Business Financing

Evert business need positive cash flow management, daily accounting records and good accounting decisions to survived. If you are looking for ideas on how to raise money for your business or the best ways to finance your startup business in Nigeria, then get every information you need here on Abbakin about how to Business Financing and Accounting Management.

How to Develop a Winning Business Plan in 5 Easy Steps

This post outlines how to develop a winning business plan in 5 easy steps. The best way to start a business is to set out your ideas in a proper business plan, with costs and returns on investments well analyzed. It includes free access to our Sample Business Plans, Worksheets, Startups Business Tools and other Resources to help you create a wining business plan that your potential investors or partners would get excited about and willing to invest in.   First, What...

POS Cash Withdrawal and Transfer: How It Works

POS Cash Withdrawal process means how you withdraw cash from your bank account via a Point of Sale (POS) terminal using your debit or credit cards — usually at a store or agent location. Here are Steps on How to Carryout POS Cash Withdrawal: Go to a POS terminal location (e.g., a merchant or agent with a POS device). Insert or swipe your debit card into the POS machine. Select the option for ‘Withdrawal’ on the POS menu. Enter the...

Business Structures and Compliance: A Practical Guide

Understanding business organizational structure will indeed help your company grows in the right direction. Of course, a successful business will startup with a well thought out business structure that will be useful in the future. Understanding business structures and compliance is essential for entrepreneurs, business owners, and executives who want to build legally sound and scalable enterprises. This post emphasizes why structure and compliance are foundational to business success. It outlines how a proper organizational framework clarifies ownership, defines legal...

How to Maximize Your Crowdfunding Campaign

Almost each and every startup is going to consider crowdfunding at one point in time or the other in their journey as a way of securing their business finances. There is a chance that you are burning out rapidly even with the assistance of the bank loans, your personal savings, and also, the money donated by your friends and family, and you will be ready to face what the crowd is going to think about your product by implementing...

12 Best Crowdfunding Websites in Nigeria: How to Raise Money

If you’ve got a brilliant business idea but lack the financial power to support your vision right, here are is our list of best crowdfunding websites in Nigeria that can help you raise money for your business, or other purposes such as medial treatment, education, legal aid, charity giving or course. Have you reached out to friends and families, only to discovered they lost their houses and jobs during last year’s flooding incidence, or during the national protest? Have your...

15 Online Payment Gateways in Nigeria and Africa for eCommerce

This post highlights some of the top online payment gateways for eCommerce businesses in Nigeria and Africa, along with their benefits, features, and why they are essential for businesses to consider. In the evolving eCommerce landscape, having a reliable payment gateway is critical to ensuring smooth and secure business transactions. The success of your eCommerce business depends largely on how well you handles payments—by making it ease for customers to complete purchases on your store. A payment gateway is a...

How to Register a Company in Nigeria: 5 Step Guide

You are looking for detailed information on how to register a company in Nigeria right? New business owners and startup entrepreneurs are also asking the different between business name registration and limited liability company. Many business owners usually find themselves fixed when it comes to decisions about the business registration processes and how they can get started. They are not just sure which type of business structure would work best for their businesses. Starting a company in Nigeria is a...

Nigerian Banks That Will Give You Business Loan

So you're thinking about how to get a business loan in Nigeria without collateral? In this article, you are going to find out the 5 Nigerian Banks that will give you business loan without collateral. Please note that the success of any business venture is not dependent on bank loans; what matters most is the business administrative styles, cash flows management, effective marketing strategies and customer satisfactions. Experience, knowledge of the target markets and the understanding of your customers’ needs...

What is Company Law in Nigeria? (CAMA 2020)

For purpose of this section, we are going to look at what is Company Law in Nigeria; following the provisions of the Companies and Allied Matters Act (CAMA) 2020, as amended. This post is designed to further the understanding of our dear readers, who want to register their businesses in Nigeria. In our previous articles, we learnt that a Company can be structured in different ways, such as: a sole proprietorship business, partnerships, Limited Liability Company, among others. You may also...

Top 10 Quick Loan Agencies in Nigeria

So many people (especially young adults) have different innovative minds and ideas on how to make their lives better. Turning those innovative ideas into reality is what delays them because that will need to finance those innovations (Business) so as to make a living and be successful. That is why we need to read about the Top 10 Quick Loan Agencies in Nigeria. While growing up, it is certain that we all have borrowed money one way or the other,...

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