According to Mr. Olumide Balogun, the Country Director of Google West Africa, the recent Google Hustle Academy graduation in Abuja was a celebration not just of 5,300 graduates but also of the significant empowerment provided to 10,000 businesses across Africa, including 4,400 in Nigeria. Balogun emphasized that the fund, comprising financial aid, mentorship, and business Read More…
SMEs
MTN MoMo collaborates with NASME to launch mobile money platform for SMEs
The Nigeria Association of Small and Medium Enterprises (NASME), in conjunction with MTN MoMo, has introduced a mobile money platform aimed at empowering startups and small and medium enterprises (SMEs) to expand their businesses. Announced at the MTN MoMo and NASME Symposium and Exhibition in Lagos, the initiative signifies a concerted effort to bolster the Read More…
GET Compass Awards unveil 13 trailblazing entrepreneurs
Grooming Endowment Trust (GET) is pleased to announce that 13 promising entrepreneurs have been awarded GET Compass Award grants, providing them with a vital stepping stone to initiate their businesses. The GET Compass programme is dedicated to fostering Micro, Small, and Medium-sized Enterprises (MSMEs) that offer products and services vital to community well-being and economic Read More…
Lagos is Africa’s startup capital
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…
Lagos charges MSMEs Council to create more capacity-building programmes
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…
Nigerian startups help fight scourge of fake medicines
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…
LCCI pegs COVID-19 loss by MSMEs in Lagos at N2.7bn
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…
Malami urges private sector participation in prison skills training
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…
FG changes MSMEs survival fund portal from Nov. 1
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…
CAMA 2020 expected to reduce regulatory burden on MSMEs – CAC Registrar
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…