Author: Blessed

September 13, 2024 – The GTB Internship Program offers graduates a paid opportunity to gain practical banking operations experience by supporting GTB’s Transaction Services team. This program is a great way to learn about banking basics. In 2020, Guaranty Trust was Nigeria’s most profitable banking group, excelling in Return on Equity and other key financial metrics. If you want to apply for this internship, here are the details. Eligibility Requirements To qualify, you must have these: Benefits of this Internship The benefits of this internship opportunity include the following: Required Documents for Application Before you apply for this internship opportunity,…

In the business environment, efficient and accurate accounting is crucial for the success of any small business. Manual record-keeping can be time-consuming, prone to errors, and difficult to analyze. That’s where accounting software like QuickBooks comes in. It’s not enough to have it, but you need to know how to use QuickBooks for small business accounting for maximum results. QuickBooks is a powerful tool that can streamline your accounting processes, provide valuable insights into your financial health, and help you make informed business decisions. In this article, we’ll guide you through the basics of using QuickBooks for small business accounting.…

September 12 2024 – Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has obtained a court order freezing N548.6 million in bank accounts linked to suspected crypto users on platforms like ByBit, KuCoin, and others. The EFCC alleges these individuals played a role in the devaluation of the Nigerian naira. The court’s decision, based on a September 3rd motion, highlights major foreign crypto platforms ByBit and KuCoin for allegedly facilitating the currency’s depreciation. This action is part of a broader government campaign against alleged foreign exchange violations and tax evasion by foreign cryptocurrency platforms. Naira Fluctuation Allegations In…

The federal government through the National Centre for Artificial Intelligence and Robotics (NCAIR), has opened applications for a N100 million AI Fund. The initiative, which is supported by tech giant, Google is aimed at supporting Nigerian startups that are leraging Artificial Intelligence (AI) to develop innovative solutions. This follows a series of strategic programs by the Ministry of Communications, Innovation & Digital Economy, aimed at harnessing the potential of AI to drive development, innovation, and well-being in Nigeria. According to a statement released by the NCAIR on Tuesday, the AI Fund is open to Nigerian-based startups that are focused on…

The NYSC has urged corps members to seize the incredible opportunity offered by the Tony Elumelu Foundation Entrepreneurship Grant. This grant program empowers aspiring African entrepreneurs with the resources they need to launch and grow their businesses. Renowned as a leading force in improving African entrepreneurship, the Tony Elumelu Foundation champions both men and women. Their mission is bold: to drive economic growth, eradicate poverty, and create a wave of job creation across the continent. Africa’s private sector holds the key to unlocking sustainable development, both socially and economically,” emphasizes the Tony Elumelu Foundation. NYSC went beyond simply promoting the…

Have you ever wondered who angel investors in Nigeria are and how you can get funding from them? Now, read this story. Ugo had always been a tech enthusiast, but he never imagined he would become an angel investor. His journey began when he stumbled upon a young startup called “FarmFresh,” which was developing a mobile app to connect farmers directly to consumers. Ugo was immediately intrigued by the idea and the passion of the founders. With a little extra cash from a recent business that pulled through, Ugo decided to invest in FarmFresh. He wasn’t just interested in making…

The deadline for applications is October 4, 2024. MEST Africa, a leading pan-African incubator and accelerator, has announced the launch of the MEST Africa Challenge 2024. The competition is open to early-stage AgriTech startups from across West Africa and offers a grand prize of $50,000 in equity funding. The MEST Africa Challenge aims to support innovative startups that are developing solutions to address the challenges facing the agricultural sector in West Africa. These challenges include: To be eligible for the competition, startups must: The winning startup will not only receive financial support but also benefit from mentorship, networking opportunities, and…

September 9, 2024– Starting Monday September 9, leading fintech companies in Nigeria, like OPay and Moniepoint, commenced the deduction of a N50 Electronic Money Transfer Levy (EMTL) on all inflows of N10,000 and above as they notified their customers. This move follows a directive from the Federal Inland Revenue Service (FIRS). The introduction of this levy marks the end of free banking services offered by many fintech firms, attracting a significant number of customers, particularly small businesses, students, and low-income individuals. The N50 levy is imposed on recipients of electronic receipts or transfers of N10,000 or more. For transactions in…

September 9 2024 – In Lagos, there’s a lot of waste. But what if we could turn this waste into something valuable? That’s the idea behind the “Leave No One Behind” initiative, supported by WEMA Bank and the Lagos State Government. Recent studies indicate that Lagos produces over 10,000 metric tons of waste each day, much of which ends up in landfills without proper processing. This not only strains the city’s infrastructure but also poses significant health and environmental risks. Recognising the potential of turning this challenge into an opportunity, Wema Bank, in partnership with the Lagos State Government, supported…

