SMEs Promotion

Polaris Bank Reaffirms Support For SMEs Growth In Nigeria; Launches 'EveryDay Supermarket' In Yenegoa

Nigerian financial institution Polaris Bank has reaffirmed commitment to supporting Small and Medium-scale Enterprises (SMEs) to drive economic growth in the South-South region of the country; with the launch of 'Everyday Supermarket' Yenagoa Store in Bayelsa State.

The grand opening, which took place at Bay Bridge Junction on the Kpansia-Epie Expressway, marks the retail chain’s entry into the Bayelsan market; a significant milestone in the region’s business expansion efforts.

Speaking at the event, the Directorate Head, Polaris Bank, South-South, Mr. Raphael Abaziem, described the launch as a testament to growth, resilience, and the power of strategic partnership.

“This milestone represents more than the opening of a new outlet. It speaks to our shared vision of economic expansion, local enterprise development, and improved access to quality goods and services for the people of Bayelsa State,” Abaziem stated.

He further noted that the new outlet builds on earlier successes, including Polaris Bank’s financing of the Everyday Group’s flagship shopping complex in Port Harcourt in February, 2025.

“When we partner, we empower, expand, and raise the bar for retail development across Nigeria. Polaris Bank is proud to have supported this journey and to stand with 'Everyday Supermarket' as it extends its footprint and impact. We look forward to deepening our collaboration and continuing to support businesses that are creating opportunities, empowering communities, and driving sustainable development across the country,” he added.

In his remarks, Mr. Yemi Osindero, Chairman of 'Everyday Supermarket', expressed delight at the brand’s expansion into Bayelsa, noting that the group continues to grow from strength to strength.

“Everyday Group is 28 years old, with 15 stores across the South-East and South-South, including Owerri, Asaba, and Abakaliki. We are excited to be in Yenagoa for the first time and look forward to opening more stores in Bayelsa. Plans are also underway to expand into Aba, Benin, Uyo, Enugu, and Abuja,”.

The launch of the Yenagoa branch underscores Polaris Bank’s role as a key enabler of enterprise development and its commitment to supporting businesses that drive local economic empowerment and regional growth.