Heritage Bank Holds Business Exhibition

Heritage Bank Limited has announced plans to host its maiden business fair to support the small and medium scale enterprises (SMEs) in the country.

The two-day exhibition is one of the activities to mark the bank’s 2014 customer service week scheduled for October.

Explaining the rationale behind the maiden Business Fair, Group Head, SME, Heritage Banking Company Limited, Bayo Ogunnusi said, it is being organised in line with the bank’s vision of promoting economic development through supports for SMEs.

He added, in a statement that

World Bank approves $500m credit for SME in Nigeria

The Board of Executive Directors of the World Bank has approved 500-million- dollar credit for Medium and Small Scale Enterprises in Nigeria, to increase their access to finance, a statement issued by  Bamidele Oladokun said on Friday.

In the statement, Oladokun, the bank’s Communication Specialist, said that the fund was from the International Bank for Reconstruction and Development (IBRD) to support SME projects.

“The project is in support of the government’s efforts to promote the growth and job creation potential of the private sector through improved access to financing.

SON to review cassava flour standard to benefit SMEs

The Standards Organisation of Nigeria (SON) on Thursday said that Small and Medium Enterprises (SMEs) would play major role in the newly drafted standards for cassava products in the country.

Dr Joseph Odumodu, the Director General of SON, said this in Lagos at the conclusion of  the work of a technical committee set to up to elaborate and review standards of cassava products.

“It was not the first time SON is elaborating standards on cassava products. It was just a combination of review and elaboration of new ones,” he said.

Odumodu, who was represented by Mr Louis Njoku, Head of Laboratory in SON, said that cassava had been adopted by the African Union as one of its focal crops.

He said that standardisation of cassava bread was on the agenda of the African Regional Organisation for Standardisation Agenda.

“The benefits of our deliberations today go beyond Nigeria and will