This pandemic has given virtually every one of us more than enough challenges to grapple with. Schools have been closed for nearly four months now and on top of the financial strain they currently shoulder, parents have been forced to either homeschool their kids or watch them idle away the days. And even as some […]
The President of Lagos Chamber of Commerce and Industry (LCCI), Mrs Toki Mabogunje has encouraged leaders of Small and Medium Enterprises (SMEs)to remain calm at a time of crisis; saying, the strength o handle stress and remain calm and focused in the midst of chaos will engender hope within their workforce. This calm demeanour, she […]
Nigerian Content Development and Monitoring Board (NCDMB), and some private investors may reduce unemployment in Nigeria by 1,500, and limit the importation of Premium Motor Spirit (PMS) also called petrol through a new investment worth N10 billion ($25 million). Given the poor state of the country’s existing refineries, the investment comes amid continuous reliance on […]
Research has shown that one of the major causes of failures for SMEs is lack of funding. Many entrepreneurs are being faced with financial challenges in the early phase of their businesses; this is why different intervention funds in Nigeria have been set up. Most of these intervention funds in Nigeria are granted to the […]
The Governing Council of the Nigerian Content Development and Monitoring Board has approved the expansion of the Nigerian Content Intervention Fund from $200m to $350m. They established on Sunday that the $150m (75 per cent) increase in the fund was part of the decisions taken at the recent NCDMB Governing Council meeting, which held virtually […]
GBfoods, a culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri, recently built a N20 billion Tomato processing factory, in Kebbi State. The factory which is said to be the second largest in Nigeria and the only fully backward integrated plant in ECOWAS – […]
The Bank of Industry has been a major flag-bearer in the business of providing long term financial support for various industries in the Nigerian economy. BOI has a mandate of providing financial assistance for the establishment of large, medium and small enterprises as well as the expansion, diversification and modernization of existing ones or rehabilitation […]
In Abeokuta Nigeria, No fewer than 350,000 poultry farmers have been forced out of business in Ogun State from the effects of the coronavirus pandemic, the State Chairman of the Poultry Association of Nigeria (PAN), Mrs Isioma Blessing Alawode, has disclosed. Addressing newsmen yesterday in Abeokuta on the plight of the poultry farmers, Alawode raised […]
Did you know that MSMEs (Micro, Small and Medium Enterprises) make up 84% of total jobs in Nigeria? SMEs in Nigeria are major drivers of innovation and growth in the Nigerian economy. According to the Ministry of Industry, Trade, and Investment, Nigeria has over 37.07 million micro, small and medium-scale enterprises (MSMEs). The ministry claimed […]
The Federal Government of Nigeria has distributed 38,142 kilogrammes of improved cashew seeds to Kogi farmers, to mitigate the effects of the COVID-19 pandemic. Sabo Nanono, the Minister of Agriculture and Rural Development, made this known at the roll-out of inputs to farmers in Lokoja on Thursday. The programme was organised by the Ministry of […]