Are you a female entrepreneur in Nigeria with a dream to start or grow your business? Well, you’re in for a great show in your entrepreneurial journey! There are quite some organizations that give grants to female entrepreneurs in Nigeria and in Africa. In this comprehensive guide, we’ll walk you through organizations where you can get grants for your business funding. These organizations provide grants that are designed to give your business a financial boost, and provide you with the resources and opportunities you need to turn your entrepreneurial dreams into reality. Organizations In Africa that Provide Funding for Female…

Owning a small business has its challenges especially when you are setting up a new business for the first time. Have you thought of using accounting software to run your business finance? Imagine being overwhelmed by paperwork – invoices, receipts, payrolls, and financial statements. It’s late, you’re tired, and you still have a lot of work to do. This can make it hard to focus on growing your business. Don’t worry, you’re not alone. Many small business owners face this problem. But there’s a solution: financial software. This software can help you manage your finances easily giving you more time…

Are you a youth starting a new business in Nigeria? Getting money to start your business can be hard. Commercial banks often have strict rules that can delay the process of getting a loan from them. However, there’s a growing trend of private lenders for business startups offering alternative financing solution in Nigeria. In this article, we will talk about private lenders for business startup loans in Nigeria. We’ll discuss their advantages, and what to think about when applying for a loan from them. Key Takeaways Who are Private Lenders? Private lenders are individuals or organizations that provide loans to…

In today’s business world where new innovations are continuously improving businesses, having enough money to grow your business is really important. Nigerian entrepreneurs can get this money by taking out loans from trusted banks. These loans can help you expand your business, buy new things for your company, hire more people, or take advantage of new opportunities. This article will tell you about some of the banks that give business loan in Nigeria to fit the needs of your business. Whether you’re just starting out or your business is already established, there’s a loan out there for you. Key Takeaways…

We’ve made a list of the Bank of Agriculture loan requirements for a successful application. The Bank of Agriculture in Nigeria (BOA) is a goverment-backed bank specialized in providing funding for agricultural activities in the nation. The bank gives out loans to help people start and grow their businesses, big or small. This includes farms and businesses that work with farm products. Anyone can get a loan from this bank, from a single person to big companies, as long as they’re doing something related to farming. So, if you are a young person who wants to take a loan to…

Small farms and businesses in Nigeria are very important for fighting hunger. But many of these businesses cannot get loans from banks, and they are too big for small loans. This creates a problem because there is a need for about 100 billion dollars loans to improve the quality of agricultural businesses generally in Africa. If we can solve this problem, it will help people have enough food to eat in the future. In this article, we have outlined agricultural grants in Nigeria that you can apply for and get funding to expand you farming business. Key Takeaways Why Agri-Businesses…

Innovation and sustainable practices are key to addressing global food security challenges. To support these endeavors, numerous international organizations and foundations offer a variety of agricultural grants. These grants provide crucial funding for research, development, and implementation of innovative agricultural projects. In this blog post, we will delve into some of the top international agricultural grants available in 2024. These grants offer opportunities for individuals, organizations, and businesses to contribute to agricultural advancements and make a positive impact on communities worldwide. Key Takeaways Basic Requirements to Have Before Applying for an Agricultural Grant When applying for a grant to support…

Are you from Lagos and need a loan from LSETF? This article will tell you what you need to know to apply. Understanding the compulsory requirements is essential to ensure a smooth application process. In this blog post, we’ll delve into the specific loan requirements set by the Lagos State Employment Trust Fund (LSETF) for residents of Lagos State. Whether you’re an aspiring entrepreneur, a small business owner, or simply seeking financial assistance, this information will equip you with the knowledge you need to acquire funding from this initiative. Key Takeaways Understanding the LSETF Loan Program The Lagos State Employment…

Pig farming is the raising of pigs for meat, fat, and other products. It’s a popular way to make money in many countries, including Nigeria. Therefore, many people in Nigeria venture into this agricultural business to take advantage of the numerous benefits of it presents. Before you start a pig farming business, you must count your cost and strategize. This fore preparation is compiled in a business plan. A business plan gives an idea of how you intend to start and run your business. It can also be used to acquire funding from organizations who give startup loans to SMEs.…

Businesses today, are in constant competition because of the evolving trends and innovations happening daily. Due to this, access to adequate financing is crucial for the growth and sustainability of small and medium-sized enterprises (SMEs). In Nigeria, where SMEs form the backbone of the economy, SME loans have become a vital tool for businesses to overcome financial challenges and achieve their goals. This article will talk about the numerous benefits of SME loans for Nigerian businesses, exploring how these financial instruments can fuel growth, enhance operations, and create valuable opportunities. Key Takeaways 7 Benefits of SME Loans for Nigerian Businesses…

Securing funding is a critical step for agricultural startups to grow and scale their operations. With the increasing focus on sustainable agriculture and food security in Africa, a variety of funding options have emerged to support innovative ventures. This blog post will explore the different types of grants and funding available for agricultural startups in Africa, and their potential benefits. A knowledge of funding for Agricultural startups in Africa will give you a better chance to get one. By understanding the diverse funding landscape, agricultural entrepreneurs can identify the most suitable options to grow their business and make a positive…