SMEs Update

Latest developments affecting SMEs in Nigeria and Africa.
Information on new regulations or government initiatives impacting SMEs

CascadorSME

Cascador, Sterling Bank launch $200m SME Credit Backstop Fund

Cascador, a Nigeria-focused growth-stage founder platform, and Sterling Bank have launched a $200 million SME Credit Backstop Fund designed to solve one of the most persistent structural problems in Nigerian…

Nigeria’s $364m startup funding now faces scale-up test

CIBN urges banks to turn stronger balance sheets into SME credit

MoniepointMSMEs

Moniepoint disburses $700m to Nigerian MSMEs as data reveals women repay loans 2.5 times better than men

SMEDAN

SMEDAN says Nigeria lacks investment-ready startups, launches trainer programme to fix the pipeline

Standard Chartered

Standard Chartered holds SME Day session to push Nigerian businesses toward export markets

SME

81% of Nigerian SMEs are optimistic about growth, but 69% cannot access the credit they need

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