Nigerian entrepreneurship has the potential to stimulate economic growth and generate job opportunities. Over 90% of businesses in Nigeria are in the category of Micro, Small and Medium Enterprises (MSMEs).

In the aftermath of the reforms in the petroleum and foreign exchange sectors of the economy, small business owners have reported significant losses and setbacks in their operations.

Banks increased consumer  loans to N2.45 trillion in February 2023, up by 5.6 per cent from N2.32 trillion in December 2022.

It is no longer news that cost of doing business in Nigeria today is on steady rise given the inflationary pressures that has been in the economy for several consecutive months now. Added to this pressure now is the over 260 percent jerk-up in energy cost last week and many analysts predict that the spill over effect will happen in the next few weeks or even days as rise in transport cost takes immediate effect.

By Cynthia Alo As part of its social investment program, Seplat Energy, a leading indigenous energy company, has stretched its resources towards improving the standard of learning in Nigeria.  The company had, in 2020, debuted their Seplat Teachers Empowerment Programme (STEP), an initiative for enhancing teachers’ competence for effective teaching.  The programme was designed to […]

By David Adonri, Executive Vice Chairman, Highcap Securities Amidst several investment opportunities, investors are often faced with difficulties in identifying the best investment choices. Arriving at a decision is an arduous task, but it can be simplified if from the beginning, the investor has certain investment goals in mind. Goals are tied to the differentiated […]

…as e-banking fees rise Customers of nine leading commercial banks in Nigeria paid N120.18 billion as account maintenance fee in 2022.  This represents a 23 percent year-on-year (YoY) rise when compared with N97.68 billion they paid in 2021.Similarly, fees and commission paid for electronic banking in these banks rose YoY by 8.0 percent to N228.29 billion […]

By Ivor Takor  On July 1, 2014 the Pension Reform Act 2014 or “the Act” was enacted into law commencing from July 1, 2014. The Act, which repealed the Pension Reform Act No 2 of 2004, governs and regulates the administration of the Contributory Pension Scheme in Nigeria. The Act confers on workers certain legal […]

By Emeka Anaeto, Business Editor When the Bank of Industry announced the growth of its asset base beyond the N1 trillion mark, it was a historic achievement among Development Finance Institutions in the country. And with it came high expectations of the bank’s growth trajectory in the years ahead. “For the first time in the […]

In this edition of the Marketing Masterclass, we will explore how SMEs can enhance their marketing by leveraging social commerce. Social Commerce is the use of social media platforms, such as Facebook, Instagram, Pinterest, amongst others, to promote and sell products or services directly to consumers.  It involves integrating e-commerce functionality within the social media […]