The sector which contracted by 18.67% y/y in the Q3 GDP report released by the National Bureau of Statistics (NBS) is set for a deep recession in 2020. The Guard immediately closed the boot with the briefest of glimpses into it and signaled for his colleague to open the gate. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. Inadvertently, it will hamper the production of fossil fuels in the long-run. You can place your company on a trajectory of accelerated and sustainable growth by taking out time to improve your understanding of accounting and financial management. A Lagos State Traffic Official (LASTMA) who got in front of his car and attempted to stop him because he was on the phone and driving, took one look at him and moved on. While Donald Trump gave tough sanctions during his tenure, Biden would seek to pamper Iran just like Obama did and this will mean Iranian oil can come back to the market. All over the World, members of the Armed Forces, Police, and other Uniformed Government Security are accorded some form of respect and privilege. You are not allowed to request to see the identification card of anyone in uniform, to do so can lead to physical intimidation. Furthermore, for the industry to thrive, the regulators may also need to deepen micro insurers’ activities in the Nigerian economy. Poor access to finance is one of the leading challenges faced by SMEs, but these simple steps might just help you attract funding this year. All Rights Reserved. Following the lingering impact of coronavirus, the deadline was adjusted from June 2020 to December 2020 to implement Phase I of the project while the deadline for the second phase’s performance was moved to September 2021. Additionally, America as one of the largest consumers of oil will need to improve its demand overtime before supply outweighs demand as a result of the pandemic. Business is all about money, so there’s no escaping this. While growing up in Lagos in the early ’80s, uniformed personnel boarded public transportation and were exempted from paying fares. The S$8 million fund will assist Singapore SMEs with … Section 110 (1) of the Criminal Code makes it unlawful for any person who is not serving in any of the Armed Forces in Nigeria to wear the uniform of the Armed Forces or any part of the uniform of such Forces, or any dress having the appearance or bearing any of the Regimental or other distinctive marks of such uniforms. This advice is every bit as relevant for SMEs with employees as it is for sole proprietorships. © 2021 Minterest Private Limited. As an entrepreneur, you must have a digital or, at the very least, a paper-based journal where all your company’s transactions, both revenues and expenditures, will be recorded. Minterest Private Limited is incorporated in Singapore with registration no. These actions have led to a manifest improvement in the civility of interactions between the two sides. READ: Fintech key to insurance penetration, processing of claims – LASACO MD. Now that he is President of the United States with his inauguration on the 20th of January, every country would go back to their political and foreign drawing boards to analyse the impact of his swearing-in on their respective economies or governments. Small Enterprise Finance Agency (SEFA) Small Enterprise Finance Agency was established in 2012 … Digitalizing your company can be as simple as creating a website or social media pages for it, to make it easier for your target audience to reach you. CSL Stockbrokers Limited, Lagos (CSLS) is a wholly owned subsidiary of FCMB Group Plc and is regulated by the Securities and Exchange Commission, Nigeria. When oil prices go high and affect the cost of gasoline on American consumers, Trump calls out OPEC to find ways to reduce the prices. READ: AfDB supports Africa’s flagship climate initiative with $6.5bn. Users of this website are advised to seek independent financial, tax and legal advice or make such independent investigations as appropriate in connection with their use of this website. The Seed Capital, Fund-of-Funds and Innovation Loans programmes are part of the Innovation Fund for SMEs. As the philanthropic arm of SME, we continue to … Will shale oil, which has been the albatross on the neck of oil prices for years, weaken in respect to Joe Biden and notably Kamala Harris’ views on fracking? So, you ask yourself, why would anyone want to buy counterfeit versions of Amotekun uniforms if not that they believe it’s a means to access power and riches that they would otherwise not be able to get if they were in civilian dress. The SME Education Foundation annually awards millions of dollars in scholarships to graduating high school seniors, undergraduates and graduate students pursuing two-year, four-year or advanced degrees in manufacturing or engineering. Understanding these types of funding and identifying the one that best suits your company will increase your chances of succeeding in your quest to raise business capital. It is highly controversial as it threatens to cause pollution and is detrimental to climate change. Empowering SMEs (BRUSSELS) - As of Monday, small and medium-sized businesses (SMEs) were able to apply for financing under a EUR 20 million grant scheme to help EU companies to make better use of intellectual property rights. It is important to identify the type of funding that your company needs before approaching any bank, angel investor, venture capitalist, private equity firm or donor agency. Poor access to finance arises when a business is unable to attract the capital that it needs to maintain its daily operations or expand into new markets and business lines. The fund, targeted to help SMEs … Then it dawned on him that the reason the LASTMA Official did not bother to approach him was the same reason the guards and bank staff were so nice to him. This was after 6 persons were arrested while posing as members of the Corps. In understanding market dynamics, increased production of oil has a negative effect on oil prices. SME Export Marketing Fund (EMF) Hong Kong is a hub for international trade. The lack of barriers to trade makes Hong Kong … Equity capital is more suitable for startups with innovative business ideas and aggressive growth plans. In Nigeria, it is a normal sight to see men of the