Sunday, September 27, 2020
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QUOTE OF THE WEEK

Dream Big, Start Small. But Most Of All, Start Start Small, Grow Big And Start Now!

SURVIVAL FUND: FG OPENS REGISTRATION PORTAL 10 PM, SEPT. 21

As the portal for the registration of prospective beneficiaries of the Survival Fund, the Federal Government’s business support initiative, opens On Monday, interested Nigerians in the Payroll Support scheme are to note that the site will be open from 10 pm Monday September 21, 2020. In order to ensure seamless registration process, the Project Delivery Office (PDO) has...

FG COVID-19 MSME SURVIVAL FUND APPLICATION REGISTRATION GUIDELINE (WWW.SURVIVALFUND.NG) – HOW TO APPLY

The federal government of Nigeria has flag the  MSME Survival Fund (www.survivalfund.ng)  this is to cushion the effect The COVID-19 pandemic whisc has created severe Economic consequences for all countries around the world. Nigeria has also been very badly hit. The lockdowns have frozen economic activities, causing massive job losses and supply chain disruptions. Fund Features Payroll...

DETAILED LIST OF CBN LOANS AND FUND INTERVENTIONS FOR SME BUSINESSES AND AGRICULTURE – PLUS APPLICATION GUIDELINES

The Central Bank of Nigeria (CBN) in its bid to ensure that businesses across all sectors of the country economy sustain their operations aftermath the COVID-19 pandemic, introduced several loan opportunities and fund interventions. See below the detailed list of these CBN Loans and how to access them; AGSMEIS Loan For...

HOW TO APPLY FOR FEDERAL GOVERNMENT’S N75 BILLION MSME SURVIVAL FUND

To support businesses overcome challenges posed by the COVID-19 pandemic, the Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives namely, the MSME Survival Fund with the Payroll support track as the first scheme to rollout (60 Billion Naira) and the Guaranteed Offtake Scheme (15 Billion Naira) to help cushion the impact of the COVID-19 pandemic with...

NIGERIAN YOUTH INVESTMENT FUND (NYIF) TO SUPPORT 500,000 YOUTH ANNUALLY – GIVE LOAN AT 3 PERCENT INTEREST RATE

More detailed has emerged on how the Nigerian Youth Investment Fund (NYIF) will be disbursed. The Loan which targets to Support 500,000 Youth Annually, will be given at an Interest Rate of 3 Percent. Below are Ten Things To Know About The Nigerian Youth Investment Fund (NYIF) 1. The Federal Executive Council on Wednesday...

Google UNVEILS $3M GRANTS SUPPORT FOR 500,000 SMES, 25,000 TEACHERS, JOB SEEKERS AND OTHERS, PARTNERS NIGERIA’S MINISTRY OF YOUTH AND SPORTS DEVELOPMENT

Google has announced plans to help businesses, job seekers, educational institutions and vulnerable populations as they grapple with the “new normal” and begin to rebuild and recover from the impact of the COVID-19 crisis locally and across the continent. The tech company’s initiatives will address the need for funding, training and services across identified sectors, including support for 500,000 SMBs...

NIGERIA IMPACT STARTUP RELIEF FACILITY (NISRF) FOR POST-MVP STAGE HIGH-GROWTH STARTUPS ($5,000 TO $20,000 GRANT)

Nigeria Impact Startup Relief Facility (NISRF) is an emergency facility designed by a consortium of funding partners to disburse grants to a significant number of existing post-MVP stage high-growth startups who create impact so they remain viable during the COVID-19 crisis. NISRF is designed to support grant applicants for a period of 6 months whose businesses/activities are either being adversely affected or modified in...

APPLY FOR THE ENUGU SME BUSINESS SUPPORT LOAN

The Enugu State Government, through its SME Center, is offering collateral-free business loans to SMEs in the state. This SME Business Support Loan is being made available in collaboration with Lidya, a digital bank. The Enugu SME Center was set up to drive enterprise growth and job creation, and spur widespread economic development in the state. It initiates capacity-building projects...

5 THINGS TO NOTE ABOUT CBN N200 BILLION SOCIAL HOUSING LOAN AND HOW TO BENEFIT

The Central Bank of Nigeria (CBN) has announced a financing initiative to support the Federal Government’s Economic Sustainability programme, the plan by the apex bank is to fund the Social Housing programme to the tune of N200bn. Here are some 5 things you need to know about the mortgage loan and how to be a beneficiary. 1....

TOP 10 SMALL BUSINESS IDEAS TO BRING YOU PROFIT IN 2020

As we enter a new decade and feel the need for change and growth awake in us, many entrepreneurial minds around the world are aroused by this question: What are the top 10 small business ideas to kick ass in 2020? These days, it seems like it’s harder to come up with new business ideas than it...

