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Nigeria

Heritage Bank reports USD140billion SME funding shortfall

Bank study suggests serious lack of access to finance for Nigerian small businesses (more…)

#bank#business finance#forum

Afreximbank to host factoring seminar in Lagos

Event will aim to heighten awareness and lay ground work for new regulations (more…)

#bank#exports#factoring law


Access Bank commits to support SME contractors

Access Bank says it will provide proactive business banking solutions, including working capital finance to contractors... (more…)

#bank#banks#forum


ASBON to set up SME bank

The Association of Small Business Owners of Nigeria (ASBON) is working on establishing an SME mini bank to enable SMEs…

#bank#international#microfinance


Heritage Bank SME Clinic in Lagos unveiled

Heritage Bank offers concessionary funding support to SMEs. (more…)


AfDB offers lines of credit worth USD700m to two...

The African Development Bank (AfDB) has offered lines of credit to two Nigerian institutions, worth US$700million, with the aim of…

#African Development Bank#bank#exports


FCMB and Citibank agree USD20m loan to boost SME...

First City Monument Bank Plc (FCMB) has secured a US$20 million, three-year term loan from Citigroup Global Markets Limited (Citi),…


Banks finance government debt at the expense of businesses

Banks continuous preference for zero-risk investments in government securities have been hindering increased funding intervention in the real sector. (more…)

#bank#interest rates#liquidity


IFC and Africa Capitalization Fund agree USD70m SME financing...

The International Finance Corporation (IFC) and the Africa Capitalization Fund, a private equity fund managed by IFC Asset Management Company,…

#bank#financial services#international


FHAN President: Funding for finance houses needs boost

The president of the Finance Houses Association of Nigeria (FHAN) has called for the need to broaden the funding of…


World Bank urges government to up finance accessibility for...

The World Bank has urged Nigeria s Federal Government to continue to take steps to improve the lending environment for…

#bank#banks#funding


Nigeria: Untapped Potential

Factorscan looks at the untapped potential of factoring in Nigeria, and finds out how factors can bridge the country s…

#assignment of receivables#bank#conference

Banks urged to partner with SMEs

Banks operating in the country have been advised to partner with SMEs in order to propel the growth of the…

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