Banking

Why can't small businesses access finance?

VerifyMe Nigeria CEO Eshigie Aguele said the lack of a trust infrastructure is hindering the growth of small and medium enterprises (SMEs) in Nigeria. In a statement provided to The PUNCH on Thursday, Aguele made the announcement while serving as a special guest on the Fidelity SME forum. He said: “One of the biggest barriers to small business growth in the United States is the lack of…
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Banking

Agusto & Co forecasts 16.5% banking sector loan growth

Agusto & Co. Limited, a pan-African credit rating agency and business information provider, has projected loans in the banking sector to rise by 16.5 per cent. It disclosed this in its annual ‘2022 Nigerian banking industry report’, which provided a comprehensive…