Kasope Ladipo-Ajai is the founder of OmoAlata Food Services, a company that processes and packages soups, spices and ‘peppers’ for flavouring local dishes. Launched in 2012, the company supplies 25 retailers in Lagos – including the Spanish supermarket chain Dia – and just signed a contract to supply Spar stores.…
Today, Chike Ukaegbu announced his candidacy for President of Nigeria - a country with over 60% of the population between the ages of 18 and 35. At the age of 35, Chike aspires to become the youngest civilian president of the youthful African nation. Chike said, “greatness is born of…
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…
Financial planning is having a plan for your finances in a manner that protects your cash flow from dissipation and/or loss. What should an investor do in these uncertain times of financial loss and meltdown in asset values? Don’t panic Look at your financial goals. Have they changed? If they…
The British capital is among the several locations that the company is considering moving to. The Beijing based video-sharing social networking firm, TikTok, is currently in discussions with the British government for some months over the relocation of its headquarters to London. According to an available report from Reuters, this is part…
Since access to finance is a key constraint to SME growth, funding it has become paramount. mall and Medium Enterprises (SMEs) play a major role in most economies, particularly in developing countries. According to the World Bank, they represent about 90% of businesses and more than 50% of employment worldwide.…
SMEs are a very important economic catalyst in developing and industrialized countries. In Nigeria where unemployment is a serious issue, the local businesses have a special position in the industrial sector because it has created employment and has been able to utilise labour. The local businesses, otherwise known as SMEs…
The sub-sector is characterised by huge financing gap, which hinders the development of MSMEs. he 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…
