August 3, 2025

Unable to secure loans

Business

Many Nigerian MSMEs Unable to Secure Loans, Industry Insiders Warn

A growing number of entrepreneurs in the micro, small and medium enterprise (MSME) sector are struggling to access formal credit, even as they power over 50% of Nigeria’s GDP and employ around 80% of the workforceBusiness A.M – Braking news at tips . Among the hurdles, banks continue to impose steep collateral demands and high

Read More