Africa Netpreneur Prize Initiative

OPPORTUNITY: Alibaba’s Jack Ma offers $1m to African entrepreneurs

Calls for entry has begun for the 2019 Africa Netpreneur Prize initiative (ANPI), a fundraising programme created by Chinese billionaire and co-founder of Alibaba Group, Jack Ma. Click to see how you can apply.
Wecyclers wins African Development Prize, King Baudouin Foundation, Belgium King, Lagos State Parks and Gardens Agency, Waste Management

King Baudouin Foundation awards Wecyclers N81m to expand in Nigeria

The African Development Prize will allow Wecyclers to upscale its model and increase footprint.
Uploaded ToTony Elumelu Foundation announces 3,050 entrepreneurs for the 5th cycle of the TEF Entrepreneurship Programme

Tony Elumelu Foundation announces 3,050 entrepreneurs for the 5th cycle of the TEF Entrepreneurship...

The Tony Elumelu Foundation have selected 3,050 African entrepreneurs to join the 5th cycle of its $100million TEF Entrepreneurship Programme.
Emmanuel Macron, SMEs, Choose Africa, Startups Africa

President Macron launches €2.5bn initiative to support African SMEs

Through a new initiative called "Choose Africa", the French Government will contribute towards the development of the African continent.
FX ban on textile, FX ban, Lagos Chamber of Commerce and Industry, LCCI, CBN Governor, NIRSAL Microfinance Bank, SMEs, Loan, CBN records N577 billion financed 568 agric projects, FX restriction list, Textiles, Fertilizer

NIRSAL MFB to offer loans to SMEs at 5% interest rate

NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent, according to CBN Governor.

Differences between an Angel Investor and a Venture Capitalist explained!

Venture capitalists tend to have financial management or professional investment backgrounds, while angels tend to be former or current entrepreneurs.
Customer service, customer satisfaction, brand loyalty

How to convert customers’ feedback into actionable business decision

Business owners are often tasked with managing countless customer requests. They should also be keenly aware that they need not allow their business plans to be driven solely by these requests.
FIRS goes after tax debtors, Tax defaulters, Value Added Tax, FIRS, Federal Inland Revenue Service, Minimum Wage, Tunde Fowler

Taxpayers to display VAT registration certificates at their premises

FIRS notified the general public that it has commenced issuance of VAT certificates.
Nigerian Stock Exchange

What You Need To Know About The Term “Basis Point (BPS)”

It is typically used to express differences in interest rates of less than 1% per year.
FIRS could seal your office if you get these two notices

FIRS could seal your office if you get these two notices

FIRS has made it clear to businesses in Nigeria that it is serious about tackling tax evasion.
Who pays for VAT and WHT

Who pays for Value Added Tax and Withholding Tax?

Let's explain this once and for all.

Dear SME Owner, you’re killing your business slowly if you do any of these...

Running a successful business is hard and statistics say that about 85% of businesses fail within a year of operations.

VC Firm, GreenTree holds Pitch Day for over 20 promising Startups

The venture capitalist firm will provide funding to startup founders whose business ideas/models meet set criteria.
How to Calculate Deductions for the Employee Compensation Scheme

How to Calculate Deductions for the Employee Compensation Scheme

In 2011, the National Assembly replaced the Workmen's Compensation Act with the Employee Compensation Act (ECA).

How to make side money from the World Cup

Here is a quick list of things you can engage in during this period of the World cup that will sure get you some cash.

Nigerian fashion entrepreneurs can benefit from this ₦1bn BOI fashion fund

In view of the myriad of challenges facing operators in Nigeria's fashion industry, including inadequate access to credit facilities, the Bank of Industry BoI) has unveiled a ₦1 billion fashion fund aimed at supporting fashion entrepreneurs.

PenCom releases draft framework for Micro Pension Plan

The National Pension Commission (PenCom), via a public notice issued on Tuesday, 15 May 2018, disseminated a Draft Framework for Micro Pension Plan (the...

7 key changes made to the amended Companies and Allied Matters Act (CAMA)

In a post on its medium page and twitter handle , the Senate announced the repeal and reenactment of the Companies and Allied Matters...
Tony Okpanachi

Diamond Bank, others, to supervise DBN loan disbursement

Nine financial institutions have been selected by the Development Bank of Nigeria, DBN,  to handle its intervention fund to entrepreneurs in the Micro, Small...

Meet FINT, the FinTech Company that wants to change micro-lending in Nigeria is a loan marketplace that connects borrowers to lenders. Borrowers get access to credit at affordable rates and lenders get their money back...

4 reasons why some entrepreneurs succeed when they build their startups at this age

Sometimes, people (entrepreneurs) get lucky with their business plans and strategies before they get to the age of 30. They are able to pay...
Cold Room Business in Nigeria - nairametrics

My Hustle: How I make money from operating a cold room business

Cold room business is one of the most lucrative in the SMEs sector. Every day, many businessmen and women work hard to take advantage...

This is Farmcrowdy: The startup leading Agrictech in Nigeria

When Nairametrics team visited Farmcrowdy's office on the Island,  it was as if we were stepping into a farmland. At the waiting area, we...
Nelson Olanipekun, founder of Gavel. Credit: Tola Omolayo

How Gavel intends to transform the judicial system using technology

With 80 percent of inmates in the Nigerian prisons awaiting trial, there is a likelihood that inmates die before they get a due hearing before...
Waste Management and Recycling in Nigeria

Recycling: How these small businesses make millions selling aluminium monthly

As an emerging economy with a population of nearly two hundred million people, Nigeria generates quite a lot of waste. The Waste Management Society...

How Turning Point is partnering LSETF to facilitate entrepreneurship

Story Highlight: The organization is partnering with the Lagos State Employment Trust Fund to provide financial facilities to aspiring youth entrepreneurs.  On Saturday, March 9,...

These women are doing amazing work with their Startups

The International Women's Day is a special day  to celebrate the advancements of women in different spheres of life, including business. Without doubt, it...
Hiring - nairametrics

SME Tips: How to hire and keep competent staff

In the face of prevalent unemployment crisis, more Nigerians are embracing entrepreneurship and establishing small and medium enterprises (SMEs). A 2014 CNN report ranks Nigeria as...

Entrepreneurs of Lagos: How I Started a fruit juice business with ₦ 4000

JokemFruities and Events Enterprises is a healthy living company, registered in 2016 with an outlet at 3, Adeyemi Odukomaya Street, Shangisha Magodo. The business...

SME stories: How Alex makes ₦8,000 daily from second-hand book selling

In Nigeria today, second-hand bookselling has become a major source of income for a lot of people. It is a thriving sector which is...


hidden cost of clutter

The hidden cost of clutter in your home and office

It is important to bear in mind that the accumulation of clutter is a 'financial sin'. This is because clutter ties up cash that could be meaningfully invested. Let this article help you understand how to avoid committing this 'sin'.
Dangote Flour Mills Plc

UPDATE: Dangote announces impending sale of Dangote Flour Mills Plc to Olam

The Board of Dangote Flour Mills Plc has notified the NSE and the investing public about the acquisition of its shares by Olam International Limited.
Stock to watch this week

Watch two of these FUGAZ banks this week

@firstbankngr and @ubagroup top Nairametrics stocks to watch on the @nsecontact for this week.