Opay announced this afternoon that it would be shutting down some of its business units (for now) to focus only on financial technology services. A press statement they released, said they primarily blamed the development on the COVID-19 pandemic, as well as a recent regulation by the Lagos State Government which banned commercial motorcycles across […]
The Central Bank of Nigeria (CBN) has released a new framework for regulatory sandbox operations in Nigeria which seeks to provide regulatory oversight for fintech innovation. The sandbox is a formal process for firms to conduct live tests of new innovative products, services, delivery channels, or business models. This will be done in a controlled […]
A Digital Marketing Consultant,Mr Efe Igbinovia has called on operators of Small and Medium Enterprises (SMEs) to embrace digital marketing to get more patronage, following effects of COVID-19 pandemic lockdown. He said that the owners of SMEs should increase their social media presence given the fact that there was a surge in social media during […]
According to the DBN, Nigeria has more than 37 million MSMEs but not up to 5% can access credit. When you consider this rate, it easy to see why many of these businesses pack up within a few years. Capital is very important to running any business and credit is one of the chief ways […]
With the interest of doing Business Initiatives with ease, the Corporate Affairs Commission (CAC) will now work with the Federal Inland Revenue Service (FIRS) to issue Tax Identification Numbers (TIN) along with the Certificate of Incorporation. This will save companies and small business owners the troubles of applying separately to the FIRS for their Tax […]
Keeping up with its tradition of providing springboard for start-ups and budding organisations with social economic impact, global search engine, Google, has launched a platform to help not-for-profit organisations, NPO scale their objectives past awareness and financial hurdles. Tagged Google for Nonprofits initiative, the tech giant aims to use the platform to empower qualified not-for-profit […]
By now you must have heard about the CBN COVID-19 Intervention Fund. It’s been all over the news and on social media. The CBN is making N50 billion Targeted Credit Facility available to SMEs and households hit by COVID-19. Evidently, the new coronavirus has hit all businesses and crippled several SMEs worldwide. This is largely […]
The Federal Government of Nigeria is set to roll out palliatives to assist women-owned medium and small businesses (MSME’s) recover from the impact of the pandemic. This was disclosed by the Minister of Women Affairs, Mrs Pauline Tallen, in Abuja during the virtual E-launch of the National Survey on the impact of COVID-19 on women-owned […]
The National Information Technology Development Agency has kick-started a job and wealth creation programme where 130 farmers will each receive seed funding of N100,000. The programme will be supervised by the Federal Ministry of Communication and Digital Economy. According to a statement from the agency, the National Adopted Village for Smart Agriculture (NAVSA) programme is […]
Vice President Yemi Osinbajo, Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum will alongside other stakeholders discuss the opportunities and challenges of the Covid-19 on micro, small and medium scale enterprises (MSMEs) in the country. The conversation slated for June 30, 2020, is part of activities to commemorate this year’s World MSME […]