ARE YOU A BUSINESS OWNER? ENSURE YOU REGISTER WITH SMEDAN TODAY TO ENJOY F.G. INTERVENTION FUNDS

Register here: http://smedanregister.ng Hello Friends, if you own a small or medium sized business, please register your business in the link above.  The Federal Government is commencing a Business intervention grant and support scheme nationally and only those registered at the link above will benefit.  Please share to others

5 THINGS TO NOTE ABOUT CBN N200 BILLION SOCIAL HOUSING LOAN AND HOW TO BENEFIT

The Central Bank of Nigeria (CBN) has announced a financing initiative to support the Federal Government’s Economic Sustainability programme, the plan by the apex bank is to fund the Social Housing programme to the tune of N200bn. Here are some 5 things you need to know about the mortgage loan and how to be a beneficiary. 1....

N75BN MSME SCHEMES’ REGISTRATION BEGINS MONDAY -FG

The registration portal for the N75 billion Micro, Small and Medium Enterprises Survival Fund and Guaranteed Off-take schemes of the Federal Government will be opened on Monday, the Minister of State for Industry, Trade and Investment, Mariam Katagum, has announced. According to her, the project, which would run for an initial period of three months, would be opened...

TO BE SUCCESSFUL, YOU HAVE TO HAVE YOUR HEART IN YOUR BUSINESS, AND YOUR BUSINESS IN YOUR HEART

To Be Successful, You Have To Have Your Heart In Your Business, And Your Business In Your Heart

QUOTE OF THE WEEK

Every Bad Situation Has Something Positive Even A Dead Clock Shows Correct Time Twice A Day Start Small, GROW BIG ….. And ……..Start Now!

ARE YOU ARE YOU A BUSINESS OWNER? REGISTER YOUR BUSINESS WITH SMEDAN AND HAVE ACCESS TO VARIOUS INTERVENTION/ SUPPORT PROGRAMMES INCLUDING FUNDING

Register your business with SMEDAN and have access to various intervention/ support programmes including funding The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the mass registration of the Micro, Small & Medium Enterprises (MSMEs) in Nigeria.  The mass registration exercise will facilitate the development of comprehensive data base for MSMEs in...

32 AGRIBUSINESS YOU CAN LEARN FOR FREE. DOWNLOAD ANY OF THE COMPLETE BOOK ON THE AGRIBUSINESS OF YOUR CHOICE AND START YOUR OWN AGRIBUSINESS TODAY

This is a very resourceful agribusiness package: It contains about 32 agribusiness you can learn for free  I am sure it will be of great benefits to farmers and would-be farmers. Free Agriculture e-books converging a range of topics from design to development and everything in between for downloading: Click...

NIGERIA IMPACT STARTUP RELIEF FACILITY (NISRF) FOR POST-MVP STAGE HIGH-GROWTH STARTUPS ($5,000 TO $20,000 GRANT)

Nigeria Impact Startup Relief Facility (NISRF) is an emergency facility designed by a consortium of funding partners to disburse grants to a significant number of existing post-MVP stage high-growth startups who create impact so they remain viable during the COVID-19 crisis. NISRF is designed to support grant applicants for a period of 6 months whose businesses/activities are either being adversely affected or modified in...

ALIBABA JUMPSTARTER GLOBAL PITCH COMPETITION 2021 FOR STARTUPS & ENTREPRENEURS WORLDWIDE ($1M IN INVESTMENT)

JUMPSTARTER is a not-for-profit initiative curated by Alibaba Entrepreneurs Fund that provides a platform for all entrepreneurs and young people to jump start their dreams in Hong Kong. It is also a first-of-its-kind startup event focused exclusively on showcasing quality startups and providing high-impact networking opportunities. Startups come to the JUMPSTARTER platform to pitch their business ideas, network ...

APPLY FOR THE ENUGU SME BUSINESS SUPPORT LOAN

The Enugu State Government, through its SME Center, is offering collateral-free business loans to SMEs in the state. This SME Business Support Loan is being made available in collaboration with Lidya, a digital bank. The Enugu SME Center was set up to drive enterprise growth and job creation, and spur widespread economic development in the state. It initiates capacity-building projects...

CALL FOR APPLICATION: PROVIDUS BANK SME CHALLENGE 2020

The SME Challenge is an initiative of EDC and ProvidusBank which aims at equipping small and medium enterprises (SMEs) with skills and competencies that the SMEs require to be able to run their businesses profitably, defend sound and viable business proposals, efficient funds utilization, trade, access to markets and prepare the SMEs to access funding. Through this program, we will enhance the...

