Tag Archives: SME

Bank of Industry Bars Importers, Traders From Accessing Loan Facility: Seeks SMEs’ friendly banks

Bank of Industry Bars Importers, Traders From Accessing Loan Facility: Seeks SMEs’ friendly banks

In a renewed bid to pursue its core function of industrialization, the Bank of Industry (BOI) has barred importers and traders from accessing credit facility from the bank. This is coming as the bank has also begun a survey of …

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Sambo Flays Commercial Banks’ High Lending Rates

Sambo Flays Commercial Banks' High Lending Rates

Vice-President Namadi Sambo last week flayed the high rate at which commercial banks charge interest rates. This, according to him, hampers small and medium scale enterprises (SMEs) in accessing finance for their operations. He stated this in Saudi Arabia when …

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