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Latest Start-up news from Nigeria’s technology hub, Yaba, Lagos state, seed funding, IPO, Private equity

Lagos begins Agric-Youth Empowerment Scheme summer school for students Aug. 17

By Olayinka Olawale Lagos, Aug. 12, 2020 The Lagos State Government says it will begin the Year 2020 Agricultural Youth Empowerment Scheme (Agric-YES) Summer School Programme for students of public Senior Secondary Schools across the Six Education Districts on Aug. 17. The State Acting Commissioner...

Group trains 6,000 youths from Edo, Delta, others on entrepreneurship

By Nefishetu Yakubu Benin, Aug. 12, 2020 A Group known as Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), says it has trained over 6000 youths from Edo, Delta, Rivers and Bayelsa on entrepreneurship. The Executive Director, ERA/FoEN, Godwin Ojo, made this known during the 3rd...

SMEDAN to launch rating agency to ease loan access for SMEs

By Olajide Idowu Osogbo, July 23, 2020 The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will establish a ‘rating agency’ to enable small scale businesses have easier access to loans Mr Oluwagbenga Ogundeji, South-West Zonal Coordinator of SMEDAN, said this during...

MSME Awards:Plateau Entrepreneur emerges winner in Wood work category

By Martha Agas Abuja, July 16,2020 A Plateau enterprenuer, Mafeng Iliya, has emerged the best in furniture and wood work category at the 3rd edition of the National Micro Small and Medium Enterprises (MSME) awards held virtually on Thursday in Abuja. Newsmen reports that the MSME...

Micro-credit scheme gives N72m free loan to 900 residents of Badagry communities

By Raji Rasak Badagry (Lagos State), July 13, 2020 (NAN) The Aje Micro-Credit Scheme, a subsidiary of Yinka Folawiyo Petroleum Company Ltd., has started to give out no less than N72 million loan to 900 residents. The beneficiaries are from various communities within Badagry...

LASG to train 450 entrepreneurs in coconut’s waste-to-wealth initiative

By Olayinka Olawale Lagos, July 12, 2020 The Lagos State Government ( LASG) says it will start a five-week intensive training on July 13 for no fewer than 450 young entrepreneurs on the use of coconut waste in arts and craft. The State Acting Commissioner for...

Access Bank invests N14bn in female-owned SMEs in Nigeria

celebrates Tracy Batta With a focus on boosting Nigeria's female entreprenuership growth through discounted access to finance is one of the many unique value propositions of she-economy. Access Bank’s W Initiative is celebrating Tracy Batta, co-founder, Smoothie Express and a W Power Loan beneficiary...

SoftBank-Backed OPay suspends subsidiaries over difficult business environment

Softbank-backed OPay, NIgerian based e-commerce and payments company, has suspended some of its operations in Nigeria in the face of a difficult business environment following a government ban and the Covid-19 pandemic. The affected operations include its ride-hailing services ORide and OCar as well as...

Invest in Technology, Localise Supply Chain, Redefine Purpose, Airtel MD Advices SMEs investors at UBA Business Series

In adjusting to the new normal, business owners and operators of Small and Medium Scale businesses have been advised to invest massively in technology and find ways to source their raw materials or supplies locally, as this is expected to boost their activities and...

UBA Hosts Airtel MD in Quarterly Business Series, Calls for Registration of Business, SMEs Owners

In its continuous attempt to support the growth and sustainability of small and medium scale businesses in Nigeria and Africa, United Bank for Africa (UBA) Plc will be hosting the UBA Business Series on Tuesday, June 30, 2020. The UBA Business Series, which is held...
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