{"id":468716,"date":"2020-10-27T15:03:26","date_gmt":"2020-10-27T14:03:26","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468716"},"modified":"2020-10-27T15:03:26","modified_gmt":"2020-10-27T14:03:26","slug":"nigeria-access-bank-at-the-bedside-of-smes-victims-of-protests","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/10\/27\/nigeria-access-bank-at-the-bedside-of-smes-victims-of-protests\/","title":{"rendered":"Nigeria: Access Bank at the bedside of SMEs victims of protests"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><strong>Access Bank Nigeria Plc said on Tuesday (October 27th) that it will offer an interest-free loan and grants amounting to 50 million naira, or 130 million dollars to SMEs affected by the latest protests in Nigeria .<\/strong><\/p>\n<p>On its official Linkedin page, the bank indicated that this initiative helps to dampen and stimulate economic activity, as well as to produce many positive multiplier effects on the economy. Loans will be allocated over a period of between 1 year and 2 years with a six month moratorium.<\/p>\n<p>The grant is intended for companies focused on skills development and the implementation of technological solutions. Access Bank Group Deputy Managing Director Roosevelt Ogbonna said, &#8220;We want to support businesses in their rebuilding efforts,&#8221; noting that its structure is not going to make money. Massive demonstrations by young Nigerians protesting against police brutality have disrupted business activities across the country in recent weeks. Nearly 36 states across the country imposed a curfew last week to end looting, arson and destruction of private and public property. The results of these protests have shown more than a dozen dead in the country.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Access Bank Nigeria Plc said on Tuesday (October 27th) that it will offer an interest-free loan and grants amounting to 50 million naira, or 130 million dollars to SMEs affected by the latest protests in Nigeria . On its official Linkedin page, the bank indicated that this initiative helps to dampen and stimulate economic activity,<\/p>\n","protected":false},"author":536116,"featured_media":468717,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046,12036],"tags":[401,38,16598,15094,16597],"class_list":["post-468716","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","category-sectors","tag-access-bank","tag-nigeria","tag-protests","tag-sme","tag-victims","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Access Bank at the bedside of SMEs victims of protests - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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