recent approval […]
The ACGSF was established by Decree No. 20 of 1977, and started operations in April, 1978. Its original share capital and paid-up capital were N100 million and N85.6 million, respectively. The Federal Government holds 60% and the Central Bank of Nigeria, 40% of the shares. The capital base of the Scheme was increased to N3 […]
The Federal Government is set to inject over N600 billion as stimulus response into the agriculture sector. The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in a statement signed by the Director of Information of the ministry, Mr Theodore Ogaziechi on Sunday in Abuja. The minister according to the statement, made […]
In view of the strong representation of female entrepreneurs within the SMEs space, The Nigerian Stock Exchange (NSE) hosted a webinar in collaboration with the International Finance Corporation to address the theme, Supporting SMEs and Women-Owned Businesses in Corporate Value Chains. Speaking at the webinar, the Divisional Head, Shared Services, NSE, Bola Adeeko noted, “Entrepreneurs […]
Social media platform, Facebook, has announced a ₦500-million grant to support 781 small and micro businesses in Nigeria, as part of its $100 million Global Grants Programme, announced earlier this year, which aims to support 30,000 SMBs in over 30 countries. Facebook said the move is aimed at stimulating economic recovery following the effects of […]
Startup support organisation enpact has launched the Empowering Entrepreneurship Initiative, which will initially focus on helping hundreds of startups from across the world overcome challenges associated with COVID-19. The Empowering Entrepreneurship Initiative, launched by enpact, supports young, innovative businesses in Egypt, Ghana and Kenya, as well as Jordan, Indonesia and Mexico, with a curated combination […]
Ventures Platform, in conjunction with Acumen and LoftyInc, is calling on startup founders in Nigeria to apply for the Nigeria Impact Startup Relief Facility (NISRF). The program which aims to provide an equity-free grant of up to $20,000 aims to support businesses that are either being adversely affected or modified in response to COVID-19 for […]
