Nigeria:   CBN's Non-Interest Loans - NANTS Urges Members On Opportunities

Daily Trust, 22 July 2020

The Kano State Chairman of the National Association of Nigerian Traders (NANTS), Alhaji Umar Ibrahim, has called on traders in the state to explore the opportunities in the revised… Read more »

Nigeria:   80,000 Beneficiaries Receive U.S.$126 Million in COVID-19 Funds

This Day, 29 June 2020

The Central Bank of Nigeria (CBN) has so far disbursed N49 billion out of its N50 billion Targeted Credit Facility meant to cushion the impact of the COVID-19 on the economy. Read more »

Nigeria:   CBN - 17 Banks Request to Restructure 32,000 Customers' Loans

This Day, 26 June 2020

The Deputy Governor, Financial System Stability Department, Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad, has said that 17 commercial banks have submitted requests, as at last… Read more »

Nigeria:   '22% of Nigeria's MSMEs Face Financing Hurdles'

Daily Trust, 23 June 2020

Small business owners in Nigeria have identified problem of accessing funds as the biggest challenge hampering their growth initiatives, and by implication, their capacity to… Read more »

Nigeria:   Nigeria Small Businesses Face N617.3 Billion Funding Gaps Annually - PWC

Vanguard, 23 June 2020

Following the age-long challenge of obtaining funding faced by small businesses, PricewaterHouse Coopers (PwC) has said that Small and Medium Enterprises (SMEs) in Nigeria face an… Read more »

Nigeria:   We Are Committed to SMEs Development in Nigeria - Jumia

Daily Trust, 22 June 2020

Jumia Nigeria says it will increase its contribution to the growth and capacity building of small and medium scale enterprises (SMEs) in Nigeria. Read more »

Nigeria:   Obtaining Finance, Infrastructure Deficit Top Challenges for MSMEs - Survey

This Day, 22 June 2020

Small Businesses in Nigeria have listed the most pressing problems impacting their operations to include obtaining finance, finding customers and infrastructure deficits. Read more »

Nigeria:   U.S.$129 Million COVID-19 Loan - CBN Waives Guarantor Requirement

Vanguard, 9 June 2020

The Central Bank of Nigeria (CBN) has announced that households and Small and Medium Scale Enterprises, SMEs applying for the N50 billion COVID-19 Targeted Credit Facility would… Read more »

Nigeria:   97% of Businesses Recorded Losses During Lockdown - Report

Premium Times, 15 June 2020

A whopping 97 per cent of Nigerian businesses recorded losses during the lockdown over Covid-19 while 87 per cent said they have been negatively affected overall by by the… Read more »

Nigeria:   COVID-19 May See 39.4 Million Nigerians Jobless In 6 Months - Govt

Daily Trust, 12 June 2020

Vice President Yemi Osinbajo said on Thursday that unemployment may rise to 33.6 percent, which means a total of 39.4 million people will be jobless by the end of 2020 if the… Read more »

Nigeria:   Coronavirus - About 4 in 10 Nigerians Lost Their Jobs in April - NBS

Premium Times, 7 June 2020

Not less than four in every ten Nigerians (42 per cent) who were working before the outbreak of coronavirus in the country lost their jobs due to the impact of COVID-19, in April,… Read more »

Nigeria:   CBN Set to Credit More Applicants for N50 Billion COVID-19 Fund

This Day, 9 June 2020

The Central Bank of Nigeria (CBN) yesterday assured all successful households and small and medium scale enterprises (SME) applicants that have submitted their account details for… Read more »