10 WAYS TO SAVE AND MAKE MORE INVESTMENTS

“Saving” and “investment” are two recurring words in the financial sector and in the lives of average persons. They are both essential practices in life, as they are considered the best ways to prepare for unforeseen circumstances. Dealing with money, without saving or investing could lead to monetary issues like bankruptcy. We recognize the importance...

CALL FOR APPLICATION – INNOVATING EDUCATION IN AFRICA – EXPO 2020

The advent of COVID-19 has exacerbated challenges in Africa’s education system and reinforces the need for fit for context, innovative and scalable solutions in education. DOTSS provides an approach for reorienting Africa’s education and training systems to meet the knowledge, competencies, skills, innovation and creativity required to nurture African core values and promote sustainable development at the national, sub-regional and continental levels as...

12 DIFFERENT WAYS TO FUND YOUR NEW BUSINESS

As an entrepreneur, you face many challenges. But, none are as big as finding money to start your new business. From renting office or production space to buying goods and hiring staff, everything you need to do to turn your idea into a viable business requires money. Unless you’re independently wealthy or were left a...

WHAT TO DO WHEN YOUR EXPENSES ARE MORE THAN YOUR INCOME

Today makes it three days since payday and if you are like most people, you know the same pattern concerning your finances is going to repeat itself again this month. In just a couple of weeks (or even days perhaps), you will have less in the bank than you need to get you to the end of the month. The general...

9 EASY STEPS TO NEGOTIATE OUT OF A BAD LOAN

Anything more than that sets you on the path of financial crisis as the risk of default is mostly higher. But how then does one get out of financial crisis related to the burden of loans? I will attempt to give tips. #LOANTIPS #DEBTS Every now and then I meet people howling about their debt burden and how...

10 BUSINESSES STUDENTS DO ON CAMPUS

People think that students naturally feel the need to make more money while on campus. They never consider the fact that at times, their parents may be facing financial difficulties, some may be struggling to make ends meet, while some may need money to do certain things. Regardless, campus life is more fun and productive when students do different things to make...

5 MONEY MISTAKES YOU MIGHT BE MAKING IN 2020

There are various money mistakes people make that constitute a major barrier in becoming financially successful before retirement comes knocking. The road to financial freedom is not for the faint of heart. You need to make smart decisions if you want to achieve your goals in the long run. Today, we’ll be looking at...

HOW TO START A BUSINESS IN 15 STEPS: A GUIDE, CHECKLIST AND CANVAS

You’re ready to take the leap and start a business. Congratulations! Making that decision might feel risky, but it’s a good thing. According to a recent study by Oxford Economics, 74% of small and medium business owners are willing to take big risks to ensure success. “Fortune,” as the saying goes, “favors the bold.” Still,...

FG TARGETS 22 NON-OIL COMMODITIES FOR EXPORT PROMOTION

Recently, the Nigeria Export Promotion Council (NEPC) disclosed that the FG has identified about 22 non-oil strategic products that will be exported to diversify the nation’s foreign exchange earnings away from oil. According to the Executive Director, NEPC, Olusegun Awolowo, this initiative is part of the zero-oil plan currently being implemented by the Nigeria Export Promotion Council (NEPC), in collaboration with the...

DO IT NOW…SOMETIMES, LATER BECOMES NEVER

Do It Now…Sometimes, Later Becomes Never Start Small, GROW BIG  and …………………….Start Now!

QUOTE OF THE WEEK – TO BE SUCCESSFUL, YOU HAVE TO HAVE YOUR HEART IN YOUR BUSINESS, AND YOUR BUSINESS IN YOUR HEART

To Be Successful, You Have To Have Your Heart In Your Business, And Your Business In Your Heart. Start Small, GROW BIG ……. And Start Now!

CBN ISSUES NON-INTEREST GUIDELINES FOR ITS INTERVENTION SCHEMES

The Accelerated Agricultural Development Scheme (AADS).... http://ow.ly/o3hl50AycQI Operations of the Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) for Non-Interest Financial Institutions ...(NIFIs)....http://ow.ly/FU4u50AycQF Anchor Borrowers’ Programme....http://ow.ly/W48w50Aycr8 Creative Industry Financing Initiative....http://ow.ly/KlM050Aycr9 Non-Oil Export Stimulation Facility (ESF)....http://ow.ly/VISs50AycQJ Real Sector Support Facility (RSSF).....http://ow.ly/Whiv50AycQG

BANK OF INDUSTRY ( BOI ) RELEASES PRE- QUALIFICATION REQUIREMENTS FOR LOAN

The Bank of Industry ( BOI ) has released pre- qualification requirements for her so much publicised zero percent interest loan for interested Nigerians who have passion for entrepreneurship. You recall that Nigerian Senate has approved collection of zero percent Bank of Industry loan for people with business ideas aged 18 to 40 years. The Bank of Industry...

