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Tips, information and tools for Nigerian Startups, Micro, Small & Medium Scale Businesses

Five factors stopping you from starting a business

Five factors stopping you from starting your new business and the way out

I know how difficult it can be to resolve to start a business. And when you have little or no education/experience on how to run a business, it becomes even more challenging.
Swvl wants to expand into Nigeria

Uber’s rival Swvl wants to expand into Nigeria, but commercial buses pose a threat

Egyptian vehicle hailing company, @swvlapp, has announced it will be making an inroad into Nigeria's ridesharing market to offer services that the likes of @Uber and @Boltapp_ng are yet to offer Nigerians, but it will meet a fierce challenge from yellow (commercial) bus operators.
Max.ng

Yamaha and Novastar Ventures lead Max.ng’s $7 million capital raise

Motorbike hailing service, Max.ng, has raised $7 million funding. This round is led by Novastar Ventures, with the participation of Japanese manufacturer, Yamaha.
Mastercard buys Jumia shares, Jumia get $56 million from Mastercard, Jumia NYSE IPO listing, MTN, Jumia Investors

DEAL: Jumia has sold its real estate assets portal to EMPG’s Mubawab

Dubai-based Emerging Markets Property Group (EMPG), Mubawab has secured the purchase of Jumia's North-African real estate portal, Jumia House.
How to respond to negative reviews about your business

How to effectively respond to negative reviews about your business

Before we dive right into how to respond to negative reviews about your business, it is important to note that what you say and how you say it matters a lot.
Tax Waivers for startups - Emotional intelligence

Stakeholder explains why FG should provide tax waivers for startups

UNIC Foundation, a non-government organisation (NGO) has revealed the reasons why the Federal Government should provide tax waiver for startups.
Should Gokada and Max.ng be afraid of ORide?

Should Gokada and Max.ng be afraid of ORide?

ORide is fast penetrating the market by leveraging on the N100 bonus offer to any destination of any distance within Lagos. This move has attracted the competitors’ customers, at least if not for anything, till the promo offer ends. 
Epileptic Power Supply

SMEs are suffering due to Nigeria’s epileptic power supply – MAN

The Manufacturers Association of Nigeria (MAN) has spoken out against the hardship Nigerian businesses (especially Small and Medium Scale Enterprises) are going through in recent times as a result of epileptic power supply.
Google made a whooping $4.7b from news content in 2018

Google made a whooping $4.7 billion from news content in 2018

Google reportedly earned as much as  $4.7 billion in 2018 from news contents comprising of the works of news publishers accessed by readers via search and Google News.
Africa Development Bank

Nigeria to benefit from AfDB’s 3.2 million Swiss francs

Nigeria is among the countries that will benefit from the 3.2 million Swiss francs that was recently donated to the African Development Bank (AfDB) by the State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO).
The CBN Building, Abuja - capital inflows

CBN to commence disbursement of N500 million fund to creative sector

The Central Bank of Nigeria's Bankers Committee is now ready to begin paying out the N500 million loans to creative industry SMEs under the Creative Industry Financing Initiative.
Tax Waivers for startups - Emotional intelligence

This WorldRemit’s product is a go for SME business owners

In a bid to make international business payments faster and easier, digital money transfer company, WorldRemit, has launched WorldRemit for Business.
MEST Africa Summit, Microsoft credit

Three African Startups win $75,000 from Microsoft and MEST Africa

Three African Startups have won $75,000 at the just concluded MEST Africa Summit in Kenya. The event was meant to have one winner, but organisers chose to award the three finalists of the MEST Africa Challenge.
TrukrTech emerges winner at TechCircle’s 2019 Pitch2Win competition

TrukrTech emerges winner at TechCircle’s 2019 Pitch2Win competition

Ghanaian startup, Trukrtech, has emerged the winner of TechCircle’s Pitch2Win competition, 2019. As a result, the company received equity-free funding valued at N1 million.
Extramile Africa to drive financial inclusion with N4 million soft loans

Extramile Africa to drive financial inclusion with N4 million soft loans

Fintech firm, Extramile Africa, has offered N4 million worth of soft loans to drive financial inclusion and social empowerment for Micro, Small and Medium Enterprises (MSMEs).
insurance covers

