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sources of finance to small scale business
The Richest Man in Delta State Nigeria is Agbiwe Onajite Alem popularly known as ( ALEM J ) 24 yr old base in Ghana. He has accouter with a lot of companies financing movie and music industries both home and away so for this he is the richest
Banks are unwillingly to give loan to smal business because of the following:inability toprovide the needed or required collateral security lol level of capital formation by small business vicious cycle ofd penury in nigeria
Each service charges a different amount to wire money from US to Nigeria. Look at Table 1 in the link for the cheapest way to send money to Nigeria from US.
The Central Bank of Nigeria (CBN) originated in 1958. The primary job of the CBN is to regulate all of the banks in Nigeria.
Discuss problems and solutions associated with business forecasting in Nigeria
What is the prospect of value added tax in Nigeria?"
1. lack of certified public accountant who helps tremendiously in keeping accounting records. 2. unorganised system of accounting 3. insufficient account recording books 4. Auditing round the computer
There are so many problems of business education in Nigeria, to mention some: 1. Lack of adequate business facilities and resources; 2. Lack of good mentor; 3. Inability of individuals to practice entrepreneurship; 4. Fear of the unknown. To overcome these problems, we need to try and do the following: 1. Business Facility and Resources - This is the bedrock of business education in any western world. To be sound in business, we need to equip our self with the right facilities that will aid our education and give the student free access to this facilities. In addition to this point, serious students will use the available resources to source for useful information that will improve their business knowledge. 2. Mentors: Nigeria Business Education need good mentors. These mentors will guide the students in the right direction in achieving greatness in their educational part.
The problems of small scale industries in Nigeria include corruption, insecurity and poor infrastructure. The prospects on the other hand include engaging foreign traders in business so as to grow the economy.
What are the solutions of importers and exporters problems in nigeria?
Source of finance for small scale business can be raise through 1. From family. 2. From friends 3. From cooperatives society 4. Loans from the bank... Nigeria has introduced some sectoral policies to strengthen the growth of SMEs in Nigeria. Some of the policies active there are Concessionary financing, Small and Medium Industries Equity Investments Scheme(SMIEIS) to encourage the growth of small and medium scale industries. In Nigeria, the National Council of Industry, under the Federal Ministry of Industries, periodically revises the classification of SMEs. Other institutions, such as the Central Bank of Nigeria and the Nigerian Association of Small Scale Industries(NASSI) promote the growth of small industries.
the need for developing insurance business in Nigeria
what are the factor of demography in Nigeria business environment
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Examples of the small scale business in Nigeria includes the fresh fruit business, the food supply business, the retail shop business, and the carpet cleaning business. The other important small scale business in Nigeria includes web designing and forex trading.
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