DETAILED GUIDE ON HOW TO ACCESS CBN AGSMEIS LOAN FOR SME’S AND AGRICULTURAL BUSINESSES WITHOUT COLLATERAL

The Central Bank of Nigeria (CBN) and the Bankers’ Committee, created the Agri-Business/Small and Medium Enterprise Investment Scheme AGSMEIS Loan, as an initiative to support the Federal Government’s efforts in the promotion of agricultural businesses and small/medium enterprises (SMEs) in the country, you can apply for the Loan with collateral for the AGSMEIS loan is been disbursed by NIRSAL Microfinance Bank and other Banks

HOW TO ACCESS CBN LOAN FOR THE CREATIVE INDUSTRY FINANCING INITIATIVE (CREATIVE INDUSTRY LOAN)

In 2019, the Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee developed a Creative Industry Financing Initiative (CIFI), also known as Creative Industry loan to boost job creation in Nigeria, especially among young people, who are the most active in the creative industry. The aim according to CBN, is to improve access to long-term low-cost...

DETAILED GUIDE ON ACCESSING CBN ANCHOR BORROWERS PROGRAMME (ABP) INTERVENTION FOR AGRICULTURE

The Anchor Borrowers Programme (ABP), is an initiative of the Central Bank of Nigeria (CBN) for the agricultural sector, it is in line with its developmental function of the apex bank. BENEFICIARIES The loan shall be targeted at smallholder farmers engaged in the production of identified commodities across the country. The Farmers should be in groups/cooperative(s) of between...

DETAILED CBN GUIDELINES ON HOW TO ACCESS HEALTHCARE RESEARCH AND DEVELOPMENT GRANTS

The Central Bank of Nigeria (CBN) has released the guidelines for interested candidates to access funds under the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) grant. The Healthcare Research And Development Grant, according to CBN, aims to strengthen the public healthcare system with innovative financing of research and development (R&D) in new and improved drugs, vaccines and...

HOW TO ACCESS NEW N75 BILLION NIGERIAN YOUTH INVESTMENT FUND

When the Federal Government approved the establishment of the N75 billion Nigerian Youth Investment Fund (NYIF), hundreds of thousands young Nigerians were excited about the innovation. They believe it could reduce the increasing unemployment rate, which has been worsened by the COVID-19 pandemic, in the country. However, most of them are ignorant of how to access the investment fund...

HOW TO APPLY FOR BANK OF INDUSTRY (BOI) LOAN – WHAT YOU NEED TO KNOW

The Bank of Industry (BOI) was established by the Federal Government of Nigeria with the mandate of providing financial assistance (Loan) for the establishment of large, medium and small projects as well as the expansion, diversification and modernisation of existing enterprises; and rehabilitation of existing ones in the country. 1. Scope The Bank of Industry targets businesses that...

LIST OF BUSINESS(ES) ELIGIBLE FOR BANK OF INDUSTRY LOAN

The Bank of Industry (BOI) was established by the Federal Government of Nigeria with the mandate of providing financial assistance (Loan) for the establishment of large, medium and small projects. However, the bank has created the list of businesses/product cluster that can apply for a loan with the Bank, see below if your business(es) is qualified 1. Adire...

CALL FOR APPLICATION: PROVIDUS BANK SME CHALLENGE 2020

The SME Challenge is an initiative of EDC and ProvidusBank which aims at equipping small and medium enterprises (SMEs) with skills and competencies that the SMEs require to be able to run their businesses profitably, defend sound and viable business proposals, efficient funds utilization, trade, access to markets and prepare the SMEs to access funding. Through this program, we will enhance the...

5 WAYS TO RAISE FUNDING FOR YOUR BUSINESS

One of the biggest challenges that entrepreneurs face is finding the necessary funds to grow their businesses. Startups have to deal with various costs, while ongoing businesses have to finance growth and working capital. As money does not grow on trees, there are a number of ways to fund your business. We will love to see your business...

VIRTUAL TRAINING ON HOW TO BUILD A DIGITALLY ENABLED AND RESILIENT STARTUP DURING A CRISIS

Are you an ogun based startup? Apply for a free 6-week virtual training on how to build a digitally enabled and resilient startup during a crisis

FG RELEASES NEW DETAILS ON MSMES SUPPORT SCHEME, BUDGETS N200 BILLION FOR LOANS

The Federal Government has released new details on the Micro Small and Medium Enterprises (MSMEs) support scheme being rolled out under the National Economic Sustainability Programme. According to estimates provided, the sum of N50 billion will be used to provide payroll support, N200 billion for loans to artisans, and N10 billion support to private transport companies and workers

VERIFY YOUR EXPORTER STATUS ONLINE

Did you know that you could verify your exporter status online? A simple search using  your company name or exporter number would reveal if your exporters' certificate is still valid or expired ? Visit www.nepc.gov.ng or nearest export assistance office for more information.