Armed Forces beating up and molesting citizens for daring to wear camouflage clothing on the Streets, as this is deemed as an attempt to impersonate a member of the Armed Forces. It is no longer a secret that digitally compliant companies were able to navigate the worst of the crisis better than their brick-and-mortar-oriented counterparts. The uniform of the Nigerian Armed Forces, Police, and other Government Security Agencies have become so powerful, that they serve as a form of identification. All data available on this website is strictly for information purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation on our part to buy or sell any securities or other capital markets product or financial services. The EUR 20 million grant fund scheme 'Ideas Powered for Business SME Fund' aims to help … [email protected] and we will publish it within 24 hours of approval by our editorial team. With the devastation wreaked by the COVID-19 Pandemic, every business owner now appreciates the importance of going digital. If you use funds from the business to finance your lifestyle, you will be stifling its growth and it will remain rooted to the spot for many years. Government guarantee for part of SME loan The SME loan guarantee scheme has been specially developed for SMEs … ‘ARA Minterest’ is a trading name of Minterest Private Limited. 1 Raffles Boulevard, Crescent 1, Level 2 Suntec City, Singapore 039593. READ: FG seeks partnership with National Council of Registered Insurance Brokers, here’s why. All data available on this website is strictly for information purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation on our part to buy or sell any securities or other capital markets product or financial services. IFAD’s investment in the ABC Fund is part of a wider plan to scale up IFAD’s engagement with the private sector and design innovative instruments to help increase investments in rural areas and help the private sector overcome the challenges of investing in small-scale agriculture, recognising that rural SMEs … It is given to a business in exchange for a certain percentage of ownership and control in that business, called equity. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. The Nigerian Insurance sector is critical to propelling income equality and reducing the poverty level of any society, but the industry’s performance has continued to drag amid many factors, such as; low underwriting capacity of players, lack of trust by consumers, poverty and the inadequacy of distribution infrastructure. By using this website, you agree to be bound by our Website Terms of Use. Generally, the Staff was all super courteous and helpful and he left the bank in next to no time. In a bid to rid the sector of these known drags, the National Insurance Commission (NAICOM), the primary regulator in the industry launched its recapitalization exercise in May 2019. READ: Facebook suspends Donald Trump indefinitely. As you know, personal and business interests do not mix well. The address of the Business's registered office is at the … The covid-19 pandemic effect has increased health, travel, and business disruption claims. These factors have jointly contributed to the abysmal level of insurance penetration – the proportion of insurance business to the gross domestic product over the years. Minterest Private Limited is incorporated in Singapore with registration no. In particular, we do not provide any form of investment advice or recommendation to any person. Scholarships … Interestingly, according to trumptwitterarchive.com, Donald Trump tweeted 271 times about “oil”; 70 about “OPEC”; 351 about “gas” (gasoline and natural gas); 68 about “Saudi Arabia”. This is why we have not seen $100 oil in many years now. 12/04/2015 Dubai SME fund offers Dh 600m loan boost to Emirati Entrepreneurs 12/04/2015 Dubai Gov’t launches $163 MN fund to help innovative Emiratis 12/04/2015 MBRF holds assets worth 600 MN plus However, the leading cause of the high mortality rate experienced in the SME segment around the world is poor access to finance. The first few years would be very important. The help of SME Equity Fund Ltd was crucial to our success. He got to a point and had to slow down in traffic. This will help you to maintain accurate records of your company’s cash flow, analyze trends in consumer behaviour and project the future more empirically. A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. Sme-grants.com can help with your cash flow needs by providing competitive short term business loans for your Singapore government projects (after they are approved) from legal financial lenders. On the demand side, it can be the result of the poor frameworks existing in many companies due to the low managerial skills and financial literacy levels of their operators. Users of this website are advised to seek independent financial, tax and legal advice or make such independent investigations as appropriate in connection with their use of this website. The National Bank of Canada has completed its initial capitalization of $200 million for the National Bank SME Growth Fund, L.P. Col. Saki knew the drill and with one touch of a knob near the seat, he flicked open the boot just as the guard walking past him noticed his uniform and rank. Facilitated by Minterest. He has previously labeled them a cartel in the past. But companies that are yet to adapt risk getting steamrolled and completely run out of business. We do not and will not perform any other activity that is regulated under any applicable Singapore law. Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. He is passionate about the empowerment of the private sector, especially SMEs, to drive the economic growth and development of Africa. 201607263W and holds a Capital Markets Services licence (CMS100573) issued by the Monetary Authority of Singapore (“MAS”) to deal in securities under the Securities and Futures Act, Cap 289 (“SFA”). 