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

reducing expenses

Beginners’ Guide: How to compute capital gains tax in Nigeria

Capital Gains Tax is a tax on the profit obtained from disposal or exchange of certain kinds of assets. In Nigeria, Capital Gains tax is 10% of the profits from the sale of the qualifying assets.
Loan and Equity funding

The Founder: 8 important lessons every entrepreneur needs to learn

The 2016 movie The Founder is packed with important lessons for entrepreneurs. It draws open the curtains and takes you behind the scenes, revealing the secrets to how Ray Kroc turned McDonald’s into one of the biggest fast food restaurants in the world.
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.
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.
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. 
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.
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.
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.
Start-ups 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.

New report casts doubt over future funding for small businesses in Nigeria

Over $1 billion has been lost to Micro, Small, and Medium Enterprises-related corruption in the last five years, a new report has shown. Some of the corruption-prone schemes include constituency projects and @cenbank development fund.
10 Books you should read to cultivate an entrepreneurial mindset

10 Books you should read to cultivate an entrepreneurial mindset

To start and grow a thriving business, you need to make books a regular part of your diet. Just like food is for the nourishment to the body, so are books the nourishment to the mind.
Computer Village, Phone Swap

Phone Swap: Phone retailers losing business segment to black market

Before you walk into a phone retail shop for a phone swap, ensure that you are not quick to anger and you are an individual with few words, because the response of the staff in charge will probably push you over the edge.

Fintech companies to watch out for in 2019  

The disruption fintechs have brought about is certainly undeniable, even as their effectiveness is one of the qualities that have distinguished them.
Tech Roundup

Tech News Round Up: Facebook gets fined as TechCrunch Startup Battlefield 2018 holds in...

Welcome to Nairametrics’ weekly tech news roundup. This week, as always, we bring you a compilation of the major tech events and activities that made the news.
Tech Roundup

Tech Roundup: FirstBank, Facebook, and Youtube all in the news this week

This week, as always, we bring you a compilation of the major tech events and activities that made the news.
Tech Roundup

Tech Roundup: Google, NIPOST was in the news this week

Welcome to Nairametrics’ weekly tech news roundup. This week we bring you a compilation of the major tech news.
NSE

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.

How Tech is disrupting Nigeria’s transport ecosystem by Fisayo Durojaiye

This is an attempt to dissect Nigeria’s technology-enabled Transportation sector.
Financial Technology

The regulation fueling the continuous rise of Fintech in Nigeria by @AremoFisayo

The United Kingdom is arguably the most Fintech-friendly nation on earth; hence, it is a major Fintech hub.
Entrepreneur Photo by Ben Rosett on Unsplash

Entrepreneurs have no Shame! by Fisayo Durojaiye

I thought that being an entrepreneur would give me more time to do other things outside of waking up in the morning, rushing to join Lagos traffic and coming back home really late at night. I thought that as an entrepreneur, I will have time for other things. Alas, that’s a lie from the pit of hell.

Top Tech Stories for the week ended June 8th 2018

Welcome to the maiden edition of Nairametrics’ tech news roundup. This is a weekly compilation of all the main tech events and activities that...

Paga Eureka and suddenly ‘Savings’ is now a Feature

Nigeria’s Fintech space is gradually showing signs of maturity and consolidation. Most CEOs are looking to become the next big winners after Interswitch. Like...
Mathew McCooe, CEO of Connecticut Innovations

How Nigerian entrepreneurs can participate in this $5m global venture challenge

Nigerian startups are in for good times as VentureClash comes to Lagos this May. The competition is slated to hold at the Radisson Blu in Lagos between...
Photo by Jordan Andrews on Unsplash

Why MVN not BVN is the key to unlocking Nigeria’s data potential

We probably all know that there are myriads of bio-metric datasets currently available to the Nigerian government. If you have an international passport, driver’s...
Konga offline

Analysis: What the future holds for the New Konga!

We’ve all read about what likely went wrong with Konga. I wrote a piece about that as well, but before then I had written...
FINT

Meet FINT, the FinTech Company that wants to change micro-lending in Nigeria

FINT.ng is a loan marketplace that connects borrowers to lenders. Borrowers get access to credit at affordable rates and lenders get their money back...
Startups

Opinion: Is NITDA’s grant to these startups a joke?

According to reports by Techpoint, Nigerian Startups raised a total of $9.24m in Q1 2018. The report reveals that 14 were involved in forms...

So, who is Supporting the Non-Tech Ecosystem?

Nairametrics| I have been thinking about this topic for some time now. In fact, what got me to think is the use of the...

Updated: Kinnevik explains why iROKO Tv was removed from its list of its Investee Companies

Swedish tech investment company Kinnevik may have reduced the relevance of its stake in iROKOTV as it did not disclose the PayTV as one...

Popular

International Breweries beer war

Beer Wars: International Breweries takes number 2 market share from Guinness Plc

Comparative data from the financial statements of three of the largest beer makers in the country suggest that Guinness Nigeria Plc has lost its place as the second-largest brewery by revenues to International Breweries.
FBI Obinwanne Okeke

FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
EFCC mounts up investigations on FIRS staff accounts over N1.2bn fraud

EFCC resumes investigation of FIRS officials over more than N1.2b fraud.

The EFCC has resumed investigations on the members of staff of the FIRS over the N1.2bn duty tour allowance (DTA) fraud.