Covid-19 Loan: If You Applied For This Loan, You Need To Take Note Of This
In this article, I quickly want to make a few remarks which I think may be helpful to those who applied for the loan, but have not yet received their money. While a lot of persons have smiled to the bank a couple of weeks or months ago, others have given up hope as they have waited and gotten tired of waiting for their approval which would have consequently led them towards the reception of their funds in their bank accounts. Just a reminder that the scheme was meant to be a targeted credit facility for households
Survival Fund: FG addresses beneficiaries that are yet to receive payments
It's no longer news the Federal government under president Muhammad Buhari, launched a N75 billion survival fund scheme, which was flagged-off in Abuja on Thursday September 2020 by the Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum. The MSME Survival Fund, was designed to cushion the effect of COVID-19 on vulnerable SMEs. Starting with the Payroll Support targeting 100,000 businesses and 500,000 beneficiaries for salaries ranging from N30,000 to N50,000. Also about 333,000
(OPINION) 3 Reasons Why You Should Stop Recharging Your Phone Lines Through Banks
3 Reasons Why You Should Stop Recharging Your Phone Lines Through Banks (OPINION) Note : The pictures are for illustrative purposes. For many years, Nigerian banks have introduced different electronic payment platforms for their customers’ convenience, among which include government utility bill payments (Electricity, Water, School Fees, TIN and others) as well as airtime recharge. Many people find the latter very convenience and easy to use at any time and places. However, as this platform may be very expedient
Rethinking Quality Governance Ahead Of 2023
Phot of Akwa Ibom Governor, Deacon Udom Emmanuel As the election year nears and agitations for who succeeds Governor Udom Emmanuel heighten, one cannot be oblivious of the apprehension which is beginning to set in, in the minds of concerned stakeholders of the State. The big question is, whose legs would be large enough to wear the shoes which the sitting Governor would remove?
If You Want To Start A Business In Nigeria, Check Out These 4 Ways You Can Fund It
Small and medium enterprises (SMEs) are crucial parts of the economic growth of both advanced and developing nations. SMEs play important roles in the development of Nigeria's economy. Report from the Nigeria Bureau of Statistics, shows that SMEs added more than 45% to the nation's GDP in the last 5 years.
Benefits of Agric Small Medium Enterprise Investment Scheme (AGSMEIS)
The Agric Small Medium Enterprise Investment Scheme (AGSMEIS) is one of the initiatives by the Federal Government of Nigeria to promote agri-business in Nigeria. It was formed to provide supports to Small and Medium Enterprises (SMEs) in the country to facilitate sustainable economic development. The SMEs can apply for up to 10 million Naira at an interest rate for as low as 10% per annum and with no collateral. The Buhari-led administration formed this initiative to help provided finance for Nigerian small
ASUU, Survival fund and social media trends
Social media trends for Wednesday 6th January 2021 ASUU The uncertainty pervading the resumption of universities and the propensity for another strike by lecturers, has pushed up the Academic Staff Union of Universities (ASUU) on the social media trend. A cross-section of Nigerians made up of mostly youths have been expressing frustration due to the fact that they are now left in the dark on what may likely constitute ASUU's next move. This, according to them, has affected their 'back to school' planning. ASUU
Benefits Of Registering Your Small Business In Nigeria
Recently, there has been an increase in the creation of small businesses across the country. Whether they are sole proprietors, entrepreneurs or SMEs, these businesses need to be registered. Many small business owners in Nigeria do not have to register for a business for various reasons. Ignorance or just a long process of registering a business or evading a tax payment. Benefits of registering your small business in Nigeria List your small business with benefits However, it is important
Funding Options For Small Businesses In Africa
Support for small and medium-sized businesses is essential to the success of small and medium-sized businesses in Africa, regardless of size, location and sector. Although essential, financing can be very challenging for the security of business owners. This is one of the many reasons why SMEs can be funded - to help African small and medium-sized businesses achieve their goals and objectives. Are you a startup that needs capital to grow your business? Do you need to renew your business? Below is a
All CBN Covid-19 Loan Applicants Should Read This Message
The Central Bank of Nigeria has Stated a few reasons why some Coronavirus loan applicants of the Nirsal Microfinance bank might not have gotten their cash.
