Ventures Platform, in conjunction with Acumen and LoftyInc, is calling on startup founders in Nigeria to apply for the Nigeria Impact Startup Relief Facility (NISRF). The program which aims to provide an equity-free grant of up to $20,000 aims to support businesses that are either being adversely affected or modified in response to COVID-19 for […]
President of African Development Bank (AfDB), Dr Akinwumi Adesina says 141 million people have benefitted from improved agricultural technologies to enhance food security in the last five years he assumed office. Adesina made this known during the opening of the bank’s Annual General Meeting (AGM) held virtually on Wednesday. He said about 18 million people […]
The Pentecostal Fellowship of Nigeria (PFN) has expressed reservations with certain provisions in the Company and Allied Matters Acts (CAMA) 2020 recently assented to by President Muhammadu Buhari. Specifically, the body faulted Section 839(1) (a), (b), (C) in the Acts, arguing they run contrary to Section 6(6) and Section 36 of the Constitution of the […]
With the approval of N1 billion seed capital for investment in tourism, Lagos State is set to drive a new growth in hospitality business. Governor Babajide Sanwo-Olu announced the approval of the loan on Wednesday at the 6th Lagos Corporate Assembly held at the Banquet Hall in the State House, Alausa. The Governor said the […]
Lagos State government has awarded grants to tech start-ups and science research initiatives from various universities within the state. The total grant of N100 million is part of the six pillars of the development agenda of the Babajide Sanwo-Olu administration, which includes fuelling technology-driven innovations to transform Lagos into a 21st-century digital economy and Smart […]
The Corporate Affairs Commission (CAC) has said that the new Company and Allied Matters Act (CAMA) has come to stay despite the criticisms trailing it. The Commission insisted that it would go ahead with the implementation of the law as soon as the National Assembly properly gazettes it. The CAMA bill, which was recently signed […]
The Stanbic IBTC Enterprise Online is a partnership between Stanbic IBTC and Enterprise Development Centre (EDC) of the Pan-Atlantic University, Lagos. It aims at equipping small and medium enterprises (SMEs) with skills and competencies needed to manage their businesses profitably, develop and defend viable business proposals, maximise their business funds, trade and prepare the theme […]
The year 2019 was pretty bad for Okomu Oil. During the year it reported revenues were down 7% year on year while profits also fell 40% to N5 billion its worst year since 2016, the year Nigeria fell into its last recession. One of Nigeria’s largest Agro-processing companies, Okomu Oil has been around for over […]
The National Economic Council (NEC) says 16 states have so far received N100 million grant each from the World Bank to ease the impact of the COVID-19 lockdown. Gov. Abdullahi Sule of Nasarawa virtually briefed State House correspondents after the virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday. The virtual NEC […]
A total of 2.3 million Micro, Small and Medium Enterprises have accessed interest-free loans under the Government Enterprise and Empowerment Programme, the Federal Government announced on Friday. GEEP is a government initiative under the National Social Investment Programme. Other NSIPs include the N-Power Programme, National Home Grown School Feeding Programme and Conditional Cash Transfer Programme. […]
