Category : Search result: SME growth fund


Benue PDP Chief Rejects Northern Security Fund

PDP chieftain Bemgba Iortyom rejects Benue's inclusion in the Northern Security Trust Fund, calling it a flawed plan that diverts state resources. He criticises Governor Alia's priorities.

Eko DisCo: Free Meters Only Through Official Portal

Eko DisCo urges customers to apply for free prepaid meters only via its official portal, warning against third-party scams. Learn about the MAF Tranche B scheme and community engagement in Apapa.

$50m Credit Boost for Northern Nigeria MSMEs

British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.

Nigeria Gets $100m AfDB Loan for Youth Fund

Nigeria's FEC has approved a $100 million AfDB loan for the Youth Investment Fund and a $50m Islamic Bank loan for Yobe agriculture. President Tinubu pushes for 7% growth.

House Probes Missing N30bn NSIPA Fund, Demands Action

The House of Representatives investigates over N30bn recovered from NSIPA, demanding its release to restart vital poverty-alleviation schemes. Lawmakers warn delayed funds worsen hardship. Read more.

NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms

NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.

Northern Governors Launch N16bn Monthly Security Fund

Northern governors and traditional rulers have approved a N16bn monthly security trust fund to combat banditry and terrorism. They also urged President Tinubu to suspend mining activities for six months.

Northern Leaders Suspend Mining, Back State Police

Northern governors and traditional rulers have imposed a six-month mining suspension and approved a N1bn monthly security fund to tackle banditry and insecurity. Read the full communiqué.

Nigeria's GDP Hits 3.98% in Q3 2025

Nigeria's economy expanded by 3.98% in Q3 2025, fueled by strong performances in Agriculture, ICT, and Finance. Get the full breakdown of the NBS report and what it means for the nation's growth trajectory.

Cross River Clears 500 for SME Loans at 5% Interest

Cross River State approves 500 entrepreneurs for SMEDAN-Sterling Bank loans at 5% interest rate. Governor Otu's initiative aims to boost small businesses and economic growth across the state.

Nigeria Launches Emergency GBV Response Fund

Federal Government announces emergency fund to combat gender-based violence and support survivors. New initiative launched during 16 Days of Activism against GBV.

Southern Governors Establish Zonal Security Fund

Southern Nigerian governors have agreed to create a regional security fund and enhance intelligence sharing to combat rising insecurity. The move aims to strengthen coordinated responses across state lines.

N50m Grants for 8 Young Nigerian Entrepreneurs

Mary Ojulari Foundation empowers eight young Nigerian entrepreneurs with N6.2m grants each after intensive Ignite Bootcamp. Discover how they are building scalable businesses.

Senate Confronts Nigeria's Health Funding Gap

Senate President Godswill Akpabio warns Nigeria's health funding falls critically short of commitments. The Senate moves to pass key bills, including doubling the Basic Healthcare Provision Fund, to tackle systemic crises.

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