Category Archives: SMEs

How companies step in to fund small businesses

As small businesses struggle to obtain the lending they need to start or grow, firms are increasingly stepping in to fill the gap left by banks. Younger, smaller businesses with less conventional business models or without a history of sales often find it particularly difficult to be approved for loans by traditional lenders, who can […]

Anti-corruption key to SMEs survival – CBI

The convention of Business Integrity, has identified anti-corruption as a key to the survival of Small and Medium Scale Enterprises, SMEs. The Co-Founder of the Convention of Business Integrity Mr. Soji Apampa, made this known at a Local Network’s Anti-Corruption Collective Action Incubation Lab Workshop, organised and jointly hosted by the United Nations Global Compact […]

NAP-60: SMEs to save N2.6bn annually in registration cost

By Nkiruka Nnorom MINISTER of Industry, Trade and Investment, Mr. Okechukwu Enelamah, has said that the National Action Plan, NAP-60 Plan, which major objective is to promote the ease of doing business in the country would save Small and Medium Enterprises, SMEs, in the country about N2.6 billion in registration cost annually. Okechukwu Enelamah, Minister […]

Entrepreneur bemoans banks’ inability to support SMEs

By Princewill Ekwujuru AN entrepreneur and jewellery designer, Mrs. Talatu Olulana, has lamented the inability or unwillingness of financial institutions in Nigeria to help Small and Medium Enterprises, SMEs, grow. Olulana, who is the Chief Executive Officer of Rare Gem Limited, stated this at a press briefing to unveil its multimillion Naira shop in Lagos. She asserted […]

Logistics firm unveils platform to connect SMEs globally

A LOGISTICS  company, Red Star Express, has unveiled plans to connect Small and Medium-scale Enterprises (SMEs) in the country and empower them to operate on global standard. Group Managing Director of the company, Mr Sola Obabori, launched the project in Lagos as part of activities to mark the firm’s 25th anniversary. He said that the initiative tagged, […]

Firm tutors SMEs on branding, marketing

By Princewill Ekwujuru MANAGING Director, TBWA Concept, Mr. Kelechi Nwosu, has called on Small and Medium Enterprises, SMEs, in Nigeria to adopt branding and marketing techniques that would grow their businesses. Nwosu made the call at an SME Breakfast in Lagos with the theme, “Growing SMEs through Brands and Marketing”. He advised that the SMEs […]