DO YOUR CREDIT CHECK WITH CRC CREDIT BUREAU FOR FREE ONCE A YEAR AND GET YOUR CREDIT REPORT WITHIN 48 HOURS

CRC Self Enquiry is a report of a person's credit activities across all sectors of the economy. It shows a history of loans the person has taken; be it cash loans, auto-loans, or other forms of post-paid services. Checking your credit report is the first major step in taking control of your financial situation. With detailed information about...

LAGOS INNOVATES TALENT DEVELOPMENT PROGRAM 2020 FOR YOUNG ENTREPRENEURS

Lagos Innovates acknowledges that creating investor-ready startups is vital to the overall growth of the ecosystem. To help increase investability and ultimately survival rates of Lagos-based startups, Lagos Innovates in partnership with Honeywell Group is supporting capacity development by facilitating access to IDE- or tech-focused entrepreneurship content and programming.  The Talent Development Programme funds up to 80% of the cost of program attendance...

SMES CAN NOW ACCESS ACCESS BANK LOANS FROM HOME

Cashflow Loans by Access provides an online platform accessible to Small and Medium Enterprise. Access Bank Plc has launched Cashflow Loans by Access, a digital lending portal which allows business owners to access loans to grow and expand their business from the comfort of their homes, while staying safe.   Cashflow Loans by Access provides an online platform accessible to Small and Medium Enterprise so that they can apply, process and receive their...

WEMA BANK LAUNCHES COLLATERAL-FREE LOANS FOR SMEs

Wema Bank has launched collateral-free SMEs’ loans to assist businesses negatively affected by the coronavirus pandemic. In a statement, the bank said the product is in line with the bank in its quest to support the fight against the global health crisis. The SME loan products support businesses in need of working capital finance...

ATTEND THE FUNDING SPACE 2020 “INVESTING IN THE NEW NORMAL.” A CALL FOR IMPACT INVESTING IN AFRICA

The Funding Space 2020 "Investing in the New Normal." A Call for Impact Investing in Africa Date and Time Fri, September 4, 2020 10:00 AM – 5:00 PM WAT/ Attendance – Free To Register, Click - https://www.eventbrite.com/e/funding-space-2020-registration-tickets-113368448080 About...

JOIN BY ZOOM, CRAWFORD UNVERSITY PUBLIC LECTURE – LEADERSHIP, ENTREPRENEURSHIP AND INSTITUTIONAL LEGACY

THEME: Leadership, Entrepreneurship And Institutional Legacy Venue – Virtual   ZOOM MEETING ID – 880 9735 8768    PASSWORD – 522058 DATE: Tuesday August 25, 2020 TIME - 1am

TIP OF THE WEEK – 7 VITAL LESSONS EVERY ENTREPRENEUR MUST LEARN

Being an entrepreneur isn’t a rosy journey. It is a path of discovery, where you are continually evolving to be better and successful. Every entrepreneur is different, thus making this experience unique. However, some vital lessons have stayed – tips that renowned entrepreneurs have applied, and it worked. When I began this journey, I had the wrong mindset,...

HOW THE NEWLY AMENDED CAMA AFFECTS YOUR BUSINESS

Some of the provisions of the amended bill and how it will affect businesses are explained below. The Companies and Allied Matters Act, 2020 (“the Act”), repeals and replaces the extant Companies and Allied Matters Act of 1990. The new CAMA, now seen as Nigeria’s most significant business legislation in three decades, introduces new provisions that promote the ease...

15 NEW PROVISIONS IN THE COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020 THAT PROMOTE EASE OF DOING BUSINESS (DOWNLOAD PDF)

As President Muhammadu Buhari signed the amendment of the new Companies and Allied Matters Act (CAMA) 2020 into law, policy makers and business analysts have described some new provisions in the act as a welcome development. Many believe the reform will tone down regulatory hurdles and ease the business environment to stimulate growth, claiming business in the country...

FIVE BUSINESS OPPORTUNITIES IN AFRICA’S AGRIBUSINESS AND FOOD SECTOR

1. Industrialization  of cassava one of Africa’s biggest opportunities Cassava, a root crop which looks like a large sweet potato, is one of the most widely grown agricultural commodities in Africa. It is also one of the continent’s least industrialised crops. Cassava roots can be processed into a variety of products, including cassava flour, starch, ethanol and glucose...

