SME

The Central Bank of Nigeria has followed up its earlier decision to increase the Cash Reserve Ratio for Nigeria’s deposit money banks with another policy on Loan deposit ratio (LDR). Banks , before now, could only lend out 35 percent of their deposits to borrowers. But the apex bank’s acting…

According to a report by Weetracker’s The Better Africa, 61% of small businesses failed in Nigeria from 2010 to 2018. Despite the significant role these businesses play in modern-day poverty reduction, economic emancipation, and overall well-being, some inevitably shut down during the first five years of existence. It was found…

Two Africa software firms have teamed up to assist young African entrepreneurs in growing their businesses. According to them, SMEs across Africa encounter some barriers in their businesses, so they wish to help to accelerate their business. StartWeb’s co-founder, Thabo Ledimo, says he can identify with the challenges the young…

The federal government of Nigeria announced that N100 billion had been invested through the Development Bank of Nigeria to tackle unemployment and fund Small and Medium Enterprises (MSMEs) since 2017. This was made known in a statement given by the minister of state for Lagos and employment in Abuja. Festua…

There is nothing as exhaustive and devastating as expending all your efforts on building a business and yet, no significant result to show for it. Many entrepreneurs, especially small business owners, can relate to this. Why are your strategies not working? Sometimes, it’s the inevitable early-stage struggle that almost every…