Lagos, Nigeria – March 20, 2024 – In a strategic move poised to reshape the financial landscape for Nigeria's dynamic small business sector, nairaCompare, the nation's leading digital financial marketplace, has forged a game-changing partnership with the Association of Small Businesses of Nigeria (ASBON). This collaboration brings together nairaCompare's cutting-edge fintech solutions and ASBON's extensive …
Small and medium-sized enterprises (SMEs) are the backbone of Nigeria’s economy, providing jobs for millions and contributing significantly to economic growth. However, limited access to financing remains one of the biggest obstacles for many aspiring entrepreneurs and small business owners in the country. This comprehensive guide aims to demystify the process of securing loans in …
Access to finance remains one of the biggest obstacles for small and medium enterprises (SMEs) in Nigeria to start and grow their businesses. However, the fintech revolution has paved the way for online lending platforms catering specifically to SME borrowing needs. These platforms provide quick, convenient loans with minimal documents leveraging technology and alternative data. …
Securing a Small and Medium-sized Enterprise (SME) loan without collateral can be challenging, but there are lenders and programs that offer unsecured financing for businesses. Growing your business with an SME loan without collateral involves careful planning, strategic use of funds, and responsible financial management. In addition to ensuring that the loan aligns with your …
Operating a small or medium-sized enterprise (SME) in Nigeria can be an uphill task, especially when it comes to financing business operations and expansion plans. Access to funding remains one of the biggest challenges facing SMEs in the country. However, the emergence of microfinance banks providing small business loans presents much-needed funding opportunities for Nigerian …
Compare the Top 5 SME Loans from Microfinance Banks in Nigeria
Small and medium enterprises (SMEs) play a vital role in the Nigerian economy. However, they often face challenges with business management, payments, and access to information. This is the gap that Olivia hopes to fill. Olivia App is an indigenous mobile solution designed to streamline business operations and payment systems for SMEs. It is a …
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 …
Business loans are financial arrangements where a lender provides funds to a business entity, typically in the form of a lump sum, to meet various business-related needs. These loans are specifically designed to help businesses cover expenses, expand operations, manage cash flow, invest in equipment or inventory, hire employees, or finance other business activities. Business …
Suretree, a leading financial technology company in Nigeria, today announced that its flagship product, nairaCompare, has been awarded the SME IT Service Provider Award at the 4th Nigeria National SME Business Awards (NNBSA) 2024, held on April 11th, 2024. This prestigious accolade recognizes nairaCompare's commitment to enhancing economic growth and financial inclusion for small and …
Nigeria is a rapidly growing economy with a population of over 200 million people. With such a large population, there are many business opportunities that entrepreneurs can take advantage of. However, not all business ideas are equally profitable. In this article, we will explore 10 business ideas that can help you make money in Nigeria …
