The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will establish a ‘rating agency’ to enable small scale businesses have easier access to loans Mr Oluwagbenga Ogundeji, South-West Zonal Coordinator of SMEDAN, said this during a stakeholders’ meeting with heads of small business groups and associations on the proposed rating agency on […]
The year 2020 started with the announcement of the increased VAT rates, moved on to the coronavirus pandemic and its attendant challenges, the global oil crisis and its implications on national revenue, and just after the easing of the lockdown, the recent increase in fuel price. What do all these connotations mean for Micro, Small, […]
Deloitte Africa Leadership has said it is committed to the development of small and medium-scale enterprises by offering unique solutions through delivery models that will enable them to scale operations and their businesses. The firm disclosed this during the launch of Deloitte Private in West Africa in Lagos, according to a statement entitled, ‘Focus on […]
Nigeria-based impact accelerator, FRAGG Impact Growth Accelerator Programme (FIGAP), is calling on for-profit impact SMEs at growth stages across West Africa to apply for its 2020 cohort. FIGAP is a four-month-long programme to close the funding gap for SMEs in the region, by providing support to businesses in the impact and climate sectors in their […]
The Federal Government has released new details on the Micro Small and Medium Enterprises (MSMEs) support scheme being rolled out under the National Economic Sustainability Programme. According to a report gotten from Nairametrics, in estimates provided, the sum of N50 billion will be used to provide payroll support, N200 billion for loans to artisans, and […]
When the Federal Government approved the establishment of the N75 billion Nigerian Youth Investment Fund (NYIF), hundreds of thousands young Nigerians were excited about the innovation. They believe it could reduce the increasing unemployment rate, and the general economic hardship now worsened by the Coronavirus (COVID-19) pandemic in the country. In a report from Vanguard, […]
The Federal Government says it has begun distribution of seeds and inputs to farmers in Cross River, to encourage agricultural activities. Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, inaugurated the distribution of palliative incentives to farmers in Calabar, Cross River. The minister in a statement by the Director of Information, Mr Theodore Ogaziechi, […]
The Federal Government in its bid to help cushion the effect of Coronavirus (COVID-19) has supported smallholder farmers in Imo State with 20,000 Cocoa seedlings and other improved seeds. The Minister of Agriculture and Rural Development, Sabo Nanono, in a statement issued by the Director of Information, Mr Theodore Ogaziechi, said this on Sunday in […]
The new Companies Allied Matters Act (CAMA) 2020 is expected to enhance the ease of doing business in Nigeria. The new document has repealed and replaced the extant CAMA 1990 with key amendments that would remove some bottlenecks from the old act. The revised Act will make Nigeria’s business environment as competitive as its counterparts […]
African e-commerce startups have been invited to apply for a new Facebook-run accelerator that will offer them access to mentorship and training as well as the company’s technologies and networks. Facebook Accelerator: Commerce is a 12-week non-equity programme supporting innovative commerce startups who renew shopping experiences for buyers and sellers. It is in the search […]