6 Simple steps you must take to attract funding as an SME in 2021. READ: Donald Trump and Joe Biden clash over plans to lift travel ban on UK, EU, Brazil. Chinedu Nnawetanma is an SME and startup finance professional currently working with one of Nigeria’s financial institutions. Now, climate change is at the forefront of Joe Biden’s energy policy. From a financial perspective, it can be as simple as installing a payment gateway on your website that customers can use to purchase your products and services. He was dressed immaculately in his well ironed and starched uniform and you could see your reflection in his well-polished shoes. SME Education Foundation Donors & Partners The SME Education Foundation is the leading voice in manufacturing education. Many of them can even be downloaded free of charge from your smartphone’s app store. The Nigerian Insurance sector remains largely underdeveloped with Insurance penetration still at c.0.5% to GDP. With Joe Biden’s imminent inauguration as the President of the US, his policy on energy and renewables could very well determine Nigeria´s prosperity for the next 4 years. Call for proposals – GR/001/21 (Ideas Powered for Business SME Fund) This call for proposals is supported by the European Commission and the EUIPO. You must repay a loan, often at periodic intervals, along with the interest. This advice especially comes in handy when you cannot afford the services of a qualified accountant or a financial advisor. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform.To get your articles on Nairametrics, kindly send an email to Black Industrialists Scheme (BIS) This incentive programme aims to fast-track the participation of … Well, that is only the first step. It would be rare for Joe Biden to do the same thing as his style of governance will be seemingly different from Trump´s. Amotekun has launched just over a year ago on January 9, 2020, and already criminal groups are making counterfeit versions of its uniforms. It will also help you to resist the temptation of indiscriminately dipping into your company’s finances to meet your personal needs. I mentioned earlier that opening a corporate bank account for your business will help you to resist the temptation of indiscriminately dipping into its finances to meet your personal needs. However, most of the industry’s bellwethers have entirely shored-up their minimum paid-up capital to the required level. with the SME Fund The Ideas Powered for Business SME Fund is a 20 million Euro grant scheme created to help European small and medium-sized enterprises (SMEs) access their intellectual property rights. He was in his Army uniform and in Nigeria that confers a special status and privilege on the wearer. The uniform of the Nigerian Armed Forces, Police, and other Government Security Agencies have become so powerful, that they serve as a form of identification. Col. Saki found this rather curious because, on previous visits to the same bank branch, he had been subjected to more scrutiny by the guards on duty. Fintech key to insurance penetration, processing of claims – LASACO MD, AXA Mansard divests from its pension and real estate ventures, FG seeks partnership with National Council of Registered Insurance Brokers, here’s why, AfDB supports Africa’s flagship climate initiative with $6.5bn, Facebook suspends Donald Trump indefinitely, Mike Pence to go against Trump, announces he will attend inauguration, Donald Trump and Joe Biden clash over plans to lift travel ban on UK, EU, Brazil, FIRS hits 98% of target as it collects N4.95 trillion for 2020 fiscal year. You can even resort to perpetually borrowing from banks, cooperatives and other sources to keep it going, which is costly and difficult to come by as an SME. By using this website, you agree to be bound by our Website Terms of Use. One of the best ways to achieve this distinction is to open a corporate bank account for your company where all the transactions related to it will be performed. Beyond having a clear vision, a good business plan and a marketable product or service, there are critical frameworks that business operators need to put in place in order to make their companies better prepared to receive and leverage funding. 201607263W and holds a Capital Markets Services licence (CMS100573) issued by the Monetary Authority of Singapore (“MAS”) to deal in securities under the Securities and Futures Act, Cap 289 (“SFA”). In our view, firms that are yet to meet the required capital threshold may likely lose out on the opportunities available on the supply side of the market. The only way that your company can really grow is by reinvesting the profit earned by the company into the company. In today’s highly digitalized economy, it is not difficult to find basic bookkeeping apps that will help you to achieve this. Nigeria’s black gold – Oil, would be dependent on the future outlook of the oil market and Biden’s policies. The first thing that you must do as an entrepreneur to make your company more attractive to investors is to separate your personal and business finances. The fund, called Helping Our Promising Enterprises (Hope), is the work of the industry association's young business leaders network. Would he endure lockdowns or not? So, the real issue is not the uniform itself, but the access, privilege, power, and rights it confers on the wearer. Yagneshing Gowreesunker and Chetrajansing Gowreesunker Directors and Shareholders of Island Milk and Allied Products Ltd Our … Some come in the form of loans, while others come in the form of equity capital and grants. Commercial Real Estate Financing Solutions. Announced in July, as a new venture capital fund partnership with the Quebec government to support the digital transformation of small to medium-sized enterprises (SME) and their recovery following the COVID-19 pandemic, the fund … However, when prices are so low and energy companies in America can’t break even, Trump, like he did in April 2020, interferes and calls out OPEC to intervene. Service 1 - IP pre-diagnostic services (IP Scan) : This service can help … Over the years, the investment in the Shale industry in America has seen the United States increase oil production significantly. Of course, there is no rule preventing you from drawing from your company’s profit at the end of your financial year, but you should only do this when your company is mature and stable enough to withstand the outflow. During Trump’s tenure, OPEC+ was rattled several times. An increase in US oil has significantly reduced OPEC+ market share and dominance in the oil markets. 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