WE ONLY HAVE SIXTEEN (16) MEMBERS WHO BENEFITED FROM CBN COVID-19 LOAN – NASME

President of National Association of Small and Medium Enterprises (NASME), Prince Degun Agboade, has said many MSMEs are going into oblivion, claiming that only sixteen members of the association benefitted from CBN N50 billion Targeted Credit Facility for households and SMEs COVID-19 Loan. Prince Agboade was reacting to the survey report by Fate Foundation and BudgIT, which stated that...

YOU HAVE SLEPT ENOUGH – GET UP AND CHASE YOUR DREAMS … NOW!

You Have Slept Enough – Get Up And Chase Your Dreams … Now!

BE PART OF AN INTERNATIONAL WEB CONFERENCE ON – ACCESS TO INTERNATIONAL CAPITAL AND FUNDING SOLUTIONS FOR NIGERIAN BUSINESSES

Organizers: Jersey Finance Incorporation in collaboration with Common Wealth Enterprise and Investment Council, present an INTERNATION WEB CONFERENCE Theme: Access To International Capital And Funding Solutions For Nigerian Businesses Date: Tuesday 28th July, 2020 Time: 1pm (WAT) Venue: Zoom Video Conferencing Enquiries: 08090694844, 0802379294

QUOTE OF THE WEEK – A SATISFIED CUSTOMER IS THE BEST BUSINESS STRATEGY OF ALL

A Satisfied Customer Is The Best Business Strategy Of All Do Your Utmost To Satisfy Your Customers …. And You Will Be Marveled By The Number Of Referrals And Sales That We Follow Thereafter!

GUIDELINES FOR CBN 10 NON INTEREST NEWLY RELEASED INTERVENTION FUND

To those that don't want interest loan,  CBN has finally come out with the window of accessing non-interest facilities. This is an opportunity for us to prepare for real business. Follow the guidelines to enjoy different window of intervention...  #CBN issues Non-Interest Guidelines for The Accelerated Agricultural Development Scheme (AADS).... https://t.co/xDJLTaA5CB

DETAILED REQUIREMENT ON HOW TO ACCESS CBN NON-INTEREST ACCELERATED AGRICULTURAL DEVELOPMENT SCHEME (AADS LOAN)

In furtherance of its pivotal role in providing funding to assist the critical sector of the Nigerian economy, the Central Bank of Nigeria (CBN) has introduced a Non-Interest Accelerated Agricultural Development Scheme (AADS Loan) for the youths. The objective of the Accelerated Agricultural Development Scheme (AADS) scheme according to CBN, is to engage a minimum of 370,000 youths...

HOW TO APPLY FOR BANK OF INDUSTRY (BOI) LOAN – WHAT YOU NEED TO KNOW

The Bank of Industry (BOI) was established by the Federal Government of Nigeria with the mandate of providing financial assistance (Loan) for the establishment of large, medium and small projects as well as the expansion, diversification and modernisation of existing enterprises; and rehabilitation of existing ones in the country. 1. Scope The Bank of Industry targets businesses that engage in...

FEC APPROVES N75BN FOR 68M YOUTHS TO FUND BUSINESS IDEAS

The Federal Executive Council (FEC) wednesay approved N75 billion for the establishment of Nigerian Youth Investment Fund, to be otherwise known as the Youth Bank. Briefing reporters at the end of a virtual meeting of FEC, presided over by President Muhammadu Buhari at the State House, Abuja, the Minister of Youth and Sports, Mr. Sunday Dare, said the...

BASIC GUIDELINES ON HOW TO ACCESS CBN MSMEDF LOAN – MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT FUND

After identifying the huge financing gap which hinders the development of MSMEs, the Central Bank of Nigeria (CBN) as part of its developmental role and mandate of promoting a sound financial system launched the Micro, Small and Medium Enterprises Development Fund – CBN MSMEDF Loan. The objective of the Fund according to CBN is to channel...

BE PART OF THE CHINA 2020 AUTO PARTS AND AGRICULTURAL MACHINERY ONLINE BUSINESS BUYER-SELLER MEETING

Be Part Of  The China 2020 Auto Parts And Agricultural Machinery Online Business Buyer-Seller Meeting Date: Tuesday, 28th Juy, 2020 Time: 9.30am – 11am Venue: Zoom To Register, contact – 08034105720, 08025685088 or temitope@lagoschamber.com , funmi@lagoschamber.com

CBN UNVEILS NON-INTEREST GUIDELINES FOR SMES, TEXTILE INTERVENTION, OTHERS

The Central Bank of Nigeria, CBN, has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme, AGSMEIS and Micro, Small and Medium Enterprises Development Fund, MSMEDF. The CBN made this known in its latest guidelines released on its website on Tuesday. It said the 10 guidelines also included the Accelerated...

