SMEs Archives - Vanguard News

What SMEs must do before applying for a business loan

On May 10, 201910:05 amIn Newsby adekunleComments

Finding the right business idea is the single most important thing in building a successful business; raising capital is the second most important if you must nurture the idea of growth. While the sources of capital still remain largely the same – as they were in the last 2 decades, certain factors must be considered by entrepreneurs looking to raise capital through loans. Jumia, Nigeria’s number one shopping destination shares a few of the important considerations.

Nigeria’s energy gap disgraceful, households, SMEs get four hours of electricity daily — Shell

On April 26, 20195:46 amIn Newsby Idowu BankoleComments

Managing Director of Shell Nigeria Exploration and Production Company, SNEPCO, yesterday, described Nigeria’s energy gap as disgraceful.

Practical steps to effective tax compliance by SMEs

On April 4, 20194:06 pmIn Business, Newsby Idowu BankoleComments

Tax compliance does not have to be a burdensome process for SMEs if they put appropriate policies and processes in place. The policies and processes will also help ensure that they pay the right business taxes, and adequately manage their tax affairs.

Over 200 SMEs seek space in Edo Production Centre, as govt assures regular electricity supply

On March 13, 201911:33 pmIn Businessby adekunleComments

The Edo State Governor, Mr. Godwin Obaseki, has said that not less than 200 Small and Medium Scale Enterprises (SMEs) in fabrication, furniture making, printing and polythene production have applied to work from the Edo Production Centre, which will soon open for business.

Local content, local troubles: How big firms kill small businesses

On December 24, 20184:14 amIn Business, Metro, Special Reportby Idowu BankoleComments

MOSES, not his real name, is a supplier to two major fabrication and logistics yards in Lagos (names withheld). He said he supplies varied items, ranging from petroleum products to personnel to these companies. However, Moses, who does not want his real name in print, for fear that the companies might blacklist him in the future, is currently broke, does not have a dime in his account and is surviving from the support of his wife and his in-laws, as well as from the goodwill of his friends.

SMEs listing: ASEA identifies cost of listing, corporate governance as obstacle

On December 24, 201812:33 amIn Business, Finance, Newsby Urowayino WaramiComments

THE African Securities Exchanges Association, ASEA’s working group has identified high cost of listing and poor corporate governance as part of the factors hindering Small and Medium Enterprises, SMEs, from listing on African Exchanges.

Ministry to collaborate with ICAN on SMEs

On December 23, 20189:25 pmIn Business, Finance, Newsby TonyComments

Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has welcomed the plans of the Institute of Chartered Accountants of Nigeria (ICAN) to collaborate with the ministry and its agencies on capacity building and support for Small and Medium Enterprises (SMEs).