The Lagos Chamber of Commerce and Industry (LCCI) says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is about N2.7 billion, due to the recent Coronavirus (COVID-19) lockdown. LCCI’s Director-General, Dr Muda Yusuf, made this known on Sunday through the LCCI’s Economic and Business Review for 2020 and Outlook for 2021. Yusuf further attributed Read More…
The Federal Government on Thursday called on the private sector to participate in the establishment and running of Correctional Centre skills in the country. The Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, SAN, made the call in Abuja while declaring open a three-day National Meeting on Correctional Reforms in Read More…
The Federal Government says it will effect a change in Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed off-take Stimulus Scheme site from Nov.1 due to operational challenges. Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment and Chairperson of the Steering Committee of National MSMEs Survival Fund and Guaranteed off-take Read More…
Alhaji Garba Abubakar, the Registrar-General, Corporate Affairs Commission (CAC), says the Companies and Allied Matters Act, 2020 (CAMA 2020) will reduce the burden of starting and running small businesses in Nigeria. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. He said that the provisions of Read More…
The Chief Executive Officer, Nigerian Bottling Company Limited (NBC), Mr Matthieu Seguin, on Wednesday said the organisation remained passionate about the growth of Nigerian youth, especially given the current challenges posed by the COVID-19 pandemic. Seguin made this known in a statement issued in Lagos, on his endorsement, alongside other corporate organisations, of the Nigeria Read More…
The Federal Government says applicants will not pay any ‘facilitation fee’ to access its intervention grant for Micro, Small and Medium Enterprises (MSMEs), and cautions unsuspecting applicants against fraudsters. Mrs Mariam Katagum, the Minister of State for Industry, Trade and Investment, stated this at a news conference on the implementation process of the Survival Fund in on Thursday Read More…
The Association of Food and Agro Processors (AFAP) says it has evolved mechanisms to assist Small and Medium Enterprises (SMEs) drive Lagos State into a food processing hub for local and export markets. Mr Duro Kuteyi, National President of AFAP, made this known at the Lagos State MSME Exclusive Fair on Wednesday in Lagos. Kuteyi Read More…
Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum, says government had received 38,000 applications for the N75 billion Micro, Small and Medium Enterprises (MSME) survival funds. Katagum made this known in her opening remarks at a Business Advocacy Roundtable webinar by the Nigerian-British Chamber of Commerce (NBCC) on Tuesday. According to her, the applications were Read More…
The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). The CBN made this known in its latest guidelines released on its website on Tuesday. It said the 10 guidelines also included the Read More…
Gov. Babajide Sanwo-Olu of Lagos State says the state is adopting measures to absorb the shocking effects of COVID-19 pandemic on Micro, Small and Medium Enterprises (MSMEs) for business sustainability and growth. Sanwo-Olu made this known in a private sector interactive webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) on Wednesday in Read More…