Social media platform, Facebook, has announced a ₦500-million grant to support 781 small and micro businesses in Nigeria, as part of its $100 million Global Grants Programme, announced earlier this year, which aims to support 30,000 SMBs in over 30 countries. Facebook said the move is aimed at stimulating economic recovery following the effects of […]
By the middle of last year, so many business owners had plans ready to take the world by storm in 2020. Fast-forward to March this year and all we were thinking of was getting through COVID-19 alive and well. It is interesting how the pandemic has affected our lives, especially where business is concerned. As […]
Startup support organisation enpact has launched the Empowering Entrepreneurship Initiative, which will initially focus on helping hundreds of startups from across the world overcome challenges associated with COVID-19. The Empowering Entrepreneurship Initiative, launched by enpact, supports young, innovative businesses in Egypt, Ghana and Kenya, as well as Jordan, Indonesia and Mexico, with a curated combination […]
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 […]
SMEs are the engine house for economic growth all over the world. SMEs account for the majority of businesses globally and are important contributors to job creation and global economic development. They efficiently provide and deliver goods and services to regions where they are needed, create job opportunities, develop their communities, and foster healthy competition […]
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 […]
As a business owner, the business structure you choose influences everything about your business, from day-to-day operations to taxes, and how much of your personal assets are at risk. This is why it’s necessary for you to choose a business structure that gives you the right balance of legal protections and benefits and is sustainable […]
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 […]
