September 24, 2020

All You Need to Know About the Facebook Small Business Grant

While we are all striving to return to life, as usual, many businesses have been seriously affected by the pandemic. As such, they require all kinds of support to beat the effects of the pandemic on their economy. One such support is coming from Facebook. Yes, Facebook is providing post-COVID-19 support to small businesses around […]

Creative Ways For SMEs To Access Funding
September 23, 2020

Creative Ways For SMEs To Access Funding

Businesses face several challenges in today’s ultra-competitive environment. However, lack of funding lies at the forefront.  For businesses in developing societies such as Nigeria, this challenge is even more pronounced. It is safe to say that without access to capital, no business can thrive as it plays a crucial role in the establishment, sustenance, and […]

September 12, 2020

Business Justification Template

Most SMEs in Nigeria aren’t aware of this, but a business justification is one of the most important documents you will ever produce for your business or idea. It differs from a business strategy. While a good business plan outlines your ideas to give you clarity, your business justification template exists for two main reasons: […]

September 8, 2020

10 Business Accounting Software For SMEs

Different accounting software have been developed over the years to simplify business operations. The larger a business grows, the more accounting problems it is likely to experience. These software help small businesses to save time and resources by creating an automated method of managing finances, payroll and accepting payment. People often wonder why it is […]

September 4, 2020

Requirements for Development Bank of Nigeria Loan

It is amazing that with over 37 million SMEs in Nigeria, more than 95% don’t have access to credit. This shouldn’t be so if these SMEs contribute to more than 50% of the Nigerian GDP. No wonder many businesses end up dying within the first few years of operation. The place of capital in running […]

September 3, 2020

CBN Loans for SME owners in Nigeria

What better time to discuss CBN loans for SMEs in Nigeria than now? Many businesses have been shaken by the effects of COVID-19 and are seeking funds to rebuild. The truth is that even before the pandemic, it has never been easy to raise funds for business purposes. The Central Bank of Nigeria understands the […]

August 28, 2020

Nigerian SME Contribution to The GDP In 2019

SMEs are the engine house for economic growth all over the world. SMEs account for the majority of businesses globally and are important contributors to job creation and global economic development. They efficiently provide and deliver goods and services to regions where they are needed, create job opportunities, develop their communities, and foster healthy competition […]

August 25, 2020

Important Statistics To Know As An SME In Nigeria

Many people dream of owning an SME in Nigeria and it’s not a bad idea to aspire to, considering that there are over 37 million SMEs in Nigeria. The truth is that the idea of starting a new business can be daunting. But by splitting the process into steps, it becomes easier to take the […]

August 21, 2020

5 Government Intervention Funds for SMEs in Nigeria You Should Know About

There are two major ways businesses get funding, equity and loans. The Federal Government of Nigeria has made efforts to create a favourable climate for SMEs in Nigeria. It is doing this through several Government SME intervention funds. From Federal Government loans for small businesses in Nigeria to CBN intervention funds, the government has set […]

August 12, 2020

Practical Ways Business Owners In Nigeria Can Invest In Their Business

Many business owners in Nigeria don’t know that they are more than just entrepreneurs. Every entrepreneur doubles as an investor. This means that since we have more than 37.07 million SMEs in Nigeria, we have about the same number of small business investors. Imagine that this number of SME owners understood how to invest in […]

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