The idea of taking a business loan is often quite scary. Unfortunately, successful SMEs in Nigeria understand that taking periodic business loans is an undisputed aspect of owning a small business and one of the most difficult decisions an SME owner will face. Whether you’re aiming to grow your business exponentially or just to keep […]
Following the outbreak of the coronavirus pandemic, several households and MSMEs were adversely affected. Global supply chains were greatly disrupted, leading to severe consequences on households’ livelihood and business activities. To manage this crisis, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF). This credit facility’s sole purpose is to […]
If you are an SME owner in Nigeria and you don’t know about NIRSAL, you are missing a lot. This body presents SMEs in Nigeria with so many benefits. In this post, we will discuss NIRSAL, its mission and vision, its benefits, and how to get loans from them. About NIRSAL NIRSAL is an acronym […]
Why should SMEs get loans? The truth is that Small and medium enterprises (SMEs) play a big role in the economy. Although these SMEs grow in numbers, there are major setbacks such as lack of adequate capital and funding. As a business expands and gains a competitive advantage, the existing capital may not be enough […]
Just like you, many business owners need bodies that offer loans without collateral. Are you thinking of expanding your business and establishing a broader market presence to boost your brand and sales? Then it must have occurred to you that you need capital to carry out that expansion. There are various ways you can raise […]
In this post, we will proffer answers to questions about SMEDAN registration for SMEs in Africa. These answers will help you make an informed decision and further guide you through your registration process. Having decided to register your business, below is a list of top 10 frequently asked questions to guide you through your registration journey. […]
All SMEs in Africa need both financial and intellectual support to take their businesses to the next level. This is why the Nigerian Federal Government created the survival fund scheme to help Nigerian SMEs that register with SMEDAN. Furthermore, Nigerian MSMEs that are registered with SMEDAN can also enjoy the MSMEs mass registration program currently […]
The term omnichannel is not new to the marketing industry. Most businesses might be using this technique without actually knowing this terminology. Omnichannel refers to the sales and marketing experience that your customers have throughout all your channels, whether it be in-store or online. It allows your customer to enjoy a seamless experience with the […]
This is the season for businesses across the country to see the bottom line on their income statements change from red to black! Black Friday is just around the corner, and this is a great time to review your sales forecast goals and develop a strategy to meet them through your holiday campaigns. So what […]
What do you know about NEDEP? SMEs in Africa are unarguably, one of the most important sub-sectors of the continent’s economy. These small businesses represent nearly 90% of all commercial ventures across various African countries, employ an astonishing number of citizens each year. They also contribute to the GDP of the countries within which they […]
