Many people dream of owning an SME in Nigeria and it’s not a bad idea to aspire to, considering that there are over 37 million SMEs in Nigeria. The truth is that the idea of starting a new business can be daunting. But by splitting the process into steps, it becomes easier to take the […]
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has launched a nationwide mass registration programme that is designed to provide tailored and critical hand-holding services to the informal operators (medium,small and micro enterprises) in Nigeria. Vanguard reports that the programme is expected to facilitate the development of a comprehensive database for MSMEs in the […]
The Federal Government has approved new regulations for courier and logistics services in the country. The new guidelines dubbed Courier and Logistics Operations 2020 was signed by the Minister of Communications and Digital Economy, Dr Isa Pantami. According to the minister, the new regulation will enhance the powers of the Nigerian Postal Service (NIPOST) to […]
The Central Bank of Nigeria has said that women will be given 60 percent of the N220bn Micro, Small and Medium Enterprises Development Fund as part of its developmental role and mandate of promoting a sound financial system. It stated that two percent of the wholesale component of the fund would go to economically active […]
The Lagos SME Bootcamp, one of Nigeria’s largest gathering of SMEs with the objective of enhancing their business management capabilities in order to reduce their risks of failure and better position them for strategic growth, given that 90% of MSMEs fail within the first five years of commencement. The Bootcamp was founded in 2018 by […]
Small and Medium Enterprises (SMEs) create and sustain national development in relation to job creation all over the world and for this reason, they are considered key players in modern-day poverty alleviation, economic emancipation and total well-being worldwide. Most times, they do all these with little or no formal education, and while tackling various infrastructural […]
The Association of Water Well Drilling Rig Owners and Practitioners (AWDROP) has identified environmental challenges, lack of business clinics and other problems associated with the Coronavirus pandemic as major constraints to the growth of Micro, Small and Medium Enterprises (MSMEs) in the country. The AWDROP National President, Mr Micheal Ale, who raised this concern when […]
Let’s begin by stating a very interesting fact about SMEs in Nigeria. Do you know that there were 41.5m MSMEs registered in 2017 NBS/SMEDAN National Survey? There are so many small business ideas running in the minds of potential business owners. However, research shows that some people who start businesses end up frustrated before the […]
Oparah Adaugo Chioma This article will expose you to how to make money from our wonderful social insects, bees. And before I proceed, I will like you to have some background knowledge of bees. Bees are social insects that live in a colony, consisting of a queen, drones and workers. There are different kinds of […]
Boluwatife Okeowo Credit (loans) availability remains one of the most pivotal keys to building a sustainable enterprise. Businesses are funded by two major means; equity and loans. While it is most desirable to start and expand your business through equity, sometimes it makes more financial sense to take a loan to support the cash flow […]
