Every business requires funding to start, sustain and scale it and you can raise such funds from online lending platforms. Most often, many business owners require some extra funds to expand their business. When other sources of funding are exhausted, taking a loan can become another source of interest. Business owners tend to think that […]
Ready access to credit (loans) is an integral part of sustaining a small business and building it into a larger enterprise. Two primary ways to access the required funding is either through equity or loans. Although equity funds might seem like the best bet, a wiser alternative would be to get a loan. The process […]
A total of 2.3 million Micro, Small and Medium Enterprises have accessed interest-free loans under the Government Enterprise and Empowerment Programme, the Federal Government announced on Friday. GEEP is a government initiative under the National Social Investment Programme. Other NSIPs include the N-Power Programme, National Home Grown School Feeding Programme and Conditional Cash Transfer Programme. […]
The Bank of Industry said the total amount it disbursed to the Micro, Small and Medium Enterprises segment in the country in 2019 rose by 56.3 per cent to N53bn year-on-year from N33.9bn disbursed in 2018. The Chairman, Board of Directors, Mr Aliyu Dikko, said this during the bank’s 60th annual general meeting which held […]
Up to 40 Micro, Small & Medium Enterprises (MSMEs) will benefit from a N2 million facility each, offered by the Rotary District 9110, Nigeria, covering Lagos and Ogun states, respectively. The facility is to enable them to boost their businesses and create more wealth in value chains trading. According to Rotary, the loan disbursement to […]
The Interest rates on loans to the Small and Medium Enterprises to cushion the effects of the coronavirus on their operations introduced by the Central Bank of Nigeria will rise to nine per cent from five per cent in March 2021. The CBN disclosed this in its guidelines for the implementation of the N50bn Targeted […]
Temitope Adeyemo Okay, let’s settle this. Nothing is faster than the speed of light. There are many pitfalls in running a successful and sustainable business. You will make a few mistakes here and there. You will, if you don’t give in or give up, overcome and become better at running your business. There are however […]
Temitope Adeyemo Cash is the blood of any enterprise. An enterprise that outflows cash more than it inflows will soon die. A bloated account receivable is entirely useless to a business if it cannot convert such to cash to run its day to day operations. Let me tell you a story of a good man, […]
