Business Hilights

Tracking Nigeria's Headline Business News Online

SMEs

Biggest fears of startups in entrepreneurship, solutions, by Yudala

Setting out as an entrepreneur and making a success out of it is not a task for the faint-hearted. This reality is more pronounced in a peculiar business terrain such as Nigeria. Indeed, most entrepreneurs have the mind-set of an…

Ikeja Electric fingers rainstorm over power outages in distribution zone

The Ikeja Electric has traced massive power outage experienced in parts of its jurisdiction on March 20 night to heavy rainfall which destroyed its equipment. In a statement in Lagos Tuesday Ikeja Electric said areas affected by the outage included…

ICT has all it takes to push SMEs contribution to GDP above 1%, says Minister

The Minister of Communications, Alhaji Adebayo Shittu has identified proper development and deployment of Information Communication Technology (ICT) applications in production processes of products and services as the catalyst that can propel the Small and Medium Scales (SMEs) to increase…

SMEs

Elumelu drills Ghanaian Varsity students, youths on the ABC of entrepreneurship

Group chairman of UBA Plc, and founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu addressed Ghanaian youths on how to achieve business success early in life without failure. Relying on his wealth of his business intelligence experience and…

Why FG cut fertiliser price by half for farmers

To deepen food productivity even in the face of recession, President Muhammadu Buhari has approved the payment of the outstanding N22bn meant for dealers of agricultural inputs, popularly known as agro-dealers, in order to ensure the seamless distribution of fertilizers….

SMEs

FCMB names more winners for Millionaire Promo Season 4

The current season of excitement and rewards for customers of leading financial institution, First City Monument Bank (FCMB) Limited has churned out more winners. The promo began on March 1st. According to the bank, ‘FCMB Millionaire Promo Season 4’ had…

Kwara Gov, Ahmed assures BoI of judicious use of MSMEs facility

Wife of the Kwara State Governor, Mrs. Omolewa Ahmed has not only lauded the Bank of Industry (BoI) for disbursing entrepreneurship loans to over 250 women in Kwara State, but assured of its judicious use. The Bank of Industry (BoI)…

SMEs

FCMB deepens services to SMEs, seals FG’s social intervention scheme in Jigawa

The ongoing window opened by First City Monument Bank (FCMB) for Small and Medium Enterprises (SMEs) has raised the visibility of the banks as more states are cashing on the scheme for their citizens. Only recently, the bank has signed…

Why Edo was privileged to access World Bank loan in Africa – Obaseki

Governor Godwin Obaseki of Edo State has explained the reason behind a hitch-free access of World Bank facility in a record time, saying the state’s outstanding profile of debt structure in Nigeria did the magic after all. While chiding the…

Investment consultancy firm to fund SMEs in Nigeria, others

Emerging investment and business management consultancy firm operating from Europe, Gradient Consulting Africa (GCA), has set out plans to provide financial access for Small and Medium Scale Enterprises (SMEs) in Nigeria and the entire sub-Saharan Africa. In a statement, founder of,…