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CBN creates N500bn non-oil export stimulation facility

CBN creates N500bn non-oil export stimulation facility
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

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Major sources of funding for SMEs and large firms in a pandemic

Vanguard News
Major sources of funding for SMEs and large firms in a pandemic
On
By Timi Olubiyi
IN the country, apart from the known business challenges such as the decrepit infrastructure, inconsistent government policies, double taxation, regulation irregularities and the COVID-19 pandemic disruptions in recent times, lack of capital or funding issues contribute majorly to business failures.
According to findings of several surveys, one of the top challenges faced by entrepreneurs and businesses in Nigeria today is access to funding. Seemingly, funding is the bloodline of any form of business, whether it is a startup, nano, micro, small or medium-sized business, or an established large firm; knowing how to raise capital can often make the difference between business success and failure. ....

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NEXIM Shifts Focus to Women, Youths, SMEs with N10bn Seed Fund

The Nigerian Export-Import Bank (NEXIM) has shifted its support to women and youth exporters with a seed fund of N10 billion under a new programme coined ‘Women and Youth Export Facility (WAYEF)’.
The bank also announced a partnership with Afreximbank under which $50 million Project Preparation Fund (PPF) would be mobilised for Nigeria.
The objective of the PPF, it said, is to provide technical assistance to small and medium enterprises (SMEs), including those promoted by women and youths towards presenting bankable proposals thereby improving their access to funds.
The Managing Director/Chief Eexecutive Officer of NEXIM Bank, Abubakar Abba Bello, made the revelations in Abuja on March 30, 2021, at the launch of WAYEF. ....

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NEXIM launches N10b Women & Youth Export fund

Vanguard News
NEXIM launches N10b Women & Youth Export fund
On
By Emma Ujah, Abuja Bureau Chief
The Nigerian Export-Import Bank (NEXIM) has moved to support women and youth exporters with a seed fund of N10 billion under a new programme coined Women and Youth Export Facility (WAYEF).
The bank also announced a partnership with Afreximbank under which $50 million Project Preparation Fund (PPF) will be mobilised for Nigeria.
The PPF is to provide technical assistance to small and medium enterprises (SMEs), including those promoted by women and youths towards presenting bankable proposals thereby improving their access to funds.
Managing Director of the bank, Mr. Abubakar Bello, who spoke at the launch in Abuja, described empowering women as smart business, owing to the multiplying effects of women’s businesses on their families and the larger society. ....

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Calabar Port ships first cocoa export to United States, 14 yrs after concession

By Evelyn Usman
THE Calabar seaport, Cross River State, has recorded a historic 7,000 metric tonnes of cocoa export shipment to the United States of America, USA, the first time of such cargo since its concession over14 years ago. The export was handled from the Ecomarine Terminals.
Speaking at the load-out ceremony in Calabar, Governor Ben Ayade, called on the Federal Government to implement the agreement reached with the concessionaires on dredging of the Calabar port.
Boasting that the state was rich in agricultural resources, the governor asserted that the dredging of the port’s channels would be strategic in terms of employment opportunities. ....

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