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.

How to Prepare your Loan Repayment Plan

In order to secure the required outside business or personal funding you need, here are some tips on how to prepare your loan repayment plan successfully and be able to attack your debts head on. Individuals, entrepreneurs and organizations need to sell their projects successfully to potential investors and/or financial lenders by discussing their feasibility reports, business plan while preparing their loan applications. For a loan borrower similarly, it’s easy to forget about the fact that you might have some bad debts looming over your personal credits,...

How Startups Can Manage Their Debts Better With Debt Consolidation Loan

You may not know but it is a fact that debt consolidation loans help the startups to manage the multiple debts in a better way. This concept may seem to you to be pretty simple and incredibly impressive, but rest assured it is very complicated to execute in your debt management endeavor. This article focuses on how startups can manage debts better with debt consolidation loan.   What is a Debt? A debt is a sum of money that is owed or borrowed...

5 Best Banks For Business Account In Nigeria

If you want to open account for your Business Name, Limited Liability Company or Public Corporation in Nigeria but you’re not really sure which bank to choose, below is our list of best banks for business account in Nigeria.  This post highlights the top 5 banks in Nigeria that is most suitable for small scale businesses, established firms and startup entrepreneurs who want to open business accounts. Most of these banks provide multiple SMEs packages that are best for online business in Nigeria, internet...

What is Company Law in Nigeria?

For purpose of this section, we are going to look at what is Company Law in Nigeria; following the provisions of the Companies and Allied Matters Act (CAMA) 1990, as amended. This post is designed to further the understanding of our dear readers, who want to register their businesses in Nigeria. In our previous articles, we learnt that a Company can be structured in different ways, such as: a sole proprietorship business, partnerships, Limited Liability Company, among others. You will also...

10 Factors to Consider In Business Loans Application Process

In today economy, getting a small business loan can be so important in growing your new business. However, below are key factors to consider in business loans application. However, a lack of equity usually limits the debt financing available to most startup businesses in Africa and across the globe. Lenders will generally require some equity cushion or security (collateral) before they can lend to small businesses. Additionally, debt financing requires the ability to service the debt through current interest payments. This also makes...

How To Make Money Online In Nigeria

If you are looking for ideas on how to make money online in Nigeria, this post will show you some decent and sure ways you can earn massively online. Here, we are going to discuss several creative way of making money online. So if you are reading this article, you’re one step ahead of achieving success in your online money making quest. Without out wasting mush of your time, below is our step by step guide or better; the list...

10 Reasons Why Nigerian Businesses Fail

Why do small businesses fail in Nigeria? This post will bring to the limelight the key reasons why Nigerian businesses fail. Sometimes, a failing business may be in such a way that the entrepreneur founder or the business owners are unaware of this failure happening until it is often too late. Without doubt, most business professionals know that lack of good management system in a firm's structure has many negative ways of affecting the success fortuity of most businesses. Thus, the leading...

POS Cash Withdrawal and Transfer Services

Looking for POS Cash Withdrawal and Transfer services provider in Abaranje Road, Ikotun Lagos. Everyday Business Center is third party business acting on behalf of the banks to render financial services that helps individuals and organizations to easily receive money, send money and make payments across all commercial banks in Nigeria. We leverage electronic payment platforms like FirstMonie Financial Services, Quickteller Paypoint, Paga Mobile Banking, Remita e-Payment, Mobile Wallets, etc. Now, you can transfer money to any recipient and receive...

How to Setup Accounting Department for Small Business

This post will show you how to setup accounting department for small business (SMEs), including other elements that you need in setting up your financial reporting and account management systems. As one of the best accounting and audit firms in Lagos Nigeria, we can help you grow your business with a functional accounting department, small business accounting services, bookkeeping and accounting software solutions. Setting up an accounting department is perhaps the most significant steps to start an organization on a...

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