SMEDAN moves to secure CBN licence for microfinance bank as FG targets one million additional firms Story by Martha Gwary The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied for a licence from the Central Bank of Nigeria (CBN) to establish a microfinance bank, a move aimed at enabling the agency to directly disburse and monitor funds for small businesses while attracting more international development finance. This comes as the agency intensifies efforts to expand Nigeria’s small business landscape, with plans to register at least 250,000 new enterprises in...