Startups & Innovations | BusinessMetricsNg

CBAN partners MSME Africa to host webinar to enlighten small businesses

Oct 13, 2020 Banjo Olaniran

The Credit Bureau Association of Nigeria (CBAN) in collaboration with MSME Africa Online will be hosting the first edition of their jointly organized MSME Business Webinar Series. The webinar themed: “The Role of Credit Bureaus in Business Recovery and Sustainability” is slated for Thursday, October 15, 2020 at 11am. Accoding to press conference from the organizers, speakers at the webinar are include ‘Tunde Popoola: MD/CEO, CRC Credit Bureau; Mrs. JameelahSharrieff – Ayedun: MD/CEO, CreditRegistry, while the discussions will be moderated by Onome O. Ako, executive secretary of CBAN. “The conveners…

FG inaugurates survival fund for 333,000 artisans, transporters

Oct 2, 2020 Business Metrics

The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and Guaranteed Off-take Stimulus Scheme. A total of 333,000 artisans and transporters across the country are to benefit from grants provided by the scheme. The Minister of State for Industry, Trade and Investment, Miriam Katagum, who flagged off the scheme in Abuja, said 9,009 beneficiaries each from the 36 states of the federation and the Federal Capital Territory would benefit from the scheme. She said the scheme would leverage duly registered…

Within 48hrs, 174,574 apply for COVID-19 N75bn MSME survival fun

Sep 25, 2020Sep 25, 2020 Banjo Olaniran

Just 48 hours after commencement, a total of 174,574 persons have successfully registered for the N75 billion National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan. Mariam Katagun, minister of state for industry state and investment, disclosed this on Thursday while addressing journalists in Abuja, adding that the registration for the MSME Survival Funds commenced at 11pm on Monday. She said that “as at 8.30am this (Thursday) morning, total successful registrations stood at 174,574.” The schemes were introduced by the federal government to…

Google partners ministry to help Nigerian SMEs, youths recover from pandemic effects

Sep 16, 2020Sep 16, 2020 Banjo Olaniran

Tech giant, Google, has announced plans to help businesses, job seekers, educational institutions and vulnerable populations as they grapple with the “new normal” and begin to rebuild and recover from the impact of the COVID-19 crisis locally and across the continent. The tech company’s initiatives will address the need for funding, training and services across identified sectors, including support for 500,000 SMBs and 25,000 teachers. This support includes a partnership with the Nigerian Ministry of Youth and Sports Development. The partnership will provide support for youth-owned SMBs. It will also…

UBA Business Series targets more SMEs, business owners with empowerment

Sep 14, 2020Sep 14, 2020 Banjo Olaniran

Pan African financial institution, United Bank for Africa (UBA) Plc has reiterated support for small and medium enterprises (SMEs) and business owners via another edition of its quarterly UBA Business Series. The lender said this is in its continuous bid to support the growth of Micro Small and Medium Enterprises(MSME) and equip them with the necessary tools to strengthen and sustain their businesses. The UBA Business Series is an MSME workshop and a capacity building initiative where business leaders share insights on best practices for running successful businesses in the…

COVID-19: 300 SMEs, teachers get support from Heritage Bank, foundation

Sep 14, 2020Sep 14, 2020 Banjo Olaniran

As part of efforts to cushion the effects of the COVID-19 on the education sector, Heritage Bank Plc in partnership with Honourable Fatima Mohammed (FAMO) foundation has provided succor to over 300 affected private school teachers and small medium enterprises (SMEs). The challenges posed by the COVID-19 pandemic, have continued in the shutdown of schools for months leaving the private school teachers without any means of livelihood and no source of income. To alleviate the challenges, Heritage Bank and its partner supported over 300 private school teachers and small businesses…

20 startups graduates from first virtual Google for Startups class

Sep 13, 2020Sep 13, 2020 Banjo Olaniran

The first all-online iteration of Google’s accelerator program for African startups has seen 20 startups from seven countries go through a 12-week virtual journey to refine their offering and undergo mentoring and workshops in key areas such as technology, product development and business growth. According to Onajte Emerhor, head of Google for Startups Accelerator Africa, Google had, to date, celebrated wins with one Nigerian startup playing their part in the fight against COVID-19 and three raising funding. Emerhor cited of one of such wins being the notable Franc, raising a…

$325,000 GSMA grants up for startups with assistive tech solutions

Sep 11, 2020 Banjo Olaniran

Startups with solutions addressing barriers to digital inclusion faced by people with disabilities have been invited to apply for up to US$325,000 in grant funding from the latest GSM Association (GSMA) Innovation Fund. The GSMA Innovation Fund for Assistive Tech, supported by the UK Foreign, Commonwealth & Development Office, is looking for startups, small and medium enterprises (SMEs) and social enterprises in Africa and Asia that are driving the digital inclusion of people with disabilities. These solutions will be addressing barriers such as access, affordability, relevance, knowledge and skills, and…

Pandemic: 1.7m Nigerian MSMEs set to get N75bn FG’s stimulus funds

Sep 11, 2020Sep 11, 2020 Banjo Olaniran

The Federal Government on Thursday flagged off two schemes to financially support about 1.7 million micro, small and medium enterprises (MSMEs) across the country with N75 billion. At the flag-off of the National MSME Survival Fund and the Guaranteed Off-take Stimulus Schemes under the Nigeria Economic Sustainability Plan, Mariam Katagum, the minister of state for industry, trade and investment, assured that the schemes would impact positively on businesses. Recall that the Economic Sustainability Plan was approved by the Federal Executive Council on June 24, 2020 following its initiation by the…

Sour Tale: Over 50% Nigerian PR agencies report revenues below N5m

Sep 10, 2020Sep 10, 2020 Business Metrics

More than 50 per cent of public relations (PR) agencies in Nigeria are said to be reporting revenues of less than N5 million yearly, as a result, agencies must think outside the box to mitigate the current challenges. The Nigeria Public Relations Report, which was packaged by BlackHouse Media (BHM), a public relations firm, said the report, which is the fourth edition, is dedicated exclusively to chronicling data on trends, perceptions, challenges, and prospects within the dynamic industry. A cursory look at some of the findings from the report showed…