Nigeria is one of many countries that is being inundated with sports betting. The Nigerian sports betting (online and offline) and gaming industry has grown geometrically in the past few years. This remarkable growth can be attributed to the country's population and increased access to the internet via enabled internet devices such as mobile phones, tablets, laptop, desktops etc.
It is common practice for Nigerian banks to grant loan facilities to customers in need of funds for the purpose of executing a project, to serve as working capital or for the acquisition of assets and for some loan facilities to be denominated in foreign currency.
In our review of key developments that occurred in the MSME space for the week September 16th to September 20th, 2019, the Monetary Policy Committee(MPC) of the Central Bank of Nigeria (CBN) at the end of its meeting acknowledged the increase in the supply of Micro-Credit to MSMEs in the country.