TEF partners UAE to give $5,000 grant to additional 1,000 African SMEs
The Tony Elumelu Foundation signs a USD$6million partnership agreement with the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation to provide non-refundable $5,000 seed capital, to an additional 1,000 young African entrepreneurs. The signing announced by Mr Tony Elumelu, founder of the Tony Elumelu Foundation will see the total number of […]
How Nigeria’s ₦54.2 Trillion 2025 Budget Boosts SMEs: Funding, Infrastructure & Growth
Nigeria’s 2025 budget has been increased from ₦49.7 trillion to ₦54.2 trillion as reported by Narametrics, reflecting additional revenue from government agencies. This budget expansion presents significant opportunities for Nigerian SMEs, driving economic growth and business sustainability. One of the questions SMEs the powerhouse of Nigeria’s economy are asking is that, how will this ₦54.2 […]
SMEs: How to get customers for free on Google
Whenever I’m starting a new business, one of the things I quickly do is to setup the new business on Google My Business platform. This is a free marketing platform that puts your business in front on Google Search and Google Map free of charge without spending a dime for marketing You run an SME […]
10 Free AI Tools Nigerian Small Business Owners, SMEs Need to Know
Dear Nigerian SMEs and small business owners, do you know AI- Artificial Intelligence is not for the big companies alone. Many free AI tools are available that can enhance your sales, improve your marketing, and streamline your operations. Check out these top 10 free AI tools for your business 1. AI for content writing for […]
Apply for Providus Bank SheThrives Program for Female Entrepreneurs
The Providus Bank in partnership with Enterprise Development Centre-Pan Atlantic University and UN Women has designed a program aim to empower female entrepreneurs by equipping them with the skills, resources, and connections needed to drive business growth and sustainability. The Providus Bank Program SheThrives program focuses on addressing critical areas of business management while offering […]
6 Key financial skills to grow SMEs in Nigeria
As at December 2021, there are at least 39,654,385 micro, small and medium enterprises (MSMEs) running in Nigeria. According to a report, SMEs account for 96% of businesses and 84% of employment contributing 48% to the national GDP of Nigeria The report by Moniepoint further explains that over 50% of SMEs fail in their first year […]
Apply for the Providus Bank SME Program 5th Cohort
Providus Bank SME Program is a designed for for SMEs and business owners to build capacity and provide them with the skills and competencies for the development of long term strategic plans to transform businesses and drive profitability in Nigeria After successful execution of the 4th cohort where many SMEs in Nigeria were beneficiaries, the […]
5 best social media marketing strategies for SMEs
5 best social media marketing strategies for SMEs
POS Business: How to make more profit in POS business
As at March 2024, the number of POS (Point of Sales) operators in Nigeria either as a merchant or individual rose to 2.7 Million, according to Inter-Bank Settlement System (NIBSS) a platform operated by all banks in Nigeria The previous year, the number of POS operators in the Nation was 1.7 Million, this is a […]
Tech tools cost: Free Productivity Tools for SMEs
Tech tools are more expensive right now due to the foreign exchange, look for the best free alternatives or very affordable ones that you can pay in Naira As a business owner that want to grow and scale globally, you can’t run away from tech tools Tech tools will help you make more money and […]