FG Launches SCALE Project to Boost Local Industries with Consumer Credit 

Adetutu A, The Insights 21 November 2024

The Federal Government, through the Nigerian Consumer Credit Corporation (CREDICORP), has launched a new initiative tagged Securing Consumer Access for Local Enterprises (SCALE). This project aims to promote Nigeria’s local industries by providing consumer credit specifically for purchasing

NAFDAC Urges Businesses to Prioritize Accurate Branding and Regulatory Compliance 

Adetutu A, The Insights 18 November 2024

The National Agency for Food and Drug Administration and Control (NAFDAC) has called on Nigerian businesses to prioritize adherence to health and safety regulations, particularly focusing on accurate branding and proper handling of regulated products.  Importance of Regulatory Compliance  During a panel session at the 2024 African Retail Congress in Lagos, NAFDAC

Pharmaceutical Manufacturers Urge NAFDAC to Fast-Track Product Approvals for Local Production 

Adetutu A, The Insights 1 November 2024

Local pharmaceutical manufacturers are calling on the National Agency for Food and Drug Administration and Control (NAFDAC) to speed up the approval process for their products. With the recent exit of major multinational pharmaceutical companies from Nigeria, local manufacturers are ready to fill the gap in medicine supply, but they need quicker regulatory support.  Local

Expansion of Small Business Grants and Loans to Boost Nigerian Entrepreneurs 

Adetutu A, The Insights 17 October 2024

In a bid to strengthen the Nigerian economy, the government and private sector are expanding programs that provide small business grants and loans to entrepreneurs. These initiatives aim to empower small and medium-sized enterprises (SMEs), create jobs, and stimulate local economic growth.  Government-Backed Grant Programs  The Nigerian government, through the Bank of

Nigerian Government Adopts 88 Safety Standards for CNG Vehicles 

Adetutu A, The Insights 14 October 2024

In a bid to enhance safety and sustainability, the Federal Government has adopted 88 international standards for Compressed Natural Gas (CNG) products to support the nationwide rollout of CNG initiatives. This move is aimed at ensuring a smooth transition to CNG systems in vehicles while guaranteeing the use of high-quality products in Nigeria. The Director-General […]

FG Removes VAT on Diesel and Cooking Gas to Boost Energy Sector 

Adetutu A, The Insights 3 October 2024

Finance Minister, Olawale Edun The Federal Government has announced new tax relief measures to encourage investment in Nigeria’s oil and gas sector. As part of this initiative, the government has stopped charging Value Added Tax (VAT) on key energy products such as diesel, cooking gas (LPG), Compressed Natural Gas (CNG), and electric vehicles.  Tax Exemptions […]

Entrepreneurs Encouraged to Embrace Business Growth Models 

Adetutu A, The Insights 1 October 2024

Dr. Oluremi Olukoya, a business leader, has highlighted the importance of adopting the Business Growth Modulation (BGM) Model for micro, small, and medium-sized enterprises (MSMEs) to grow and succeed.  Business Growth Modulation Model for MSMEs  Speaking at the Success Circle Africa conference in Lagos, themed ‘Innovation and Collaboration as Catalysts for Growth in

How to Start a Business, Find Funding, and Turn Your Passion into Profit 

Adetutu A, The Insights 10 September 2024

Starting a business and turning your passion into a profitable venture can be exciting but also challenging. With the right steps, you can successfully set up your business, find funding, and grow it into something rewarding. Here’s a step-by-step guide to help you get started.  1. Identify Your Passion and Business Idea  The first step […]

How to Call Someone Who Blocked Your Phone Number. A Simple Guide for Nigerians

Okanlawon G, The Insights 20 July 2024

How to Call Someone Who Blocked Your Phone Number. A Simple Guide for Nigerians. Using the code #31# can be used to call someone who has blocked your number, as they won’t recognize the caller ID and thus might answer the call. How to Call Someone Who Blocked Your Phone Number. A Simple Guide for […]

Nigerian Businesses Do Not Understand the Value of Reviews

Okanlawon G, The Insights 23 June 2024

Nigerian Businesses Do Not Understand the Value of Reviews. Let’s first understand the context or word reviews. So, what are reviews? Reviews are customers’ opinions and feedback about your business, products, or services. They provide insights into what customers think and feel about your offerings. What people think of reviews Many Nigerian businesses often see