Banks awash with excess cash amidst poverty
•As banking system liquidity surges 17% to N5.5trn By Elizabeth Adegbesan Amidst prevalent poverty in the country, Nigeria’s financial sector experienced a major injection of cash as the average net liquidity in the banking system surged to N5.53 trillion in May 2026. This represents a 17.16 per cent increase from the N4.72 trillion recorded previous […]
BeepMAGNET unveils youth entrepreneurial, empowerment platforms
BEEPMAGNET International Group has introduced two of its e-compliant entrepreneurship and empowerment innovation platforms called the GoldClub 3.0 and the BMCoin.
LSETF approves N4.9bn loans for 6,548 MSMEs
THE Lagos State Employment Trust Fund (LSETF) has so far approved N4.9 billion for disbursement to 6,548 small business owners, under its micro, small and medium enterprises (MSME) loan programme, out of which N4.1 billion loans have been fully disbursed to over 4,762 beneficiaries.
NB disburses N96m to SMEs through Isedowo initiative
NIGERIAN Breweries (NB) Plc’s empowerment initiative, Isedowo, has so far supported 32 artisans and small scale business operators in Osun and Ekiti states with N96million with each entrepreneur collecting N300,000.
SMEDAN leads 26 MSMEs to China Expo 2017
THE Small and Medium Enterprises Development Agency of Nigeria SMEDAN has taken the ‘Buy Made in Nigeria’ campaign to China with its attendance at the just concluded China International SME Fair (CISMEF). Twenty six Nigerian Micro Small and Medium Entrepreneurs (MSMEs) showcased over 40 different products at the fair.
BJAN: Adopt corporate governance practices, CoreEXM’s MD, Okonkwo urges firms
Solabomi Okonkwo, Chief Executive Officer of CoreEXM, says corporate governance is crucial to the growth of both state-owned enterprises (SOEs) and private companies in Nigeria.
