Vanguard reports that, Non-governmental organization in the information security domain, CyberSafe Foundation, has unveiled plans to equip digitally vulnerable groups and 1500 SMEs with the knowledge and skills required to identify, protect, detect, defend and respond to COVID-19 instigated cyber threats, enabling a safe digital community. The foundation which said it is on a mission […]
As an SME in Nigeria, market planning frameworks are vital to the success of your business. They help to plan, prioritize, and visualize how every aspect of your business will fit together. To understand the types of market planning frameworks, it is important to have an understanding of the framework itself. What is Market Planning […]
Long ATM queues and extended lines at the bank with people waiting to withdraw cash is a common sight in many urban areas in Nigeria. If you have been pondering on starting a profitable business in Nigeria, then you might want to consider the POS business. The POS business in Nigeria is a lucrative venture. […]
The federal government has officially flagged off the N60 billion Micro, Small and Medium Enterprises (MSME) Survival Fund and Payroll Support Scheme. During the official flag-off held in Abuja on Thursday, the Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, said the two schemes were part of the government’s N2.3 trillion Nigeria […]
Financial crises usually call for major policy responses as well as frameworks to contain the damage done to the economy and the society, in order to safeguard financial stability in the future. To be prepared to manage the risk of continuous distress in the Nigerian banking sector, the CBN in 2012 integrated sustainable business practices […]
As a business owner, if you were asked what are your goals for the next five years, what would your answer be? Most business owners tend to give responses like “I want to make more sales” or “I want to increase your brand visibility. Many SMEs in Nigeria are unable to meet what they define […]
Electricity is an integral part of the economic and social life of any nation. However, Nigeria is still plagued with electricity concerns, from low generation, poor supply to load shedding and rationing, citizens & entrepreneurs are now familiar with the frequent power outages. In addition, with the monopoly structure of the electricity market in Nigeria, […]
Most SMEs in Nigeria aren’t aware of this, but a business justification is one of the most important documents you will ever produce for your business or idea. It differs from a business strategy. While a good business plan outlines your ideas to give you clarity, your business justification template exists for two main reasons: […]
Are you an entrepreneur searching for how to grow your business? The secret to running a business as an entrepreneur is finding out what works for you. And you can only find out what works for your business when you read a business book. Business books give you insight on how to be more productive, […]
The economic recovery from the COVID-19 crisis in Nigeria hinges on the survival of SMEs, which employs a large fraction of the region’s workforce. The Federal Government is responding with economic stimulus packages, including liquidity or methods to prop up demand for SMEs. As a result of the ravaging pandemic, Small and Medium Enterprises SMEs […]
