SME Finance

FG offers free business registration for 250,000 MSMEs

The Federal Government, under its recently launched Survival Fund Scheme, has offered free business registration for 250,000 Micro, Small and Medium Enterprises (MSMEs) nationwide.... Read more »

Stripe acquires Nigerian fintech startup, Paystack for about $200 million

Stripe, a leading American financial services tech company has acquired Nigerian fintech startup Paystack to expand into the fast-growing online market in Africa, the... Read more »

Registration is on for the FGN COVID-19 N75bn MSME survival fund

Interested applicants have started registration for the N75bn National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan.... Read more »

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 »