First published on LinkedIn. Nigerian rising interest rates worry many borrowers. Here are 5 reasons Bank of Industry (BOI) loans remain the best. Nigerian interest rates are going up and Nigeria’s central bank has aggressively raised its monetary policy rate (MPR) to 22.75% to control inflation. This represents 400 basis points (4%) from…
Trying to secure funding for your business venture can be both exciting and challenging. The landscape is diverse, with a multitude of fund providers offering different ways to access capital. Founders and business owners are often confused about which type of funding and provider suits their business. Every fund provider has its own type of…
Starting on a new business venture is an exciting process, but it requires careful planning to navigate the risks and challenges successfully. One important aspect is preparing a business plan – the roadmap that outlines your goals, strategies, and the way to profitability. As an entrepreneur, you face the decision: Do you prepare the business…
Are you dreaming of launching a successful business? The journey from ideation to sustainable success requires more than just a great idea—it demands a diverse skill set. Here is a breakdown of the essential skills every entrepreneur should cultivate to navigate the challenging yet rewarding world of business drawing inspiration from some successful entrepreneurs who…
Starting a business is a dream for many entrepreneurs, but the road to success is filled with challenges. According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. According to the U.S. Bureau of Labor Statistics (BLS), approximately 20% of new businesses fail during the first two years,…
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