FirstBank has announced that its SMEConnect Webinar will hold on Wednesday, November 26.
According to the bank, the webinar is part of its efforts to build the capacity of small and medium-sized enterprises.
It is designed to equip SMEs with knowledge and resources needed to operate under new business conditions.
The session, themed “Strategies for SMEs: Securing Your Business Under the New Tax Law,” will guide participants on upcoming changes in tax regulations.
Speakers will include chairman of the Presidential Committee on Fiscal Policy and Tax Reforms Taiwo Oyedele, Financial Controller at FirstBank Yemi Adesanya and Head of SME Banking at FirstBank Abiodun Famuyiwa.
Speaking ahead of the event, Chuma Ezirim, Group Executive, e-Business and Retail Products at FirstBank, said the bank aims to help SMEs prepare for the new tax policy and understand the requirements.
The webinar will also highlight the benefits of business formalisation and the banking solutions available to enterprises, including FirstSME accounts.
In a related development, FirstBank said poor funding remains a major challenge for Micro, Small and Medium Enterprises in Nigeria.
Mr Famuyiwa said at the Small and Medium Enterprises Development Agency of Nigeria 2025 National MSMEs Conference in Lagos that the bank lent over N200 billion to the sector in 2024.
He said the bank disbursed about N100 billion to businesses across markets and about N70 billion to petty traders during the year.
He added that most of the funds were given without collateral after assessing each business and its capacity.
Famuyiwa said FirstBank continues to provide support through loans, training, webinars and mentorship sessions designed to help businesses grow.
The conference also featured discussions on the review of the National MSME Policy and the development of a new five-year framework.
It included the GROW Nigerian Fair, an exhibition showcasing SMEs across various sectors.
