geo/nigeria
This interview to 22 small business owners who are clients of Accion Microfinance Bank (AMfB) to learn more about their financial health and capability is part of a research to develop a framework to help MSMEs better understand and achieve financial health.
Ecobank Nigeria said it has successfully removed over two million plastic bottles in exchange for cash from the streets of Lagos.
The campaign which started in May targeted to remove at least four million PET bottles from the environment was part of the bank’s environmental sustainability campaign.
ACCESS Bank Plc granted about N37 billion loans to small and medium enterprises (SMEs) in the immediate past business year as the commercial bank concludes arrangements to launch an innovative portal that allows customers to process their loan application online.
Washington, D.C. October 16, 2018 – The Development Bank of Nigeria (DBN) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
SME Finance Forum member Development Bank of Nigeria is working to aid in providing finance to MSMEs. Calling it a "nightmare," its Managing Director/Chief Executive Officer, Tony Okpanachi, was appointed in 2017 with the mission to alleviate the financing constraints faced by MSMEs and small corporates in Nigeria. The Sun says his job remains to provide financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.
The SME Sustainability & Growth Conference is aimed at facilitating a much needed conversation between government and solution providers in banking, development finance, business consultants, and SMEs, to foster collaboration and growth.
The event will provide an opportunity for
Nigeria has an opportunity to establish itself as one of the hottest FinTech hubs. Professionals emphasize significant FinTech opportunities in Nigeria that could potentially redefine the financial services landscape over the next five years.
Nigerian startup KiaKia is helping to make direct and peer-to-peer consumer and SME loans accessible and obtainable for underbanked and unbanked Nigerians without credit histories through its online proprietary credit scoring and risk assessment algorithm.
Launched to the public in November of last year, KiaKia aggregates digital data and utilises machine learning, digital image forensics and psychometry to perform credit scoring and risk assessment services, to qualify and grant consumer and SME borrowers loans.
Bank-led financial services group, headquartered in Lagos, Nigeria, with operating companies divided along three business groups: commercial and retail banking, investment banking and asset / wealth management.
Proshare shared results of the Development Bank of Nigeria, that hosted a year-to-date business presentation on its activities since inception. Those results include N31.364bn Spent in 2018 on MSMEs and 35,000 MSMEs End-Borrowers Benefitted in 2018, among other accomplishments.
Established in 2017 the Development Bank of Nigeria is regulated by the Securities and Exchange Commission, and is licensed by the Central Bank of Nigeria.
The DBN which is designed to provide access to funding for Micro, Small and Medium Enterprises, MSMEs has the following as it core mandate;
