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Registration racketeering caused 80% MSMEs not to be registered–Survey

okechukwu-enelamah

Just as the Director General of Corporate Affairs Commission (CAC), Mr. Bello Mamud has said over 80 per cent of SMEs doing business in Nigeria are not registered, another independent survey has indicted the agency as creating a scenario that encourages touting and racketeering rings in the process of registering companies. The survey by an Abuja based NGO said “It ...

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SMEDAN, NICON ink MoU on Insurance Cover For SMEs

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has signed a memorandum of understanding (MoU) with NICON Insurance Limited. SMEDAN and NICON, in the agreement, determined to reinforce the agenda of diversification of the economy through the empowerment of the informal sector. They said it represents their steps towards ensuring the success of Micro, Small and Medium Enterprises ...

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NYSC: CBN earmarks N2.5bn For Entrepreneurial Skills

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The Central Bank of Nigeria (CBN) has said it had earmarked a total sum of N2.5bn for members of the National Youth Service Corps with good business ideas. The N2.5bn which was set aside out of the N220bn Micro, Small and Medium Enterprises Development fund would be disbursed to the youth corps members under the Youth Entrepreneurship Development Programme. The ...

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BOI Allocates N10bn for Youth Entrepreneurship Support

The Bank of Industry (BOI) has allocated N10 billion for the Youth Entrepreneurship Support (YES) across the country during the present fiscal year. This disclosure was made on in Maiduguri during the flag off of the capacity workshop sponsored by the Entrepreneur Development Centre (EDC) in conjunction with the BOI, where 105 youths are trained as part of the 2,500 ...

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Experts review hurdles facing MSMEs, Startups in Nigeria

okechukwu-enelamah

As part of renewed efforts to diversify the economy as pursued by the present government, experts in business developments and operators are now giving ideas on how best to create jobs. Whereas the government seems carried away by what can be quickly gained from boosting mining, agriculture and manufacturing, business development experts say the fastest way to go remains empowering ...

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#StartupSouth targets SS/SE youths for empowerment

Innovative thinkers wishing to leverage technology to solve problems have been encouraged to pitch your startup/idea before an audience comprising active early stage, seed and angel investors, potential customers and partners. #Startupsouth is the premier early business event connecting Startup Entrepreneurs based in the south-south and south-east to knowledge, market and investment opportunities. Now in its second year, the goal ...

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Confusion in Imo over proposed N3,000 ‘strange’ tax on citizens by Govt

Palpable fears are currently disturbing Imo citizens both at home and outside the state as the State Government may have imposed what they described as unknown tax of N3,000 on every citizen irrespective of your place of residence monthly. Details gathered by Nigeria Business Hilights across many community meetings in Lagos show that the state government through their traditional rulers ...

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GOVERNMENT INTERVENTION FUNDS FOR SMES AND ACCESS TO THEM

Money is a defense. Naturally, it is the livewire of any #business venture. Irrespective of whatever business line you want to venture into, as an #entrepreneur, without adequate financing, your business may just be a one-hit-wonder after all. SMES in Nigeria have over the years struggled with getting funds to start and maintain their business. Issues bordering on demanding collateral ...

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Trade Fair Complex Not Listed As Ambode plans Lagos market tour

Whereas the Lagos State Governor, Mr. Akinwunmi Ambode, has concluded plans to visit mega markets around the state to interact with traders and obtain their views on his achievements, indications are rife that the largest market complex in the state, and sub-Saharan Africa, Lagos International trade fair complex is not listed in the pilot phase. Lagos International Trade Fair by ...

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