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How Startups Can Manage Their Debts Better With Debt Consolidation Loan

You may not know but it is a fact that debt consolidation loans help the startups to manage the multiple debts in a better way. This concept may seem to you to be pretty simple and incredibly impressive, but rest assured it is very complicated to execute in your debt management endeavor. This article focuses on how startups can manage debts better with debt consolidation loan.   What is a Debt? A debt is a sum of money that is owed or borrowed...

5 Best Banks For Business Account In Nigeria

If you want to open account for your Business Name, Limited Liability Company or Public Corporation in Nigeria but you’re not really sure which bank to choose, below is our list of best banks for business account in Nigeria.  This post highlights the top 5 banks in Nigeria that is most suitable for small scale businesses, established firms and startup entrepreneurs who want to open business accounts. Most of these banks provide multiple SMEs packages that are best for online business in Nigeria, internet...

How to Create Marketing Plan for Your Business

This post outlines the essential steps you need on how to create marketing plan for your business. Due to the current sales declines, slow growths and increasing competitions in today economy, a company must continue to maintain good image relationship with the public and increase its profits through improved sales functions. To achieve this, business has to identify the marketing needs and opportunities in its market segment, keep abreast with relevant information and technologies, develop quality products to satisfy those...

Is DealDey and Gloo Online Stores Shutting Down?

As another leading e-commerce platform in Nigeria will beclosing shop barely a month after DealDey shut down, industry insidershighlight major constraints before the sector with logistics topping the list. As at the time of writing this report, the Deal Day online store (https://www.dealdey.com/) is currently empty with no products currently listed. Gloo will be shutting down next month after seven years of operation, according to its founder, Olumide Olusanya. Olusanyacited the 2016 recession and its impact on Nigeria's economy as one of...

How to Register a Business Name in Nigeria: 4 Step Guide

As a business owner or partner, if you have choose to name your business as anything other than your own personal names, then you’ll need to register it with the appropriate authorities in Nigeria. The post is a step by step guide on how to register a business name in Nigeria with the Corporate Affairs Commission (CAC).  It is required by law that you register your business if you want to do legitimate business in Nigeria. Apart from the requirement...

10 Factors to Consider In Business Loans Application Process

In today economy, getting a small business loan can be so important in growing your new business. However, below are key factors to consider in business loans application. However, a lack of equity usually limits the debt financing available to most startup businesses in Africa and across the globe. Lenders will generally require some equity cushion or security (collateral) before they can lend to small businesses. Additionally, debt financing requires the ability to service the debt through current interest payments. This also makes...

How To Make Money Online In Nigeria

If you are looking for ideas on how to make money online in Nigeria, this post will show you some decent and sure ways you can earn massively online. Here, we are going to discuss several creative way of making money online. So if you are reading this article, you’re one step ahead of achieving success in your online money making quest. Without out wasting mush of your time, below is our step by step guide or better; the list...

10 Problems Facing Ecommerce Business in Nigeria

As digital technology and ecommerce platforms continue to grow rapidly in many countries of the word, here are major challenges or problems facing e-commerce business in Nigeria. A lot of people argue that e-commerce platforms, for example, Jumia and Konga have succeeded and made a lot of money. But despite the popularity of these ecommerce websites, things are not actually working that well with online shopping businesses in Nigeria.  According to TechInAfrica, below is the list of problems facing e-commerce business in...

10 Reasons Why Nigerian Businesses Fail

Why do small businesses fail in Nigeria? This post will bring to the limelight the key reasons why Nigerian businesses fail. Sometimes, a failing business may be in such a way that the entrepreneur founder or the business owners are unaware of this failure happening until it is often too late. Without doubt, most business professionals know that lack of good management system in a firm's structure has many negative ways of affecting the success fortuity of most businesses. Thus, the leading...

Laws And Regulatory Agencies That Govern Foreign Investment In Nigeria

The article contains the principal statutes, business laws and regulatory agencies that govern foreign investment in Nigeria. It features key Nigeria business laws and the investment regulatory agencies you will contact for a specific guide you need regarding stating or investing into a business in Nigeria. Below is a list of 15 laws and regulatory agencies that govern foreign investment in Nigeria.   LAWS AND REGULATORY AGENCIES THAT GOVERN FOREIGN INVESTMENT IN NIGERIA #1.    Companies and Allied Matters Act (Chapter C20), LFN...

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