SME Finance

TradeDepot Raises $10m Pre-Series B Funding

TradeDepot, a Nigerian B2B startup with e-commerce platform for consumer goods in Africa, has raised US$10 million in a pre-Series B equity funding to... Read more »

Managing The Covid-19 Impact: Tips to Note

Since recording the index case of Covid-19 in Nigeria in February 2020 and the spill-over impact from countries already impacted, businesses in Nigeria and... Read more »

Fresh lifeline for SMEs to restructure and repay loans

With the lingering negative impact of Covid-19 on businesses, SMEs will now enjoy further respite through the African Guarantee Fund (AGF), a non-bank financial... Read more »

Nigeria based Helium Health Raises $7m in New Funding Round

Helium Health, an healthcare records management startup, raises $7million to boost its operations and reach. The company, started in 2014, is poised to digitize... Read more »

BOI grants 3-month moratorium on loans and slash interest rate by 2%

As part of the palliative for supporting businesses during the Covid-19 shutdown and losses, the Bank of Industry (BOI) has offered a three-month moratorium... Read more »

Access up to N25 Million Targeted Credit Facility (TCF) As COVID-19 Support

The Central Bank of Nigeria (CBN) ¬†introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19... Read more »

CBN Releases Guideline to Access N50bn COVID-19 Fund

The CBN has released the guidelines that must be followed by individuals and companies to access the N50billion targeted credit facility for households and... Read more »

Heritage Bank Advocates Increased Support For MSMEs

The Nigerian economy and GDP saw a boost with the improvement in GDP growth rate from 1.91% in 2018 to 2.27% in 2019. Consequently,... Read more »