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
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
Things are not always rosy as you think for all business owners, some of them struggle with how to pay off debts. I got to know this through a lady who shared the challenges her husband is facing. “My husband has been working for the past seven years, he earns well, but he uses the money … Read more
As a student, there are businesses you can start on campus that require little capital. There are even some of them that only require your creativity. You need to understand starting a business isn’t only for those who already have financial freedom, students can start small businesses on campus even with little savings from their … 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
In our startup inspirational story today, we’ll share with you the story of Becky Osarume Osagie, a Nigerian lady who returned to Nigeria from Italy to learn the vulcanizing job, and today she makes between N4,000 to N5,000 per day. Vulcanizing job is one of the startups young Nigerians are embracing because of the rate … Read more
In the 1990s, only a few people took dry cleaning as a serious job. It was majorly done by the old people who wanted a means of survival. It wasn’t lucrative because at least eight out of ten people did their laundry at home. That has changed as the world continues to evolve. You can … Read more
One of the ways money lenders know how serious a loanee is is through the presentation of his business road mark. You must have a direction. You must have a projection. In this guide, I’ll guide you through how to write a recharge card printing business plan if you are soliciting funds. In one of … Read more