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Nigeria: How Power Cuts Cripple Small Businesses
Premium Times, 28 July 2020
"Up NEPA!" about a dozen teenagers playing within the verandah of the three-storey building housing Bola Kareem's shop screamed. Bola is not a teenager, but he joined in the… Read more »
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Nigeria: MSMEs As Catalysts for Economic Recovery
This Day, 17 July 2020
As the country marked the World MSME Day 2020, James Emejo writes that micro, small and medium scale enterprises have received unprecedented attention from policy makers who more… Read more »
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Nigeria: Microfinance Banks Seek New N250 Billion Support for MSMEs
Daily Trust, 27 July 2020
The National Association of Microfinance Banks (NAMB), at the weekend, asked the Central Bank of Nigeria (CBN) to provide a special N250 billion intervention fund for Micro, Small… Read more »
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Nigeria: FCT Minister Promises Support to Entrepreneurship Devt
Daily Trust, 23 July 2020
The FCT Minister, Malam Muhammad Musa Bello, has promised to support entrepreneurship development in the territory, saying it was the life wire of economic growth. Read more »
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Nigeria: 'SMEs Can Access Loans With Good Credit History'
Daily Trust, 21 July 2020
Despite current problems that make it difficult for small and medium enterprises (SME) to access loans, some financial experts have insisted that MSMEs can access loans if they… Read more »
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Nigeria: '42% Employed Nigerians Lost Jobs During COVID-19 Lockdown'
Daily Trust, 17 July 2020
The World Bank yesterday disclosed that about 42 percent of Nigerian workers lost their jobs between March and June during the total shutdown of the nation's economy as a result of… Read more »
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Nigeria: 'Lack of Business Clinic Hampering SMEs' Growth'
Daily Trust, 9 July 2020
The Association of Water Well Drilling Rig Owners and Practitioners (AWDROP) has identified environmental challenges, lack of business clinic and other problems associated with the… Read more »
Power Outages a Stumbling Block for Nigerian Small Businesses
According to the World Bank, the cost of power shortages in Nigeria is estimated at approximately U.S.$29 billion. The figure is equivalent to 2% of the country's Gross Domestic Product. The Bank says that about 47% of Nigerians do not have access to grid electricity and those who do have access, face regular power cuts, writes Oladeinde Olawoyin for Premium Times.
InFocus
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The Central Bank of Nigeria has waived the requirement for the provision of guarantors by households and small and medium enterprises applying for its U.S.$129 million targeted ... Read more »
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The country's national electricity grid collapsed again, sources in the industry have said. This follows a collapse earlier in the week which left Sokoto, Kaduna, Kano and Katsina ... Read more »