5 Government Agencies That Lend Money To Small Businesses In Nigeria
Do you know that you can use government agency funding for your SMEs? Small and medium enterprises play a very important role in the development of the country's economy. This is because they are the biggest employers. According to the National Bureau of Statistics, small and medium-sized enterprises occupy 50% of industrial jobs, about 90% of manufacturing operations and 48% of domestic products. The SME sector, although of great importance, remains less than Nigeria. 5 government agencies lending
Governor Zulum disburses funds to youths, vulnerable and SMEs
In accordance with his 10-pact Agenda for Youths Empowerment of vulnerable groups in the state for Socio Economic Development, the Executive Governor of Borno State, Engineer Babagana Umar Zulum has directed the Ministry of Sport and Youth Empowerment to disburse small grants to the disabled persons, youths, and Small and Medium businesses. The Honorable Commissioner of Youth and Sport, Hon. Saina Buba said the funds are meant to empower the vulnerable and the youths in the state to discourage begging and
How To Solve The Problem Of Cheap Imports Into The Country— LCCI Counsels FG
The Lagos State Chambers of Commerce and Industry has counseled the Nigerian government on what to do to stop cheap imports into the country. In a message to commemorate the country's Independence Anniversary, LCCI said the solution to cheap imports into the country is to address the fundamental constraints to manufacturing competitiveness in the Nigerian economy.
Happy Independence Day, Nigeria @ 61
The Federal Republic of Nigeria Celebrates it Independence day today October 1st. Although there are some issues facing the country, but Nigeria is still the giant of Africa. The Covid-19 pandemic came and the economy of the country was affected, but the present Administration has done well to prevent the spread of the virus, businesses were affected, schools shutdown, but the country is still moving forward.
Buhari's administration committed to economic diversification - Lai Mohammed
Photo credit: punch news Minister of Information and Culture, Lai Mohammed, in a speech in Abuja on Saturday stated that the Buhari administration is versatile and willing to boost Small, Micro and Medium-Scale Enterprises (SMEs). The minister gave the speech on the sidelines of a five-day exhibition ceremony tagged 'Made-in-Nigeria Products'.
Reasons Small Businesses Fail In Nigeria
SMEs create and sustain national development related to job creation worldwide and are therefore believed to play a key role in poverty alleviation today. economy and general well-being worldwide. Typically, they do little or no formal training and face a range of infrastructure challenges that make it difficult to carry out day-to-day operations. Theirs. The importance of SMEs in the economic sector of the country allows SMEs to make an important contribution to the development of host communities. increasing
Excite Enterprises Births in Nigeria To Ease MSMEs
Excite Enterprise, a fully digital Business Development, and Enterprise solutions provider, has made its way into the Nigerian market with various simplified innovations, designed to lead Micro, Small, and Medium Enterprises (MSMEs) on the pathway to success and sustainability. It is designed to facilitate solutions to the many problems faced by SMEs in terms of low productivity, inability to access funds, legal difficulties involved in business registration, and reaching the right customers through influencer
Negative impacts of the Nigeria's Twitter ban
Nigeria announced the indefinite suspension of Twitter in the country on June 4 after Twitter took down President Muhammadu Buhari's tweet for violating its "abusive behavior" policy. The announcement has been greeted with outrage by Twitter users in the country with many claiming it is an attack on free speech and people's right of expression.
An expert offers 7 solutions to sustain business and well-being in 2021
An expert in financing and structuring of small and medium-sized enterprises (SMEs) proposed in Côte d'Ivoire seven solutions for the benefit of business leaders and entrepreneurs to sustain their activities and preserve their personal well-being in 2021. A keen observer of the African business environment and witness to the difficulties encountered by local entrepreneurs, through support programs, Mamadou Kouyaté, boss of Jely Group, a firm dedicated to the financing and structuring of SMEs as well as to
OFFICIAL: TLG Announces Up to US$20M Investment Agreement with Fidelity Bank in Nigeria
TLG Capital announced yesterday that it would be investing with Fidelity Bank Plc an amount of up to US$20M.