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

Cars45 CEO, Etop Ikpe, Import duties, Nigerian customs, Border closure, Nairametrics news, Business news

Cars45 CEO explains how to increase demand for Made in Nigeria cars

Etop Ikpe is the Chief Executive Officer of Cars45, one of Africa’s largest digital automotive trading platform.
PMI equips SMEs with skills for sustainable growth

PMI equips SMEs with skills for sustainable growth  

The PMI is helping the Small and Medium Enterprise sector grow by training and providing skills to owners of businesses in the sector.
Why I dumped film production for peanuts 

Why I dumped film production for peanuts – Ghanaian Entrepreneur 

Marian Akosua Mantey studied Film Directing at NAFTI before deciding to start making plantain chips and peanuts.  
CBN Entrepreneur loan, 7 Tips for Financing Your New Business, SMEDAN invests N103.5 million in Sokoto entrepreneurs  

SMEDAN invests N103.5 million in Sokoto entrepreneurs  

SMEDAN disclosed that it has given N103.5 million to 2,070 entrepreneurs in Sokoto state 
Kongo company result, Konga acquisitions, Konga CEOs, Zinox Group acquires Konga, Early Metrics rates Konga, Zinox acquires Konga, Konga joins Intel's Retail Accelerator Programme

Is Konga following Redeemed Church strategy in e-commerce market?

I see a growing similarity between The Redeemed Christian Church of God (RCCG), one of Nigerian’s biggest Pentecostal churches, and Konga, Nigeria’s foremost composite e-commerce giant in their mode of operations.
MSMEs crucial to providing employment to growing workforce – Peugeot Boss

MSMEs crucial to providing employment to growing workforce – Peugeot Boss

Mr. Ibrahim Boyi has called for stakeholders support for MSMEs describing them as having the capacity to absorb the nation’s growing workforce.
CcHub’s Bosun Tijani discloses expansion plans following iHub acquisition

CcHub’s Bosun Tijani discloses expansion plans following iHub acquisition

Following the acquisition of iHub, Bosun Tijani, the CEO, has shared details of his strategy for operating the multi-country hubs.  
MSMEs require more credit - NSE, Credit Bureau Association  

MSMEs require more credit – NSE, Credit Bureau Association  

The NSE and the Credit Bureau Association of Nigeria (CBAN) have called for increased access to credit by MSMEs in Nigeria. 
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 

OPay management denies payment issue as ORide riders protest against NURTW

ORide took to the road to protest “multiple ticketing,” which is described as extortion, by the union members. 
Africa-focused venture capital firm hosts summit to boost female representation in tech 

Africa-focused venture capital firm hosts summit to boost female representation in tech 

In a bid to help boost female representation in the tech industry, TLcom Capital hosted an African Tech Female Founder Summit.  
Nigerian hair maker, X-Pression sacks workers, blames economy woes under Pres. Buhari

The dwindling fortunes of hair brand, X-Pression; how Nigeria is singlehandedly killing it 

For more than 15 years, X-Pression enjoyed huge demand in Europe and America. X-Pression's growth was driven by its market positioning.
Start-up owners must believe in Nigeria to scale, says Ekeh, Zinox Boss

Start-up owners must believe in Nigeria to scale, says Ekeh, Zinox Boss

Leo Stan Ekeh has disclosed that budding entrepreneurs and business owners must retain a level of belief in Nigeria in order to scale their business.
FCMB and SystemSpecs sign MoU, launch a payroll solution for SMEs

FCMB and SystemSpecs sign MoU, launch a payroll solution for SMEs

FCMB, in collaboration with SystemSpecs Limited, has launched a solution that is focused on aiding different aspects of business operation.
Carbon to empower more start-ups with new platform 

Carbon to empower more start-ups with new platform 

Carbon, one of Nigeria’s foremost digital financial services company, has launched a digital financial services platform, Carbon for Business.
Africa Development Bank. AfDB develops Index to aid women empowerment , African Development Bank awards $1.1 million to boost food production in Africa , AFDB increases capital to $208 billion in bid to secure Africa’s future , African Investment Forum: AfDB eye $67 billion deals 

Adesina leads the charge to lend to women-focused businesses 

The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has called for the need to lend to women and women focused businesses.
Emotional intelligence, Business, manage, run

Why you need emotional intelligence to successfully run a business

Why you need emotional intelligence to successfully run a business
FG looks to reform ease of doing business, plans regional tour 

FG looks to reform ease of doing business, plans regional tour 

The Federal Government, through the PEBEC, is looking to improve its ease of doing business strategies.
4 Nigerians out of 10 Africans make Jack Ma's $1m Netpreneur Prize 

4 Nigerians out of 10 Africans make Jack Ma’s $1m Netpreneur Prize 

4 Nigerians out of 10 Africans have been shortlisted for the Africa Netpreneur Prize Initiative founded by Chinese billionaire, Jack Ma.  
Tax Waivers for startups - Emotional intelligence

A look at some financing options for small business owners

A look at some financing options for small business owners #SME #MSME #Entrepreneur
Nigerian fintech firm, Lidya expands $1.1bn SMEs loans in Czech, Poland 

Nigerian fintech firm, Lidya to invest $1.1billion in Czech, Poland

In a bid to continue expanding its services into the international market, Nigerian Fintech firm, Lidya has launched in Poland and Czech Republic.
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.
BoI’s MD complains that SMEs don’t repay loans, Nigerians react 

BoI’s MD complains that SMEs don’t repay loans, Nigerians react 

The MD of Nigeria’s BoI, Kayode Pitan, was recently quoted as saying that it is very challenging to get repayment on loans issued to SMEs.
FIRS could seal your office if you get these two notices

Withholding Tax: Beginners’ Guide For Small Businesses in Nigeria

Beginners' Guide For Small Businesses on Withholding Tax in Nigeria
financial security, Financing for Small Business, Financing for Small Business, Why having a growth plan is important for your business, Here’s how to SWOT your way to competitive advantage, Reasons your business might be struggling even when you’re making profits

Financing for Small Business

A small business is “small” with limited capitalization and fewer options to raise cash to finance operations.
These 12 African startups selected for 2019 Series-A Venture Showcase 

12 African startups selected for 2019 Series-A Venture Showcase 

The Africa platform for startup funding, Venture Capital for Africa (VC4A) has selected the 12 startups that will be participating in its 2019 Series-A Venture Showcase. 
Union Bank, Dick Kramer, Emeka Emuwa, Union Bank announces close period ahead of Q3 2019 results 

Women entrepreneurs set to benefit $200 million from Union Bank  

Women Entrepreneurs will benefit from a $200 million facility acquired by Union Bank to support Women-led businesses. 
Flutterwave emerges Y Combinator’s African most valuable startup 

Flutterwave emerges Y Combinator’s African most valuable startup 

Flutterwave has emerged as the most valuable company from Africa according to American seed accelerator, Y Combinator’s (YC) list.
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 

CBN increases LDR to 65%, sets December deadline 

The CBN has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits.
How $60 billion fund can benefit Nigeria - Chinese expert 

How $60 billion fund can benefit Nigeria – Chinese expert 

The biggest hindrance to the growth of Small and Medium Businesses in Nigeria is funding.
UBA, LCCI partner to create value for SMEs at 2019 Lagos Int’ Trade Fair

UBA, LCCI partner to create value for SMEs at 2019 Lagos Int’ Trade Fair

UBA and LCCI have joined forces to create value for SMEs at the 2019 Lagos International Trade Fair in November 2019.