Women entrepreneurs play a crucial role in driving economic growth and development in Nigeria. Their contributions to job creation, innovation, and overall economic prosperity cannot be overstated. However, despite their immense potential, female business owners in Nigeria face significant hurdles that impede their success. This blog post explores five major challenges that women entrepreneurs in …
If you are serious about your entrepreneurial life, your very first step should be generating a business plan. A business plan is a formal document that outlines the goals of your business and how you plan to achieve them. It's a roadmap for your business, essential for both internal planning and external purposes, such as …
If your goal this year is to expand your business, then you may want to consider some urgent business loans in 2024. A business loan is a financial product offered by financial institutions, such as banks or online lenders, to provide funding for businesses. It is a form of debt financing where a business borrows …
Nigeria has a thriving business sector that requires financial support to grow and expand. Business owners often require loans to finance their operations, and choosing the right bank is crucial to ensure that the loan is both affordable and manageable. With so many banks that give business loans in Nigeria, it can be challenging to …
Despite being very rewarding, entrepreneurship presents unique challenges and considerations but what is the best business to start in Nigeria? Nigeria is a large and diverse country with a rapidly growing economy, and it offers various opportunities for entrepreneurs and investors. In addition to achieving financial freedom, starting a business in Nigeria can be a …
Businesses have a responsibility to be financially accountable to their stakeholders but how do you build a strong financial record for your SME? Financial records are comprehensive documentation of a business's financial transactions, activities, and positions. Maintaining accurate and organised financial records is essential for effective business management, compliance with regulations, and informed decision-making. Transparent …
Introduction The Nigerian economy has faced significant challenges in recent years, with high unemployment rates and difficult economic conditions for many citizens. In this climate, small-scale businesses have become an increasingly important source of income and economic growth. This blog post aims to provide aspiring entrepreneurs and small business owners with insightful and practical ideas …
Top 10 Small Scale Businesses You Can Start With Low Capital
A Small and Medium-sized Enterprises (SME) loan is a financial product designed to provide funding to small and medium-sized businesses. These loans cater to the diverse needs of SMEs, ranging from working capital to expansion and equipment financing. Some of the key aspects of SME loans include; Loan Amount Purpose of the Loan Loan Types …
As part of nairaCompare's commitment to empowering Nigerian businesses with the information and tools they need to succeed, we are thrilled to announce the addition of the FCMB EasyLift Loan to our platform! This innovative loan product from First City Monument Bank (FCMB) is designed to provide Micro, Small and Medium-Sized Enterprises (MSMEs) with access …
Women-owned businesses play a vital role in the Nigerian economy, accounting for over 40% of all businesses in the country. However, women entrepreneurs often face unique challenges, such as lack of access to finance and mentorship. In a move to empower women-owned businesses in Nigeria, First City Monument Bank (FCMB) has introduced the SheVentures Export …
Starting a business is an exhilarating journey filled with dreams of innovation and success. However, turning those entrepreneurial aspirations into reality often requires financial backing, and that's where loans for startup businesses in Nigeria come into play. Nigeria, with its vibrant and rapidly growing economy, has seen a surge in entrepreneurial activity, and aspiring business …
The entrepreneurial spirit is strong in Nigeria, with many individuals venturing into small businesses to earn income and achieve financial independence. However, raising sufficient capital to start and scale a profitable venture remains a key challenge. This blog answers the question ‘What business can I start with 100k in Nigeria’. Whether you want to launch …
