While the rate of unemployment among Nigerian youths is rapidly growing at a very disturbing pace, 19-year-old Osaruguemwen Asemota Precious doesn’t want to join the growing number. One of the entrepreneurial actions she took was to establish a makeup business. The undergraduate Medical Laboratory Science student at the Kwara State University, she set up a … Read more
One of the major challenges Micro, Small, And Medium Enterprises (MSMEs) face is a lack of support, majorly financial and technical support. But the Standards Organisation of Nigeria said it’s collaborating with states governments in Nigeria to empower the small business owners in their daily entrepreneurial struggles. SON, Nigeria’s agency responsible for certifying products to … Read more
Some banks can be parasitic when it comes to charges: withdrawal charges, ATM card maintenance charges, and many other strange fees can be a burden on your business unless you take immediate action to find out why your account balance continues to deplete. In one of our articles, we elaborated on things you need to … Read more
In the 1990s till late 2015, entrepreneurs who operated current accounts for their businesses paid returns on such accounts, it was called Commission on Turnover (CoT). That has changed as the Central Bank of Nigeria (CBN) replaced CoT with Account Maintenance Charges (AMC) or Account Maintenance Fee in its Revised Guide to Bank Charges that … Read more
There are companies and individuals across the world who wish to run a partnership business with Nigerian-based companies, but the rate of online fraud is a deterrent to many of them. The dastardly act of the online scam doesn’t mean that there are no legitimate businesses in Nigeria. If you’ve found a fraudulent business, a … Read more
Takeaways: Some time ago, a fellow member of a group to which I belong asked a question: ‘What aspect of agriculture can I venture into with N500k?’ Certainly, you’ll find people suggesting poultry, fish farming, or cassava plantation businesses. I’d like to emphasize that goat rearing is a business that can significantly grow your capital … Read more
Thinking of submitting reporting a financial crime to the Economic and Financial Crimes Commission (EFCC)? It is important to know what your petition must contain. They include a suitable title that summarizes the content of the report at a glance; the body of complaints should be brief and factual with all relevant evidence. The Economic … Read more
Lagos State Micro, Small, and Medium Enterprises (MSMEs) is likely to be the biggest in Nigeria if the state government continues with its present support for small business owners. While Lagos continues to support SMEs, one of Nigeria’s banks also has a programme for small business owners where they can showcase their ideas and received … Read more
Getting SMEDAN certificate for your business and including your business name in its database can give you access to lots of benefits, including access to business masterclasses, grants, and loans. Takeaways: In this post, we will show you the process of getting SMEDAN certificate for free online and how to link your BVN to SMEDAN to … Read more
Here is a privilege to apply for BOA-SMEDAN matching fund programme and we’ll outline all the things you need to put in place before submitting your application for this loan to stand a chance of getting up to N5, 000, 000 to boost your business. Remember, you need SMEDAN Unique Identification Number (SUIN) to access … Read more