A potential withdrawal of Meta’s Facebook and Instagram platforms from Nigeria, prompted by $290 million in fines and stringent regulatory demands, could jeopardise digital access for millions, particularly vulnerable communities, advocacy group Techsocietal said on Monday. The warning comes as tensions escalate between the US tech giant and Nigerian authorities over alleged data privacy and consumer protection violations. Meta, which …

The world has become a global village and any company, be it small or medium-sized, that does not embrace digital technology cannot be competitive as it will be operating at a big disadvantage. It is therefore in the interest of SMEs to adapt to the digital technological trend in order to survive and not die off prematurely sooner than later. …

The Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, on Friday, expressed the readiness of the agency to champion the current administration’s economic prosperity agenda, particularly by addressing obstacles hindering SME growth and protecting them from inflationary pressure. This was as he disclosed plans to create an enabling environment for the smooth operation of …

Sterling Bank Limited has announced a strategic partnership with Export and Sell Nigeria Limited (EAS) to organise the “Export to Wealth” conference, on 6th and 7th March. According the organisers, the conference aims to empower at least 2,000 export-ready businesses by providing practical tools and resources for successful sales on international retailing platforms. The collaboration between Sterling Bank and Export …

Union Bank of Nigeria has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises (SMEs) in the country to boost the growth and profitability of the sector. At the 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by BusinessDay newspaper, the Area Business Executive of Union Bank, Gloria Omereonye …

Google has announced the opening of applications for its Hustle Academy SMB Fund. It stated that the N75 million equity-free fund, which was dedicated to Nigerian Small and Medium-sized Businesses, would offer N5 million to 15 Nigerian small business owners. In a statement, the firm noted that small businesses form the backbone of the country’s economy but had issues securing …

In its commitment to upskill and improve Small and Medium Scale Enterprises (SMEs), Stanbic IBTC Bank has trained 2000 SMEs in Nigeria, in partnership with the FATE Foundation. The training is in line with the financial institution’s mandate of driving business growth and building capacities to create successful enterprises in the country. Head of Enterprise Banking at Stanbic IBTC Bank, …