Nigerian Small Businesses May Struggle for Bank Credit in 2027
By Oluwakemi Kindness Nigerian small businesses may continue to struggle to access formal bank credit in 2027 despite the banking sector’s ₦4.65 trillion recapitalisation. This according to DataPro is as high Treasury bill yields and monetary policy restrictions encourage lenders to favour government securities over private-sector lending. DataPro, in its Risk Quarterly report which examined […]
128 Women Exporters Secure ₦980m WEIDE Grants
By Oluwakemi Kindness A total of 128 women-owned export-oriented Micro, Small and Medium Enterprises (MSMEs) have received grants worth 710,000 US dollars (about ₦980 million) under the Women Exporters in the Digital Economy (WEIDE) Fund to help expand their businesses into international markets through digital trade. The Nigerian Export Promotion Council (NEPC) announced the development […]
SMEDAN DG urges governors to boost MSMEs
By Oluwakemi Kindness Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, has urged state governors to establish more MSME development and skill acquisition centres and provide matching funds to accelerate the growth of small businesses across the country. Speaking at the 2026 World MSME Day celebration in Abuja at […]
ITF to Launch Incubation Programme for SUPA Artisans
By Oluawkemi Kindness The Industrial Training Fund (ITF) is set to launch a Business Incubation Programme under its Skill-Up Artisans (SUPA) initiative to support graduates in establishing and growing small businesses across Nigeria. The programme is aimed at bridging the gap between skills acquisition and entrepreneurship by providing beneficiaries with business development training, mentorship, certification […]