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

How So Fresh founder dumped oil money to sell fruits and salads 

Border closure affecting revenue and Nigeria is not food sufficient  –  So Fresh co-founder, Olagoke Balogun 

The border closure by President Muhammadu Buhari is gradually affecting small and medium businesses in Nigeria.
CBN Entrepreneur loan, 7 Tips for Financing Your New Business, SMEDAN invests N103.5 million in Sokoto entrepreneurs  

7 Tips for Financing Your New Business

If you want to start your own business but don’t have the funding, you can still get it off the ground.
Revenue reserves

I love to look at Revenue Reserves and This is Why

Here is why @ugodre loves to look at the revenue reserves of a company. Find out
O Event Concept, O'Concept snacks, 12 Basket, Snack business in Nigeria

O’Concept, the QSR reengineering snack-on-the-go to flip the market

O’Concept, the QSR reengineering snack-on-the-go to flip the market
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?, OPay reacts to office shutdown, N25 million license fee, OPay management denies payment issue as ORide riders protest against road transport workers union 

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. 
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.
SMEs, US technology company deploys software to ease business process in Nigeria 

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.
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.
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...
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...
Farmcrowdy

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...

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...

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...

Side hustle alert: Cold room business

Cold room business is fast becoming a popular side hustle in Nigeria. There is hardly any household today in the country that does not...

Defending your Turf – Providing value for your Customers

I moved to Gbagada, Lagos Nigeria, a few years ago and I still remember clearly what “The Prince Superstore” was. The Prince used to...

10 fastest growing business opportunities in Nigeria

There are profitable business opportunities available to any smart investor in Nigeria, and these opportunities can be found both online and offline. Online business...
Business

These Nigerian Startups may not ‘make it’ to 2019, If….

These Nigerian Startups may not 'make it' to 2019, if they don't change their business model. Disclaimer! This is not a death sentence and we do...

Side hustles you can try out in 2018

It is no more advisable to be solely dependent on monthly stipends got from our 8-5 jobs as standard of...
co-founder, startup

Explained: How startups are valued – Part 2

Depending on who you ask, there are a number of ways to value your startup. I will however categorise them into 2 broad segments:...

If you own a side hustle, this is how much tax you could pay

Understandably, majority of income earned from “side hustles” in Nigeria escape taxation.  Recently the government announced its...

Explained: How startups are valued

Startup valuation is one of the most debated topics in the venture capital (VC) world. It has bred different schools of thoughts, various valuation...
CBN Gov Godiwn Emefiele

Explained: Bank Charges, Fees & Interest Rates approved by the CBN

Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN The Central Bank on Nigeria released a new set of guidelines to...