By Joy Mfon Essien The Lagos Business Reality Lagos is not just Nigeria’s commercial capital—it is its economic heartbeat. From the ports of Apapa to the tech hubs of Yaba and the corporate towers of Victoria Island, the city hums with relentless energy. Every day, thousands of entrepreneurs launch new ventures, drawn by the promise Read More…
Starting a business in Lagos can be exciting, but it can also be overwhelming. The city is one of Africa’s most vibrant commercial hubs, with millions of potential customers and thousands of competing businesses. From the markets of Balogun and Alaba to the tech corridors of Yaba and Lekki, entrepreneurs are constantly launching new ideas Read More…
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…
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…
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…
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 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…
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…
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…
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…
