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Finally!!! And may we say congratulations to the Startup/tech ecosystem on the recent Presidential assent of the Nigerian Startup Bill. The Nigerian Startup Act, 2022 (“the Act”) is aimed at harnessing the potential of the country’s digital economy by providing an enabling environment for the establishment, development, and operation of Startups in Nigeria. The passage …
The Nigerian Startup Act, 2022: What you should know Read More »
Have you been told no by the banks because you did not meet their criteria for loans? Don’t take it personal!
The banks are rigid in terms of their criteria for loans and will decline your application for funding where your business does not meet the criteria. Many start-ups and SMEs do not qualify for bank loans for some of these reasons:
SAFE is a great way for startups to get funding and support from experienced investors. It works by giving startups a set amount of money upfront, in exchange for a percentage of the company. This percentage is usually much lower than what investors would normally get, so it’s a great deal for startups. SAFE also gives startups some time to grow and get more funding before they have to give up any equity.
Firstly, compliance means adherence to laws and regulations. Thus, a compliant startup or business follows the same logic. A compliant startup/business is a business that operates in accordance with all the applicable laws and regulations
We got used to the idea that most entrepreneurs set up companies with the aim of solving a problem and making profit while at it. Business growth and sustainability are some of the buzzwords when such discussions come up.
Anyone with a smartphone in this age has undoubtedly been exposed to some sort of financial technology one way or another.
If your goal is to own a business you can pass on to the next generation, listen up! The leadership, structures and processes in your family and business are the reasons why you will be able to pass your company on to future generations. You may be wondering how families like the Fords, Waltons’ and …
In a 2018 report by International Finance Corporation[1], family businesses were stated to constitute the world’s oldest and most dominant form of business organizations. Also, these businesses represent more than 70% of the overall businesses and play a key role in the economy growth and workforce employment in most countries. The statistics show that 95% …
The Collaboration of the Advisory Board and the Board of Directors Read More »
In furtherance of enhancing the competitiveness of the business environment in Nigeria, President Muhammadu Buhari on August 7, 2020, signed into law the Companies and Allied Matters Act (CAMA), 2020 which repealed the CAMA, C.20, LFN, 2004. This new CAMA is Nigeria’s most significant business legislation in the last few decades and it introduces new …
Doing Business In Nigeria – The New Companies And Allied Matters Act (Cama), 2020 Read More »
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