About 392,000 businesses have benefited from the Micro, Small and Medium Enterprises (MSMEs) clinics of the Federal Government as part of strategies of the present administration to make it easier to do business in the country.Read More
The Federal Government said, last week, that it had accepted the proposal to increase the rate of Value Added Tax (VAT) from five per cent to seven point two per cent with effect from 2020. Experts speak on how the hike affects you.Read More
Last January, FIRS chairman Tunde Fowler proudly announced that the organization he heads has broken the all time record in tax revenue collections in Nigeria, taking in a whopping 5.3 trillion naira against the former high of 5.07 trillion in 2012.Read More
Founder of many successful businesses, Seyi Banigbe, is the appropriate definition of a serial entrepreneur. Ever since she obtained a N200,000 credit facility to start a retail business as an undergraduate, she has been creating successful brands. Banigbe speaks on her life, explaining how she got the story of Bland2Glam (a top-notch jewellery brand), Deterge Nigeria Management Company and Nibo & Tac Legal Practitioners, started.Read More
Two days into the Social media week which started in Lagos, Monday appears to be that serious business organisations are taking full advantage of social media to leverage their businesses.Read More
STAKEHOLDERS in the education and business sectors in Lagos State have called on the Federal and State governments to expedite action on the rehabilitation of the Lagos-Badagry expressway to alleviate the plight of commuters.Read More
Microsoft and First Bank of Nigeria Limited have signed a Memorandum of Understanding (MoU) to empower and create enabling environment for Small and Medium Enterprises (SMEs) in Nigeria by providing them business support services such as access to premium content, business networks, capacity building initiatives and innovative offers of banking and technology services
The partnership is also expected to enable SMEs thrive and find more creative ways to solve their business growth challenges.
At the MoU signing ceremony in Lagos, Deputy Managing Director, First Bank, Gbenga Shobo, expressed the bank’s unwavering commitment to the business success of SMEs in the country with its array of products and bespoke solutions, specially designed to help grow and sustain them.
“We are committed to the development of SMEs and ensuring their sustained business growth.” as well as providing the necessary tools to support that growth and Nigeria’s economy at large,” he stated.
In his remark, General Manager, Microsoft Nigeria, Akin Banuso, stated: “Our approach at Microsoft has been one of empowerment and collaboration. Initially, our work with SMEs was strongly focused on bringing them online to boost their productivity and competitiveness. Over the years, as we have worked with and learned from SMEs, our focus has evolved to provide them with a more holistic and game-changing offering, which is: Access to technology, markets, finance, information, skills, and services.”
Banuso recalled that Microsoft’s commitments under the 4Afrika banner are focused on playing an active role in Africa’s economic development. “For SMEs, this means empowering them to digitally transform by using technology to be more productive, competitive and in a position to scale across borders. We can help them do this by providing affordable devices, cloud-based software at pay-as-you-go models, anytime-anywhere access, and relevant training and content on how best to apply technology to their business,” he added.
BUSINESSES and consumers are divided in their outlook for inflation and interest rates in 2018. While consumers expect inflation and interest rates to rise in 2018, businesses, however, expect both rates to fall.Read More
Nigeria’s private sector downturn continued in November, but a renewed rise in new orders provided a welcome boost to business conditions.Read More
GOVERNOR of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has identified the Land Use Act of 1978 as the greatest hindrance to the mortgage industry in the country.Read More