President Muhammadu Buhari presented Finance Bill 2019 to the National Assembly, along with the 2019 Budget. The National Assembly has forwarded it to President Buhari for assent. The President has sent the bill to Ministries, Departments and Agencies to double-check its provisions. In line with the ease of doing business reforms, the bill aims to, … Read more
The Central Bank of Nigeria (CBN), in its circular of July 10, 2019, requires banks to maintain a minimum Loan-to-Deposit Ratio (LDR) of 60 percent by the end of September 2019. The directive also requires that, effective from the next day, banks’ daily placements above N2 billion would no longer earn interest. Prior to that, banks earned interest … Read more
The Central Bank of Nigeria (CBN), in pursuit of its objective of promoting economic development, in recognition of the significant contributions that Micro, Small and Medium Enterprises (MSMEs) are making to the growth of the economy, has been launching a growing range of initiatives aimed at addressing the financing gap in this sub-sector. The CBN, … Read more
It is election time. Come 2019, Nigerians will decide, whether to approve the first four years of President Muhammadu Buhari and urge him on, or choose any one of the many contenders who are contesting the position with him. As Small Business Owner, you cannot be an innocent bystander in this contest for the Office … Read more
What support can I get from the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)?
Question: I am a fresh graduate with a Bachelor’s degree in Business Administration, and just completed my National Youth Service Corps (NYSC). I am planning to start a small business. What support can I get from the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)? Olusoji Adebowale Ibadan Answer: The Small and Medium Enterprises Development Agency … Read more
Do you need access to SME loans? Stay tuned There is a growing range of grants, loans and sundry credits nowadays. These are available to individuals and entities in the Small and Medium Enterprises ecosystem. It is also true that in spite of the growing arsenal of venture monies seemingly waiting for the beck and … Read more