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
Are you an entrepreneur and not more than 30-year old? You could have your business in front of millions of potential customers around the world with the First City Monument Bank (FCMB) Flexxpreneur of The Month. While Nigeria’s foremost bank is encouraging undergraduates to embrace entrepreneurship, we put together 30 sources for students to set up … Read more
Passion in relation to entrepreneurship is called passion to profit. Passion has to do with something you love doing, that thing that gives you joy, something you’re never tired of. “Passion is an intense life-force generated from within, that manifests itself in boundless enthusiasm. It is a deep, positive and emotional connectedness that is created … Read more
I asked 10 young graduates about the most challenging thing in starting a business, six of them said funding, the rest picked other reasons. This isn’t peculiar only to young graduates who want to set up a business because the government has failed to create jobs. And every successful business owner faced the problem of … Read more
You may have the money to start a business, but you need people to grow. No business succeeds in isolation. You need people as clients and customers, you need people to help you grow. So how exactly can you explore the power of existing and new customers to grow your business? If you are considering … Read more
While hundreds of Nigerian graduates jump on any opportunity to leave the shore of the country for a greener pasture abroad, Ashley Jiritmwa Tapgun returned to Nigeria to start a strawberry farming business in Jos, Nigeria, after completing her first degree in International Relations and a Masters in Global Ethics and Human Values. Her story … Read more