PARTICIPATE IN THE FREE WEBINAR | DOING BUSINESS IN AFRICA: OPPORTUNITIES FOR THE DIASPORA

USAfrica hub is excited to announce the July event kick off spotlight discussion series with countries in Africa on trade and investment opportunities for the diaspora community looking to doing business in Africa. Join us on Friday, 31st July 2020 by 12PM EST (5 PM WAT).  July Country of Spotlight: *Nigeria* *Why Nigeria?*

ARE YOU A MANUFACTURER? ATTEND AFRICA CONTINENTAL FREE TRADE AREA (AFCFTA) ZOOM SEMINAR FOR FREE

Theme: AFCFTA Rule of Origin: Implication For Growth of The Manufacturing Sector Date: Wednesday, 29th, 2020 Time: 11am to 1pm Organizer: Manufacturers Association of Nigeria (MAN) To register, visit: www.manufacturersnigeria.org?Webinar?WID=2

ARE YOU A WOMAN AGROPRENEURS? ATTEND THIS SHEA ONLINE SEMINAR – A THREE MONTHS E-LEARNING FOR SHEA BEAUTY BUSINESSES

She Trades Commonwealth has started rolling out trainings in the Shea Sector so please take advantage of this opportunity. Registration for the first training programme ends on the 31st of July. New businesses are welcome to join through this link: https://www.shetrades.online/survey/view.php?id=14266

TIP OF THE WEEK – WHY SMALL BUSINESSES FAIL: TOP 8 REASONS FOR STARTUP FAILURE

Why do small businesses fail? Business failure isn't something you want to think about when you start a business. But  if you want your business to succeed, you need to know and avoid these 8 common reasons why businesses fail. According to statistics published in 2019 by the Small Business Administration (SBA), about twenty percent of business startups fail in the first...

GET TO KNOW STAMP DUTIES TO BE DEMANDED BY FIRS

A BRIEF ON STAMP DUTIES AT THE INAUGURATION OF THE INTER-MINISTERIAL COMMITTEE ON THE AUDIT & RECOVERY OF STAMP DUTIES AND LAUNCH OF FIRS ADHESIVE STAMP Mr. Muhammad Nami, Executive Chairman Federal Inland Revenue Service JUNE, 2020 His Excellency, the President of the Federal Republic of Nigeria, ably represented by the Secretary to the Government of the Federation His Excellency, the President...

HOW TO ACCESS NEW CBN’S NON-OIL EXPORT FUND

The Central Bank of Nigeria (CBN) has issued a guideline to access its Non-Oil Export Stimulation Facility (NESF). The fund was introduced to diversify the revenue base of the economy and to expedite the growth and development of the nation’s non-oil export sector. This was disclosed in a document published on the apex bank’s website. The facility, according to the...

FREE TRAINING – DO YOU WISH TO LEARN NEW SKILL FOR FREE? PARTICIPATE IN THE ITF-NECA TECHNICAL SKILL DEVELOPMENT PROJECT (TSDP)

Qualification: Applicants should be of ages 18 and 30 years and must have a minimum of SSCE/NECO/GCE pass. Programme: * Garment Making  * Business of Fashion Mode of Application:  Interested candidates should register with the  link on this flier The program is tuition free.

HOW TO GET CREATIVE SECTOR LOAN FROM THE CBN, BANKERS COMMITTEE

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee, has outlined how to get the creative sector loans. Both parties developed a Creative Industry Financing Initiative (CIFI) as part of efforts to boost job creation in Nigeria, particularly among youths in the country. The initiative has four pillars which include Fashion, Information Technology, Movie and Music.

CBN GIVES BANKS APPROVAL TO DEBIT BANK ACCOUNTS OF CHRONIC LOAN DEFAULTERS STARTING AUGUST 1

The Central Bank of Nigeria (CBN) has issued guidelines aimed at reducing non-performing loans in the banking sector and to monitor chronic loan defaulters. This was disclosed in a circular the apex bank issued to all banks and other financial institutions tagged ‘Operational Guidelines on global standing instruction – Individuals.’ The Guidelines are expected to take off from August 1,...

CBN RESERVES 60% OF N220 BILLION MSMES FUND FOR WOMEN

The Central Bank of Nigeria (CBN) said it reserves 60% of its N220 billion Micro, Small and Medium Enterprises Development Fund for women entrepreneurs. The apex bank added that 2% of the wholesale component of the fund would be given to economically active persons that are living with disabilities, as 10% is meant for start-up businesses.

REPS PROBE CBN OVER COVID-19 LOANS

The House of Representatives has resolved to investigate the Central Bank of Nigeria over the difficulties Nigerians face in accessing its special intervention loans, especially that created for Small and Medium-Scale Enterprises to cushion the effect of COVID-19. A member of the House, Ahmadu Jaha, at the plenary on Tuesday, had moved a motion titled, ‘Need to Investigate the Activities...

