General News
Looking to Scale your Business Through 5 SME Loan Schemes

With the persistent narrative around lack of access to quality loans for Small and Medium-scale Enterprises (SME) coupled with the fact that they play a pivotal role in driving the economy and reducing unemployment, it is disheartening to find that these small businesses still suffer from inadequate funding.
Fidelity Bank PLC is however changing this narrative with its diverse loan offerings designed to help small business owners scale their ventures. Some of these offerings include:
The Commercial Support Overdraft
The Commercial Support Overdraft, also known as CSO, is a 30-day finance facility usually given to trading SMEs to help them meet short-term financing needs. SMEs have the opportunity of accessing overdrafts to the limit of N3million.
However, only MSMEs who deal in fast-moving consumer goods and have very short cash conversion cycles are eligible for this offering.
Traders Support Facility (TSF)
The TSF is a short term loan that lasts for only 180 days. Like the Commercial Support Overdraft, this offering is available to only MSMEs that trade fast-moving consumer goods. The difference is that MSMEs can only access this option in well-organised market clusters like APT Jewelries market, Alaba and the Plumbing materials market.
Fidelity Distributors’ Finance Scheme
This loan programme is tailored to enable distributors of fast-moving consumer goods pre-approved by the bank to access funds for easy stock acquisition or replenishment. An exciting feature of this loan programme is that it is not location bound. Under this programme, distributors can access up to N100 million monthly for an entire year.
Fidelity EduLoan
This loan offer is designed to provide working capital and expansion finance to private schools that operate accounts with Fidelity Bank and are registered with recognised Ministries of Education.
Educational institutions that take advantage of these loans can access up to N150 million in loans depending on what the funds are needed for. Furthermore, loans under this category run for as long as 36 months, giving the institutions sufficient time to maximise the funds accessed and pay back to the bank.
For schools to take advantage of these loans, they must have been in operation for at least three years.
Fidelity Pharmacy Support Facility (FPSF)
This is an MSME focused loan product that aims to provide capital to duly incorporated community pharmacies to secure drugs for sale. Pharmacies that wish to secure this loan must have been in operation for at least two years, licensed by the Pharmacists Registration Council of Nigeria and certified members of the Association of Community Pharmacists of Nigeria (ACPN). Under this loan scheme, retail pharmacies can access loans of up to N5 million and wholesalers N10 million.
Fidelity Bank’s loan initiatives have been a lifeline for many MSMEs, which will have otherwise gone into extinction in Nigeria’s harsh economic terrain. This has thus made the bank the go-to financial institution for discerning entrepreneurs.
General News
NITDA Reacts as Firm Petitions over Deployment of Fake PCs

National Information Technology Development Agency (NITDA) has reaffirmed its commitment to promoting indigenous technology operators, dismissing allegations that it encouraged the deployment of fake locally made personal computers.
Responding to accusations from the Certified Computer Manufacturers of Nigeria (CCMON) regarding the alleged spread of counterfeit locally produced PCs, NITDA stressed that it limits government IT contract registration to firms with at least 51 percent Nigerian ownership.
The agency stressed that it aligns with the Federal Executive Council–approved “Renewed Hope Nigeria First Policy” of May 2025, which prioritises Nigerian-made goods and mandates foreign procurements only when no local alternative exists.
NITDA said it is also investing in talent development through its Office for Nigerian Digital Innovation (ONDI), supporting startups, SMEs, and training public servants to meet global standards.
Addressing the “SpeedStar PC saga,” NITDA clarified that the project in question dates back to 2019, and any hardware faults after six years of use cannot be attributed to the agency.
Meanwhile, Beta Computers makers of the SpeedStar PC and a founding member of CCMON has petitioned the Ministry of Communications, Innovation and Digital Economy over the alleged deployment of counterfeit SpeedStar units by NITDA contractors.
In an April 3, 2025 petition, Will Anyaegbunam, managing director, Beta Computers’ accused certain contractors of sabotaging presidential directives on patronising locally made computers.
He claimed that despite repeated requests since August 2024, NITDA has refused to reveal the identity of the contractor linked to counterfeit SpeedStars supplied to an institution in northern Nigeria.
Anyaegbunam further alleged possible collusion within the agency and vowed to pursue legal action to protect the brand’s equity, which has been trademarked since 1996.
Beta Computers has also filed a Freedom of Information request to obtain the names of all contractors who supplied SpeedStar PCs to Gombe State University and other institutions since 2019.
General News
Airtel Nigeria Launches ‘Airtel Assist’ on WhatsApp

