Business Formalization in Nigeria In Nigeria, the body in charge of registering businesses is the Corporate Affairs Commission (CAC). Steps to Formalize Your Business: Business Name (BN) – for small businesses, sole proprietors, and partnerships. Limited Liability Company (LLC / LTD) – protects your personal assets, suitable for growing companies. Incorporated Trustee (NGO/Non-profit) – for…
In business, risk is not something you can completely avoid—it’s a part of the journey. From financial uncertainty to unexpected market changes, risks are everywhere. But here’s the good news: with the right mindset and strategies, risks can be transformed into opportunities that drive growth and innovation. Every risk comes with two sides: potential loss…
Every business, no matter how small or large, faces risks. From sudden market changes to unexpected expenses, risks are part of the journey. What makes successful businesses stand out is how well they manage these risks. The first step is knowing what could go wrong. Risks may be: Financial (cash flow problems, rising costs) Operational…
High-Value Cash Crops Cocoa, cashew nuts, sesame seeds, coffee, and ginger have huge global demand. Adding value through processing—such as turning cocoa into chocolate or sesame seeds into oil—boosts profits significantly. Horticultural Products Fresh fruits like mangoes, pineapples, and avocados, as well as vegetables like chili peppers and okra, are in high demand in Europe…
The global demand for agricultural products is at an all-time high, presenting a golden opportunity for farmers and agribusiness entrepreneurs to expand into export markets. Beyond feeding local populations, agriculture has become a major source of foreign exchange earnings, driving economic growth and creating wealth. Why Exporting Agricultural Products is Profitable Exporting allows agribusinesses to…
Digital marketing refers to the use of online channels, platforms, and strategies to promote products, services, or brands to reach potential customers. It focuses on leveraging the internet and digital technologies to engage audiences, increase visibility, and drive sales. Key Components of Digital Marketing Optimizing websites to rank higher on search engines like Google. Focuses…
Accessing funding for a business can be done through multiple channels, depending on your stage of growth, business model, and financial needs. Here are the main options: • Traditional financing from banks or credit unions.• Options include:• Term Loans (fixed repayment schedule).• Lines of Credit (flexible borrowing limit).• Requires a strong business plan, good credit,…
customers to question quality. volume, and profitability.
In 2025, the NGX Insurance Index, which tracks 15 of the sector’s most capitalized and liquid players, has surged by 82% YtD, second only to the Consumer Goods Index and far ahead of the broader market’s 37% YtD gain. Companies riding this wave include AXA Mansard Insurance and Cornerstone Insurance Plc.AXA Mansard’s market value has risen by 101% year to far, to N148.5 billion, making it the NGX’s third-most valuable insurance stock.Cornerstone has grown 78% year to date to a market capitalization of N116 billion, placing fourth in the category.These improvements have generated strong real returns for investors. Beyond the price increase, the important question…
Economist and founder of Awabah, Tunji Andrews, asserts that the Nigerian insurance sector is on the brink of significant change following the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. Enacted earlier this month by President Bola Tinubu, this legislation brings forth extensive modifications designed to modernize the industry, enhance regulatory supervision, and…
