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CBN’s GSI Tightens Noose on Serial Bad Debtors

The Central Bank of Nigeria has begun a policy that seeks to expose serial bad debtors in the Nigerian banking system. The Global Standing Instruction (GSI) commenced on the 1st of August, 2020 is aimed at improving credit repayment; …

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FCMB Connects SMEs With Global Markets

First City Monument Bank (FCMB) has provided a platform for SMEs to expand beyond the shores of the country, by organising a virtual seminar for business operators aiming to connect with globally recognised experts and business entities. The match-making seminars …

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Requirements For CBN Non-Interest Accelerated Agricultural Development Scheme (AADS)

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 …

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How To Access 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 …

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NCC Organises Virtual Hackathon For Tech Hubs, Start-Ups and Innovation Digital SMEs

The Nigerian Communications Commission, the regulator of the telecommunications industry in Nigeria, supports the development of innovative services and Life-changing Solutions leveraging on Information Communications Technologies (ICTs) to promote Indigenous Content Development, economic growth and social advancement in Nigeria. Pursuant …

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First Bank Empowers Female Entrepreneurs With FirstGem

First Bank of Nigeria Limited has created FirstGem, an all-female online community, for the mentoring and support a new generation of financially literate women. FirstGem is a virtual community where like-minded women, in Nigeria and worldwide, gather to connect, grow
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How To Set Up The Payroll System For Your Business

As a Small Business Owner, your job description includes ensuring that the people who work for your business get paid as and when due. You must also ensure that the business only pays for work done or service rendered, that …

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Crowdfunding As Source Of Capital

Crowdfunding is an option for raising money for financing a project or business. It enables the fundraiser to receive money from many people by use of an online platform. Instead of the more common process of getting big amounts of …

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8 Questions Investors Ask Before Funding Start-Ups

Many founders, after preparing their business plans and making several pitches, don’t seem able to move their prospects into pulling out their cheque books to fund their projects. This happens even when the project promoters believe they are ready to …

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9 Ways Businesses Make Money

A business is an organisation or entity engaged in commercial, industrial, or professional activities. Regardless of the products being offered or service delivered, continuous cash-flow is needed to sustain a business. For this reason, the Small Business Owner must understand …

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