Airtel Nigeria has taken another bold step in its digital transformation and quality of service drive with the launch of Airtel Assist, a WhatsApp-based self-service chatbot designed to offer real-time support to millions of the network’s customers.
Built to meet the growing needs of today’s digital consumer, Airtel Assist provides round the clock full-service experience that allows customers to check balances, buy airtime or data, make secure payments, troubleshoot issues, and access personalised assistance all from the convenience of WhatsApp.
At the core of this innovation is Airtel Nigeria’s commitment to putting people first, ensuring customer experiences are faster, more intuitive, and deeply personalised.
Speaking on the launch, Airtel Nigeria CEO, Dinesh Balsingh, said, “This is Airtel meeting Nigerians exactly where they are, on platforms they trust and use every day.
With Airtel Assist, we are adapting technology at the personal level. It’s fast, secure, and always available, designed to serve real people with real needs, in real time. As a company with a constant focus on customer satisfaction, this is one of the ways we make customer care more accessible.”
The new chatbot highlights Airtel’s continued integration of AI-powered tools to scale service delivery, reduce wait times, and maintain secure customer interactions, solidifying its position as a customer-first, innovation-led brand in Nigeria’s telecom landscape.
It also demonstrates the company’s clear ambition to lead innovation in Nigeria’s telecom sector by adopting tools that are secure, scalable, and inclusive.
To emphasize this perspective, Ismail Adeshina, Director of Marketing at Airtel Nigeria, noted that Airtel Assist was developed with both convenience and empathy in mind.
Ismail said, “Everything about Airtel Assist is designed to simplify and enhance the way our customers engage with us. Whether it’s to check data balance in the middle of a conversation, buying data while commuting, or resolving issues after hours, Airtel Assist is always available, right there on their phones.”
Meanwhile, the product’s intuitive design and ease of use is a demonstration of adaptive technology, adapted for the nuances of local consumers, added Oyebowale Akideinde, Head of Digital Products & Innovation.
“With Airtel Assist, we’re unlocking a human way to connect on one of Nigeria’s favourite digital platforms: WhatsApp! You can now recharge, check balances, and get help instantly,” he said. He also noted that all Airtel subscribers may activate Airtel Assist by sending a WhatsApp message to +2348028800000 or clicking https://wa.me/2348028800000.
By bridging the gap between digital sophistication and everyday convenience, Airtel Nigeria is setting a new benchmark in customer care, one that puts the power of self-service, choice, and real-time resolution into the hands of every user.
General News
Cyber Attack Hits Customs Platform, Disrupts Clearance Operations

Reported cyber attack on the Information Communication Technology (ICT) platform of the Nigeria Customs Service (NCS) has caused significant disruptions to cargo clearance operations at ports across the country.
Licensed Customs agents are already counting their losses to demurrage charges on their consignments as a result of the disruption.
Confirming the development, Mr. Maiwada Abdullahi, spokesman and assistant comptroller of Customs, told Vanguard that the attack occurred sometime ago, adding however, that the system has been restored.
He stated: “Yes, our platform was attacked some time ago, but it has been rectified and is now fully operational. We have strengthened our systems to ensure that cybercriminals will find it much more difficult to penetrate in the future.”
Regarding potential compensation, Abdullahi disclosed that discussions are ongoing with several stakeholders on the matter and hinted at possible relief measures for importers whose goods were delayed during the system outage.
Reacting to the development, Mr. Lucky Amiwero, president, National Council of Managing Directors of Licensed Customs Agents, (NCMDLCA), said that there is a default in the new B’Odogwu home grown ICT platform being promoted by the Customs.
Amiwero also said that the same glitch being experienced also occurred before the B’Odogwu initiative.
He, however, lampooned the Lagos Chamber of Commerce and Industry (LCCI), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, (NACCIMA), for their docile stand against happenings at the Port.
He stated: “The government needs to overhaul the newly introduced B’Odogwu ICT platform, there are defects that needs to be corrected.
“The same defects that was experienced during the era of West Blue before Ngozi Okonjo Eweala who was the Finance Minister at that time intervened, is the same issue currently affecting the B’Odogwu system.
“The glitch has resulted to huge demurrage, huge storage charges, distortion in business plan and high cost of clearance.
“Manufacturers Association, Lagos Chamber of Commerce and Industry (LCCI), Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) are all there doing nothing. They cannot even react to the situation. All they do is to hold conferences.
“These groups ought to be at the Vanguard of protest against these anomalies rocking the port industry but they chose to keep quiet as if all is well.”
Similarly, Mr. Olawale Odu, an importer and licensed Customs agent, said that the government through the Nigeria Customs Service should engage terminal operators and shipping companies to find a way to assuage the losses to importers by granting them waivers.
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