Archives Tag: SMEs
Creating a Resilient Financial Strategy for SMEs in Nigeria
April 19, 2022
Small and Medium Enterprises (SMEs) in Nigeria form the backbone of the economy, contributing significantly to job creation and economic growth. However, navigating the challenges of a dynamic business environment requires SMEs to build financial resilience. In this article, we explore essential components of a resilient financial strategy tailored for SMEs operating in Nigeria. … Continue reading Creating a Resilient Financial Strategy for SMEs in Nigeria
The MTN Thryve Google Ads for Nigerian SMEs and Startups: A Review
April 19, 2022
Back in October 2023, MTN Nigeria announced that it was introducing an innovative product specifically targeted at businesses in the country: a Google Ads automation solution, which would make it easier for SMEs and startups to target new markets online. The product is the result of a partnership between MTN Nigeria and Adbot, an ad-tech … Continue reading The MTN Thryve Google Ads for Nigerian SMEs and Startups: A Review
10 Facts About Doing Business in Nigeria in 2023
April 19, 2022
The year 2023 has been quite a roller-coaster for many who do business in Nigeria. They came into it with high hopes and a determination to excel. The months that followed were punctuated with a series of challenges—the naira redesign policy, the scarcity of petrol, a continuous hike in fuel prices, and painful exchange … Continue reading 10 Facts About Doing Business in Nigeria in 2023
Government Regulations: A Guide for Nigerian Small Businesses
April 19, 2022
Small businesses in Nigeria play a pivotal role in driving economic growth and fostering entrepreneurship. However, navigating the complex landscape of government regulations can be a daunting task for entrepreneurs. This guide aims to provide Nigerian small businesses with insights and strategies to effectively navigate government regulations, ensuring compliance and fostering a conducive business … Continue reading Government Regulations: A Guide for Nigerian Small Businesses
Top 5 Gamification Strategies for SMEs in Nigeria
April 19, 2022
In the bustling entrepreneurial landscape of Nigeria, Small and Medium-sized Enterprises (SMEs) are constantly seeking innovative ways to stand out, engage customers, and drive growth. Gamification, the integration of game elements into non-game contexts, is emerging as a powerful strategy to achieve these objectives. In this article, we look at the top five gamification … Continue reading Top 5 Gamification Strategies for SMEs in Nigeria
SMEDAN Launches ₦5 Billion Loan Program for Over 10,000 SMEs
April 19, 2022
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it is partnering with Sterling Bank to disburse ₦5 billion in loans to over 10,000 small and medium-scale businesses in Nigeria. Leading representatives of both institutions were at an event where a Memorandum of Understanding concerning the deal was signed. Read more about Business … Continue reading SMEDAN Launches ₦5 Billion Loan Program for Over 10,000 SMEs
The FCMB SkillPaddy Fund for SMEs in Nigeria
April 19, 2022
FCMB, in collaboration with SkillPaddy, is organizing a program that will set up several small businesses for success in their domains. A key part of this program is the SkillPaddy FCMB Fund for SMEs, which will make ₦1 million available to small-scale enterprises. If you are seeking funding that will enable your business to … Continue reading The FCMB SkillPaddy Fund for SMEs in Nigeria
Connect Nigeria Partners with Global Entrepreneurship Week (GEW)
April 19, 2022
Connect Nigeria is excited to announce its partnership with Global Entrepreneurship Week (GEW), the world’s largest annual celebration of entrepreneurship, every November. Global Entrepreneurship Week (GEW) is a global tribute to creativity, innovation, job—creation, and support for SMEs. Read more about Business As a component of the Global Entrepreneurship Week (GEW), Dr. Ola Anifowose … Continue reading Connect Nigeria Partners with Global Entrepreneurship Week (GEW)
The DHL GoTrade GBSN Fellowship Program 2024
April 19, 2022
DHL is organizing a fellowship program that will link SMEs from the developing world with postgraduate business students. According to the company, it aims to help small businesses benefit from the venture-building knowledge that persons formally trained in business have to share. It also wants such persons to gain practical experience engaging and advising … Continue reading The DHL GoTrade GBSN Fellowship Program 2024
7 Funding Sources for SMEs You Have Probably Never Heard of
April 19, 2022
You may not always have enough money to run your business on a daily or strengthen and expand its operations when you need to. Traditional banks and institutional lenders, though beneficial, might not always be the most accessible or viable option. But did you know that several alternative funding sources can fuel your business’s … Continue reading 7 Funding Sources for SMEs You Have Probably Never Heard of
How To Attract and Retain Customers in the Face of a Devaluation
April 19, 2022
For small business owners, currency devaluation can be a daunting challenge. It impacts the purchasing power of customers and can make it more difficult to both attract new customers and retain existing ones. However, by employing the right strategies, small business owners can not only survive but thrive in the face of currency devaluation. … Continue reading How To Attract and Retain Customers in the Face of a Devaluation
How to Sustain Your Business Growth
April 19, 2022
It is one thing to get your business off to a flying start, but quite another to sustain your business growth over time. Unfortunately, many SMEs and startups fail to achieve the latter. After an initial period in which they show some promise, they eventually flounder and stagnate. This isn’t what you want for … Continue reading How to Sustain Your Business Growth
5 Ways SMEs Can Prepare for Black Friday
April 19, 2022
Black Friday has emerged as a significant retail event worldwide, presenting Small and Medium-sized Enterprises (SMEs) with both tremendous opportunities and challenges. This article highlights key strategies for SMEs to effectively prepare for and capitalize on Black Friday. Read more about Business Strategic Inventory Management In the frenzy of Black Friday online shopping, small … Continue reading 5 Ways SMEs Can Prepare for Black Friday
5 Examples of Strategic Partnerships You Should Look Out For
April 19, 2022
Strategic partnerships have become a pivotal strategy for companies looking to gain a competitive edge in today’s dynamic business landscape. These collaborations bring together the strengths and resources of two or more entities to achieve shared goals, whether it’s expanding market reach, enhancing product offerings, or achieving cost efficiencies. Here are five examples of … Continue reading 5 Examples of Strategic Partnerships You Should Look Out For
Top 5 Insurance Providers for SMEs in Nigeria
April 19, 2022
Businesses must get insured against possible losses. There’s no telling when a natural or man-made disaster, employee or client claim, or some other unexpected occurrence will emerge, exacting significant costs from your enterprise. If you have decent insurance coverage, you’ll almost certainly be able to take care of these kinds of issues without punching … Continue reading Top 5 Insurance Providers for SMEs in Nigeria
