Debt can be helpful financial sources both at a corporate or personal level. Debt in the form of a business loan, business credit card, or line of credit can be strategic means to finance a business and to undertake vital operational tasks such as hiring the best hands, purchasing necessary infrastructure, financing growth strategies and […]
Nigeria is a country blessed with several daily income businesses to venture into. Gone are the days where owning a business was a luxury only the rich could afford. Now, there’s a whole lot of business opportunities you can start with affordable business capital. Let’s take a look at some of these businesses: 1. Food […]
The internet is the biggest rave of the moment for businesses with the idea of running an online business. Many business owners are certainly making the most out of this technology. Most small and medium enterprises in Africa exist mainly on Instagram and Facebook shops without a physical location. Some consider digital media to be […]
You’re probably wondering what the fuss is about lucrative online business ideas? Why is everyone talking about doing business online? Well, here’s something to hold onto. Online business ideas come with several amazing advantages to SMEs. To be honest, this era is the easiest there has ever been to run a business. This is because […]
The E-commerce business in Africa has grown widely, becoming a huge industry for entrepreneurs to venture in at this time. As a result of the global pandemic, consumer behaviour and habits have changed, tilting towards online buying as almost an absolute necessity as a result of the lockdown. This is in contrast to a few […]
Small and Medium Enterprises (SMEs) in Nigeria are well recognised as the backbone of our economies and commerce. They make major contributions to global economic growth and sustainable development while generating employment, alleviating poverty, creating wealth and ensuring the smooth distribution of foods across the nation. It is this recognition of the important roles played […]
What do you know about loan apps? The major challenge for most SMEs in Nigeria is access to funds. The entire process of obtaining bank loans can also be tedious, especially if you don’t have the necessary loan requirements. It could take months unending, and this can be frustrating for many business owners. Are you […]
Many folks begin their Christmas shopping before December because they somewhat believe that prices would increase in December, which is why your marketing should have been finalised by now before buyers finish making buying decisions. These ideas need little or no special skills to execute but will improve engagement with your business and drive sales […]
The idea of taking a business loan is often quite scary. Unfortunately, successful SMEs in Nigeria understand that taking periodic business loans is an undisputed aspect of owning a small business and one of the most difficult decisions an SME owner will face. Whether you’re aiming to grow your business exponentially or just to keep […]
Following the outbreak of the coronavirus pandemic, several households and MSMEs were adversely affected. Global supply chains were greatly disrupted, leading to severe consequences on households’ livelihood and business activities. To manage this crisis, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF). This credit facility’s sole purpose is to […]