MAN, LCCI DECRY INACCESSIBLE N50BN COVID-19 LOAN

Many Micro, Small and Medium Enterprises who are members of the organised private sector have decried their inability to access the loan offered by the Central Bank of Nigeria for MSMEs and household impacted by the coronavirus pandemic. It was gathered that many who applied for the loan through NISRAL’s online platform did not get an acknowledgement of...

FG ROLLS OUT N2.3 TRILLION SURVIVAL FUNDS FOR MSMES; SEE CRITERIA

The Federal Government has announced plans to roll out a N2.3 trillion stimulus package and survival fund for Micro Small and Medium Enterprises (MSMEs) to stay afloat amid the economic challenges imposed by the pandemic. The survival fund includes payroll support for three months, and guaranteed off-take scheme among others, all under the National Economic Sustainability Plan (NESP). NAN reports that the Vice President Yemi Osinbajo, who also heads the Economic Sustainability Committee,  disclosed this at the 2020...

CBN RELEASES NEW GUIDELINES ON BAD LOANS TO BANKS

The Central Bank of Nigeria (CBN) has released the operational guidelines on commencement of Global Standing Instruction (GSI) that mandates creditor banks to deduct bad loans from bank balances of defaulters in any bank in the country. The apex bank in a circular signed by Kevin N. Amugo, Director, Financial Policy and Regulation Department to deposit money banks (DMBs) and other...

NEVER QUIT!

Losers Quit When They Fail. Winners Fail Until They Succeed Start Small, Grow Big And Start Now!

QUOTE OF THE WEEK

You Will Never Make It To The Top Unless You Start To Climb! Start Small, GROW BIG………And…………. Start Now!

JOIN THE DEVELOPMENT BANK OF NIGERIA FREE WEBINAR TITLED ‘RISK SHARING: A KEY DRIVER FOR INCREASED FINANCIAL ACCESS AND ECONOMIC DEVELOPMENT FOR MSMEs.’

The Current realities in Nigeria have highlighted the urgent need for additional support in alleviating the financial constraints faced by MSMEs. Now more than ever, key industry stakeholders, MSMEs, Banks, and Regulators need to openly discuss alternative means of financing and the existence of risk-sharing. To this end, The Development Bank of Nigeria...

A UKAID EVENT – ARE YOU INTO EXPORT BUSINESS? BE PART OF THE NON-OIL EXPORTERS’ DIALOGUE

Date: July 9th, 2020 Time: 11am – 1pm Registration – bit.ly/attendeeslink Password: pdfbridge123

ACCESS UP TO N10 MILLION FROM THE AGSMEIS LOAN

As part of Federal Government’s efforts in the promotion of agricultural businesses and SMEs in the country, Central Bank of Nigeria (CBN) and the Bankers’ Committee , created Agri-Business/Small and Medium Enterprise Investment Scheme AGSMEIS Loan .Interested Nigerians engaged in Agriculture or other SME businesses can access up to N10 Million from the AGSMEIS Loan, at a single-digit interest rate of 9%...

PARTICIPATE IN THE AFRICA INTEGRATED DAY – ROLE OF ECONOMIC ZONE IN SUPPORTING AFRICA TRADE AND BUSINESS INTEGRATION

Be part of the African Union – Africa Integration Day Date: July 8th, 2020 Time: 3pm Theme: Role Of Economic Zone In Supporting Africa Trade And Business Integration AEZO Panel Discussion is rescheduled for *July 8, 2020 at 3 PM (GMT)* . For those who have...

BE PART OF 2ND EPHRAIM ARBITRATION DAY – DUE PROCESS PARANOIA IN NIGERIA ARBITRATION PRACTICE

Theme: Due Process Paranoia In Nigeria Arbitration Practice Date: 24th July, 2020 Time: 4pm – 6pm Venue: ZOOM Registration Link – https://zoom.us/tjYqOqqzgpGNEQMKt2pbMnyCoNiBYcG5pe Enquiry – 07036976382 or 081136942293
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QUOTE OF THE WEEK

Dream Big, Start Small. But Most Of All, Start Start Small, Grow Big And Start Now!

SURVIVAL FUND: FG OPENS REGISTRATION PORTAL 10 PM, SEPT. 21

As the portal for the registration of prospective beneficiaries of the Survival Fund, the Federal Government’s business support initiative, opens On Monday, interested Nigerians...

FG COVID-19 MSME SURVIVAL FUND APPLICATION REGISTRATION GUIDELINE (WWW.SURVIVALFUND.NG) – HOW TO APPLY

The federal government of Nigeria has flag the  MSME Survival Fund (www.survivalfund.ng)  this is to cushion the effect The COVID-19 pandemic whisc has created...