Business Financing

Evert business need positive cash flow management, daily accounting records and good accounting decisions to survived. If you are looking for ideas on how to raise money for your business or the best ways to finance your startup business in Nigeria, then get every information you need here on Abbakin about how to Business Financing and Accounting Management.

Why Your Business Should be on Social Media

If you run any business whether small or large, you must continually think of ways to get your products and services in front of as many people as possible. It shouldn’t be a shock to you when I say that there are over  4.5 billion social media users around the world. So there are so many reasons why your business should be on social media. For a business to be successful among its competitors , its management has to stand...

How to Start up an Online Shopping Store

The internet has taken over the world. These days, almost everything can be found online. The internet has simplified all aspects of life by which online shopping is one of the areas that has made it convenient in purchasing what you want. In a world where many seem to value saving time and money, recently shoppers have started to do most of their buying online rather than going to physical locations (like boutique and stores) to get them. So,...

Why Africans Should Take Cryptocurrency Seriously

Understanding why older Africans should take cryptocurrency seriously and why it is important is crucial in today’s Africa. This article will help with that. Crypto-currency, such as bitcoins, was most popular among the younger generation. 12% of 18 to 29 year-olds claimed to be bitcoin owners. However, people aged 30 to 39 years old had crypto-currency in 8% of cases, whereas, those aged 40 and up had almost no bitcoins or other crypto-currencies. This is a really poor statistical review on...

Why Business Owners Are Not Qualified To Access Loans

Thinking of getting a loan for your business? Here are the main reasons why business owners are not qualified to access loans in Nigeria. The Central Bank of Nigeria (CBN), the Bank of Industry (BoI) and the Lagos State Employment Trust Fund (LSETF) recently say there are many funds available for the micro, small and medium enterprises (MSMEs) in Nigeria, but many business owners are not qualified to access them. They say lack of proper documentation, absence of financial history, and...

How to Apply for Nigerian Youth Investment Fund

The minister of youth and sports development, Sunday Dare on Wednesday announced the approval by the federal executive council to establish the Nigerian Youth Investment Fund (NYIF). This is a federal government initiative to invest in the innovative ideas, skills, talents and enterprise of the Nigerian youths with the aim of turning them into successful entrepreneurs. About 500,000 Nigerian youths will benefit from the N75 billion approved funding under the Nigerian Youth Investment Fund annually. According to a tweet from Dare’s...

Government Agencies that Support SMEs in Nigeria

If you are a startup entrepreneur, corporate organization or foreign investor currently doing business in Nigeria or seeking investment opportunities in Nigeria; there are lots of business activities you can achieve with this list of top government agencies that support SMEs in Nigeria. You will also need responsive website designs, social media marketing, and search engine optimization strategies to grow your business, increase your online visibility and make more sales. Nigeria is the largest economy in Africa and, according to Goldman Sachs, the nation...

How to Register for YouWiN Connect Program

In furtherance to our free business information publication, this article is written to help you get full information on how to register for YouWiN Connect Program; including the YouWiN application requirements, login eligibility details, and other important guidelines. The Nigerian YouWiN Connect Enterprise Program is for young startup entrepreneurs and startup businesses in Nigeria who have being waiting for this kind of government grant opportunity to empower their business!   What is YouWiN! Connect? The YouWiN Application Portal, now YouWiN Connect is...

How to Raise Money for Business Using Crowdfunding Sites

So you’ve got a brilliant business idea, but lack the credit power, the collateral or even the bank that can support your vision right? You even reached out and tried to fund your business through friends and families, only to discovered they lost their houses and jobs to the last year’s flooding incidence or during the corona virus pandemic? This post will let you understand how to raise money for business using crowdfunding sites. You will also need responsive website...

How to Raise Fund Using Venture Capital & Angel Investors

Learn the difference between venture capitalists, angel investors and how they can help you raise business finance. This article will show you how to raise business fund using venture capital vs angel investors. You will also need responsive website designs, social media marketing, corporate branding and search engine optimization strategies to grow your business, increase your online visibility and make more sales. Most business owners can raise money or start-up capital for their businesses through a variety of financing sources. These sources are broken into two categories,...

How to Fund a Business through Personal Savings

Raising money to start and grow a business is one major challenge that affects many entrepreneurs. As a business owner or founder looking for the best way to raise capital for your business, you can fund a business through personal savings, small borrowing from friends & families and through credit purchase from your suppliers. You will also need responsive website designs, social media marketing, corporate branding and search engine optimization strategies to grow your business, increase your online visibility and make more sales. Of course, there...

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