Business SMEs Top Story

Lagos is Africa’s startup capital

Reading Time: 2 minutes When it comes to attractiveness for startups, Lagos leads the ranking of African cities according to data by StartupBlink. The Nigerian capital managed to outperform its direct competitors Nairobi, Cape Town and Johannesburg in 2021, a trend that is likely to continue. These scores are the exception rather than the norm though. As our chart Read More…

Business Metro SMEs

Lagos charges MSMEs Council to create more capacity-building programmes

Reading Time: < 1 minutes Lagos State Government has charged the State Council on Micro, Small and Medium Enterprises (MSMEs) to create and drive programmes that would enhance the capacities of MSMEs to deliver on their mandate. Addressing members of the MSMEs in Ikeja at Quarterly Council Meeting on Wednesday, the Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, Read More…

Business SMEs Top Story

Nigerian startups help fight scourge of fake medicines

Reading Time: 2 minutes Startups in Nigeria are helping fight counterfeit pharmaceutical drugs in Africa’s most populous nation, where the prevalence rate of fake drugs is higher than the global average 10% and contributes to several deaths annually. The most counterfeited are drugs for anti-malaria, pain and antibiotics, according to the National Agency for Food and Drug Administration and Read More…

Business Economy Featured SMEs

LCCI pegs COVID-19 loss by MSMEs in Lagos at N2.7bn

Reading Time: 2 minutes The Lagos Chamber of Commerce and Industry (LCCI)  says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is about N2.7 billion, due to the  recent Coronavirus (COVID-19) lockdown. LCCI’s Director-General, Dr Muda Yusuf, made this known on Sunday through the LCCI’s Economic and Business Review for 2020 and Outlook for 2021. Yusuf further attributed Read More…

Business Featured SMEs Society

Malami urges private sector participation in prison skills training

Reading Time: 2 minutes The Federal Government on Thursday called on the private sector to participate in the establishment and running of Correctional Centre skills in the country. The Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, SAN, made the call in Abuja while declaring open a three-day National Meeting on Correctional Reforms in Read More…

Business Featured SMEs

FG changes MSMEs survival fund portal from Nov. 1

Reading Time: 2 minutes The Federal Government says it will effect a change in Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed off-take Stimulus Scheme site from Nov.1 due to operational challenges. Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment and Chairperson of the Steering Committee of National MSMEs Survival Fund and Guaranteed off-take Read More…

Business Featured SMEs

CAMA 2020 expected to reduce regulatory burden on MSMEs – CAC Registrar

Reading Time: 3 minutes Alhaji Garba Abubakar, the Registrar-General, Corporate Affairs Commission (CAC), says the Companies and Allied Matters Act, 2020 (CAMA 2020) will reduce the burden of starting and running small businesses in Nigeria. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. He said that the provisions of Read More…

Business Featured SMEs

NBC, others empower youths with business league

Reading Time: 4 minutes The Chief Executive Officer, Nigerian Bottling Company Limited (NBC), Mr Matthieu Seguin, on Wednesday said the organisation remained passionate about the growth of Nigerian youth, especially given the current challenges posed by the COVID-19 pandemic. Seguin made this known in a statement issued in Lagos, on his endorsement, alongside other corporate organisations, of the Nigeria Read More…

Business Featured SMEs

FG warns applicants not to pay facilitation fee for MSMEs COVID-19 grant

Reading Time: 3 minutes The Federal Government says applicants will not pay any ‘facilitation fee’ to access its  intervention grant for Micro, Small and  Medium Enterprises (MSMEs), and cautions unsuspecting applicants  against  fraudsters. Mrs Mariam Katagum, the Minister of State for Industry, Trade and Investment, stated this at a news conference on the implementation process of the Survival Fund in on Thursday Read More…

Agriculture Business Featured Metro SMEs

AFAP pledges to make Lagos food processing hub

Reading Time: 2 minutes The Association of Food and Agro Processors (AFAP) says it has evolved mechanisms to assist Small and Medium Enterprises (SMEs) drive Lagos State into a food processing hub for local and export markets. Mr Duro Kuteyi, National President of AFAP, made this known at the Lagos State MSME Exclusive Fair on Wednesday in Lagos. Kuteyi Read More…