BUSINESS

2019 CN’s Top 100 Emerging SMEs: Sapient Vendors

Nigeria’s building and construction industry continues to grow apace. It contributed up to ₦671 billion to the country’s GDP in the fourth quarter of 2019 alone. The sector’s expansion over the years has been driven by the rapid growth of

2019 CN’s Top 100 Emerging SMEs: Firstcam Creative Studios

Some entrepreneurs don’t experience as much growth as they would like to see in their businesses. This isn’t always because their products or services are lacking in quality. Sometimes it comes down to poor branding strategy. Business owners are becoming

Tomato Jos Gets €3.9 Million to Build Irrigation and Tomato Processing Plant

Tomato Jos, a company that’s helping farmers in northern Nigeria increase their crop yields, has secured funding worth €3.9 million from a group of investors. The company will be deploying the funds to build a large tomato processing plant. Since

President Buhari has Appointed Lamido Yuguda as New DG for the SEC

President Muhammadu Buhari has appointed a new Director-General to head Nigeria’s Securities and Exchange Commission (SEC). The body, which regulates the Nigerian stock market, will now have a substantive head for the first time in three years. On Tuesday, May

4 International Funding Opportunities for Nigerian Entrepreneurs (May 2020)

If you are looking for the latest funding opportunities for Nigerian entrepreneurs, you may find one here that you qualify for.  This month’s selection includes an accelerator program and calls for innovative startups to come up with solutions that’ll remedy

2019 CN’s Top 100 Emerging SMEs: JD Recycling

Nigeria seems locked in a perpetual struggle against waste. The country produces 34 million tonnes of solid waste every year. A lot of it ends up in huge refuse dumps or littering the streets of major cities. Only a fraction

2019 CN’s Top 100 Emerging SMEs: Yours Yoghurt

Nigerians aren’t putting down their yoghurts anytime soon. For decades, the drink has been a favourite for a broad range of people: children seeking a treat; working adults stuck in traffic, who want to douse their thirst; and the loner

NAFDAC Has Slashed Registration Fees for MSMEs by 80%

The National Agency for Food, Drugs Administration and Control (NAFDAC), is cutting its registration fees for SMEs by 80%. The discount is targeted at businesses involved in the production of food and drugs and will last for six months. Vice

ROUZO: About Us And How It Works

Rouzo is a portfolio managed platform that allows smart individual and corporate investors invest in portfolios that are you to provide financing for small businesses. Rouzo platform is owned by Owoafara Fintech services a financial technology company that builds platforms

Should You Invest During a Recession?

Nigeria is hurtling towards a recession. Some economists believe we’re already in one. It’s the sort of time in which most people shy away from investing. The economy isn’t doing well anyway, so there’s a high chance you’ll lose money

Favour Ori: The 23 Year Old Tech Whiz Who Sold an App for ₦22 Million

Imagine Favour Ori six years ago. He’s just another teenager living in urban Nigeria— wading through rowdy markets, hanging out with friends, and exploring his neighbourhood alleys in a football jersey top. You could have brushed past him on one

How to Make Money from the Stock Market During a Financial Downturn

The experts say economic downturns are the best time to invest in the stock market. But most people outside of broker circles don’t see how this makes sense. You’re probably wondering how this is good advice. The news from the

Business Growth Tips: How to Survive Tough Times

The COVID-19 pandemic has taken its toll on businesses across Nigeria. Revenues have plunged. Many are scaling back operations. Some have laid-off staff. A significant number are maintaining their employees on a fraction of their usual salaries. If you’re a

NNPC Cuts Petrol Depot Price to ₦108

The Nigerian National Petroleum Corporation has again lowered the ex-depot price of petrol. The latest reduction, announced on Wednesday, will see PMS sold to marketers at ₦108 per liter, down from ₦113.28 per liter. Final consumers can now expect a

Brands We Love: Dangi Foods

Dangi Foods is pushing to revive the love for potatoes in Nigeria. It says the tuber has fallen out of favour among Nigerians, who are sticking with other sources of carbohydrate, especially rice. There are a couple of reasons for

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