The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. Currently, all companies registered in Nigeria are required to pay TET at two percent of assessable profits for each year of assessment. Punch reports, this was disclosed by the Fiscal Policy Reforms Committee, established […]
Every entrepreneur wants to succeed in business. Beyond the excitement of having a novel idea, we all desire to enjoy public acceptance of such ideas as well as products and services created from them. The acceptance is what guarantees patronage that translates to sales and yields good returns on our investments. However, it is hard […]
A total of 2.3 million Micro, Small and Medium Enterprises have accessed interest-free loans under the Government Enterprise and Empowerment Programme, the Federal Government announced on Friday. GEEP is a government initiative under the National Social Investment Programme. Other NSIPs include the N-Power Programme, National Home Grown School Feeding Programme and Conditional Cash Transfer Programme. […]
The special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, said the new Companies and Allied Matters Act 2020 , CAMA, would reduce the regulatory burden on businesses in Nigerian and improve ease of doing business ecosystem. Dr Oduwole stated this during an Interview on TVC New. The Corporate Affairs Commission, […]
Kaspersky, a cybersecurity company, has found that about 300,000 Nigerian Small and Medium Enterprises witnessed phishing attacks in the second quarter of 2020. This was disclosed in the Kaspersky’s new spam and phishing in Q2 2020 report. The report also taken from Nairametrics revealed that a number of new tricks have also been found – […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will establish a ‘rating agency’ to enable small scale businesses have easier access to loans Mr Oluwagbenga Ogundeji, South-West Zonal Coordinator of SMEDAN, said this during a stakeholders’ meeting with heads of small business groups and associations on the proposed rating agency on […]
Deloitte Africa Leadership has said it is committed to the development of small and medium-scale enterprises by offering unique solutions through delivery models that will enable them to scale operations and their businesses. The firm disclosed this during the launch of Deloitte Private in West Africa in Lagos, according to a statement entitled, ‘Focus on […]
The new Companies Allied Matters Act (CAMA) 2020 is expected to enhance the ease of doing business in Nigeria. The new document has repealed and replaced the extant CAMA 1990 with key amendments that would remove some bottlenecks from the old act. The revised Act will make Nigeria’s business environment as competitive as its counterparts […]
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 […]
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 […]
