August 7, 2020

5 Different Ways to Finance Your Small Business in Nigeria

For most SMEs in Nigeria, the issue of finance is one of the most important aspects. Not only is it important, but it can also be a very challenging one.  To finance your small business in Nigeria, the first option that might come to mind will most likely be loans. However, this is not the […]

July 14, 2020

Who is Eligible to Get a DBN Loan in Nigeria?

At every single stage of a business, adequate capital is required to foster growth. Where capital isn’t available or inadequate, businesses die. This in return is really harmful for the development of the economy. In a bid to curb the lack of access to required capital for small and medium businesses (SME), The DBN loan […]

July 7, 2020

How to Access Several Intervention Funds in Nigeria

Research has shown that one of the major causes of failures for SMEs is lack of funding. Many entrepreneurs are being faced with financial challenges in the early phase of their businesses; this is why different intervention funds in Nigeria have been set up. Most of these intervention funds in Nigeria are granted to the […]

July 6, 2020

How to Get a BOI Loan in Nigeria

The Bank of Industry has been a major flag-bearer in the business of providing long term financial support for various industries in the Nigerian economy. BOI has a mandate of providing financial assistance for the establishment of large, medium and small enterprises as well as the expansion, diversification and modernization of existing ones or rehabilitation […]

July 4, 2020

All You Need to Know about BOI Loans

Did you know that MSMEs (Micro, Small and Medium Enterprises) make up 84% of total jobs in Nigeria? SMEs in Nigeria are major drivers of innovation and growth in the Nigerian economy. According to the Ministry of Industry, Trade, and Investment, Nigeria has over 37.07 million micro, small and medium-scale enterprises (MSMEs). The ministry claimed […]

July 2, 2020

How to Get a DBN Loan in Nigeria

According to the DBN, Nigeria has more than 37 million MSMEs but not up to 5% can access credit. When you consider this rate, it easy to see why many of these businesses pack up within a few years. Capital is very important to running any business and credit is one of the chief ways […]

July 1, 2020

How SMEs in Nigeria can Access the CBN COVID-19 Intervention Fund

By now you must have heard about the CBN COVID-19 Intervention Fund. It’s been all over the news and on social media. The CBN is making N50 billion Targeted Credit Facility available to SMEs and households hit by COVID-19. Evidently, the new coronavirus has hit all businesses and crippled several SMEs worldwide. This is largely […]

June 19, 2020

5 Things Required for Business Owners to Get Loans from the Bank

Thinking of getting a loan can be very exciting until you begin to know the requirements involved. Many business owners avoid this path due to how tasking it can be. Let me start by mentioning that loans are one of the ways to fund your business. A lot of organizations big and small collect bank […]

June 11, 2020

20 Businesses You Can Start With Little or No Capital

“Lazy Nigerian youths”, this phrase was taken in very bad taste by the youths in Nigeria last year. They argued vehemently insisting that it was the lack of job opportunities, lack of empowerment, corruption etc. I am a Nigerian youth as well and I empathize with you on the situation of our country. However, we […]

May 21, 2020

Credit Companies for Accessing Credit in Nigeria

Are you a business owner looking to fund your business? Or are you an entrepreneur with a brilliant idea waiting to happen? One of the major challenges you may face as an entrepreneur or business owner is a way to access finances for the actualization and operation of your business. Finances are the lifeblood of […]

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