Try these insurance policies if you own a business

Unforeseen circumstances that occur anytime when it comes to running a business. However, with the right insurance covers, you can scale through such times without tears.
WePrototype Press Release conference

Young and creative Mayowa Okegbenle creates innovative approach to building apps for professionals

WePrototype Technologies, a new technology company in Nigeria, unveiled its brand on Tuesday, June 11th, in Lagos, to provide the latest Google technologies to Nigerians. This will be combined with prototyping to build mobile apps for professionals.
FutureHackk Agriculture

Win N3 million in the upcoming FG FutureHack challenge; apply now

@nitdanigeria's FutureHack challenge is currently accepting and reviewing applications to be shortlisted as part of its July 2019 hackathon event.

MSMEs to receive N100 billion support from DBN before the end of 2019

Barring unforeseen circumstances, Micro, Small and Medium Enterprises (MSMEs) in the country are to receive a N100 billion lifeline from the Development Bank of Nigeria (DBN) before the year ends.
Coronation Merchant Bank

Equity culture is the solution to financing SMEs in Nigeria – Abu Jimoh

The CEO of Coronation Merchant Bank, Abu Jimoh, has advised Small and Medium-sized Enterprises (SMEs) on the need to embrace equity financing forSMEs.
Should I quit my job to start a business?

Should I quit my job and start a business? Yes, if you pass these...

Are you ready to quit your day job to run a business of your own? This is a question most entrepreneurs often find themselves struggling to answer. If you are one of them, here are four things you must consider. 
Fragrance Oils Business in Nigeria

Young Nigerians are making quick money selling fragrance oils

Ever so often, we witness the establishment of many low-funded businesses, as people find ways to make money or create side incomes for themselves. In Nigeria, small businesses can arguably be referred to as the bedrock of the economy.
MTN AI for Mobile Money

MTN debuts Africa’s first AI for payment

@MTNGroup has debuted the first Mobile Money (MoMo) artificial intelligence service in Africa. The company developed the AI service to aid users' navigation when operating MTN's MoMo payment and other services.
Uber to ban low rated passengers from its services Kate Parker writes on Uber blog

As Uber plans to ban low-rated passengers, here’s how to avoid that

@Uber now believes that the customers are not always right. In line with this, the car hailing company plans to ban disrespectful riders. Click link for details...
Why your business should define its target market

Why your business should define its target market

Simply put, your target market is the group of people you’re making your products and services for. Other terms used to describe this group are "target audience" and "target customer."
SMEs Nigeria

How adequate investment in SMEs can unlock Nigeria’s economic potentials

For a long time, economic experts around the world have been reiterating the need for countries to harness the potentials locked in the SMEs sector towards boosting the GDP.
Startup Funding Rounds

From Pre-Seed to Series D: Startup Funding Rounds Explained

Raising equity funding for your startup is a long, difficult, and often demoralizing process. However, if you are successful, you walk away with money that will help your startup grow and become everything you hope it could become.
GTBank

GTB and DBN partner to boost MSMEs with N25 billion

Guaranty Trust Bank Plc (GTBank), has partnered the Development Bank of Nigeria (DBN) to disburse N25 billion funding to entrepreneurs in Nigeria’s Micro, Small and Medium Enterprises (MSMEs) sector.
venture capital

Tips on how SMEs and startups can secure venture capital funding

We have put together a couple of tips to help founders and entrepreneurs, so that the next time you pitch to a panel of Venture Capital investors, you can “kill it” and walk away with the cheque.
Leo Stan Edeh

Does Nigeria really need disruptive entrepreneurs?

Recently, there was trending news about Zinox Group's Chairman, Leo Stan Ekeh, calling on Nigeria to embrace disruptive entrepreneurs as a means of achieving immeasurable economic growth.

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Central Bank of Nigeria

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
Julian Osula, Julian's Luxury

Meet Julian Osula, the billionaire who disrupted traffic with a helicopter

Finally, the identity of the billionaire that disrupted traffic along Lagos-Benin Expressway has been revealed.
NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.