googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. We do not and will not perform any other activity that is regulated under any applicable Singapore law. 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. Now, climate change is at the forefront of Joe Biden’s energy policy. It will also help you to resist the temptation of indiscriminately dipping into your company’s finances to meet your personal needs. The Seed Capital, Fund-of-Funds and Innovation Loans programmes are part of the Innovation Fund for SMEs. SINGAPOREAN property tycoon John Lim's family office, JL Family Office, ARA Asset Management and Straits Trading Company have set up a S$5 million fund to extend short-term loans to businesses in … The three … He got to a point and had to slow down in traffic. Nigeria’s black gold – Oil, would be dependent on the future outlook of the oil market and Biden’s policies. 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. 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. The fund, targeted to help SMEs … You must repay a loan, often at periodic intervals, along with the interest. He has previously labeled them a cartel in the past. 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. SMEs may apply for this funding as well through the SMME South Africa platform. During Trump’s tenure, OPEC+ was rattled several times. 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. 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. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. The plan’s proponents intend to improve the industry’s minimum paid-up capital in each business segment, thereby solving premium flight issues that have continued to plague the industry. Although private intelligence shows Iranian oil is still exchanged in the markets, this diplomatic relation would still be significant especially with Iran accounting for about 9.5% of the world’s total oil reserves. Equity capital is more suitable for startups with innovative business ideas and aggressive growth plans. READ: Donald Trump and Joe Biden clash over plans to lift travel ban on UK, EU, Brazil. 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. (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. However, most of the industry’s bellwethers have entirely shored-up their minimum paid-up capital to the required level. Many of them can even be downloaded free of charge from your smartphone’s app store. For the industry to thrive, the regulators may also need to deepen micro insurers’ activities in the Nigerian economy. 1 Raffles Boulevard, Crescent 1, Level 2 Suntec City, Singapore 039593. A sign of financial and business management competence that all investors appreciate in any business is a clear distinction between the owner or manager of the business and the business itself. As we mark Armed Forces Remembrance Day and the sacrifices of our Fallen Heroes, we owe it a duty to discuss how we honor them, while maintaining the rule of law across the board and the dignity of the rest of the civil populace. That’s very important in the conversation on his impact on gasoline prices and demand. Loans are more suitable for businesses that are already generating significant revenue. As we continue on the journey of nationhood, we have to decide as a people what form our respect and the privileges, we accord our men and women in uniform should take. 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. Chinedu Nnawetanma is an SME and startup finance professional currently working with one of Nigeria’s financial institutions. 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. Between 2002 and 2012, small and mid-size enterprises (SMEs) created 77% of new jobs in … 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 … The investor hopes to recover the equity capital alongside a profit by selling this share of ownership and control to other investors in the future at a higher price. Trump has never hidden his mistrust in OPEC. 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. CSLS is a member of the Nigerian Stock Exchange. All over the World, members of the Armed Forces, Police, and other Uniformed Government Security are accorded some form of respect and privilege. The first few years would be very important. LTD. (the "Business") is a Private Company Limited by Shares, incorporated on 13 February 2020 (Thursday) in Singapore. Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. A loan is a type of financing that is typically given by banks. 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. Rupert and Oppenheimer family’s donation President Cyril Ramaphosa announced on Monday evening that … You are not allowed to request to see the identification card of anyone in uniform, to do so can lead to physical intimidation. The unbridled privileges and rights that years of Military rule have inadvertently conferred on Uniformed Personnel have created a class of citizens that cannot be questioned and led to a growing army of Impostors, fakes, and impersonating Uniformed Officers of the Law. An equity capital is typically given by angel investors, venture capital firms and private equity firms. Government guarantee for part of SME loan The SME loan guarantee scheme has been specially developed for SMEs … 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. The help of SME Equity Fund Ltd was crucial to our success. The National Bank of Canada has completed its initial capitalization of $200 million for the National Bank SME Growth Fund, L.P. 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. 6 Simple steps you must take to attract funding as an SME in 2021. Poor access to finance is one of the leading challenges faced by SMEs, but these simple steps might just help you attract funding … Digital technologies have made running a business easier and more profitable than ever before. 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. During the last nationwide #EndSARS protests, an Airforce Officer was lauded by all for the manner he was able to calm down the protesters and ensured there was no destruction of property and no loss of lives. Amotekun has launched just over a year ago on January 9, 2020, and already criminal groups are making counterfeit versions of its uniforms. CSL Stockbrokers Limited, Lagos (CSLS) is a wholly owned subsidiary of FCMB Group Plc and is regulated by the Securities and Exchange Commission, Nigeria. READ: Facebook suspends Donald Trump indefinitely. All fundings arranged via our Platform, unless expressly stated, are made under the “small offers exemption” as prescribed under section 272A, “private placement exemption” as prescribed under section 272B, or “accredited investors and other certain persons exemption” as prescribed under section 275 of the SFA and is not made in or accompanied by a prospectus that is registered by the Monetary Authority of Singapore. 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. Empowering SMEs On the supply side, it can be the result of insufficient capital among the investors, meaning that there isn’t enough funding to go round. SME Education Foundation Donors & Partners The SME Education Foundation is the leading voice in manufacturing education. I. n particular, we do not provide any form of investment advice or recommendation to any person. The Military High Command has done its best in recent years to improve military and civilian interaction and to create lines of communication for the civil populace to report incidents of misconduct. The EUR 20 million grant fund scheme 'Ideas Powered for Business SME Fund' aims to help … By using this website, you agree to be bound by our Website Terms of Use. A number of factors can give rise to this poor access to finance. 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”). The Nigerian Insurance sector remains largely underdeveloped with Insurance penetration still at c.0.5% to GDP. 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. 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. Generally, the Staff was all super courteous and helpful and he left the bank in next to no time. [email protected] and we will publish it within 24 hours of approval by our editorial team. 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. An increase in US oil has significantly reduced OPEC+ market share and dominance in the oil markets. This was after 6 persons were arrested while posing as members of the Corps. SMEs may need working capital to enable day to day business operations for the survival of their firm as well as to fund projects for business growth. Some come in the form of loans, while others come in the form of equity capital and grants. An overwhelming proportion of the challenges faced by SMEs in accessing funding can be attributed to this demand-side factor. In particular, we do not provide any form of investment advice or recommendation to any person. It has taken many businesses to the doorsteps of their customers. 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. About 50% of all small and medium-sized enterprises (SMEs) fail globally within 5 years of their existence. 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. 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. 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 covid-19 pandemic effect has increased health, travel, and business disruption claims. ), these apps will give you a breakdown of your company’s financial and sales performance and a helicopter view of the business as a whole. He was dressed immaculately in his well ironed and starched uniform and you could see your reflection in his well-polished shoes. READ: Fintech key to insurance penetration, processing of claims – LASACO MD. SME Help Fund launched by ARA Asset Management, The Straits Trading Company and JL Family Office to support SMEs who are facing temporary liquidity disruption to their business. Firstly, Fracking. Minterest Private Limited is incorporated in Singapore with registration no. SME Help Fund upsized to S$8 million February 27, 2020 SINGAPORE (THE BUSINESS TIMES) – Over 100 businesses in Singapore have applied for loans from a fund set up by Singaporean property tycoon … 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? 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. Facilitated by Minterest. He was briskly saluted by the guard and when the door appeared to disallow him entry (on account of his car keys and belt), he was still given swift access. 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. What’s more? It is given by donors to businesses that are making a positive social impact or solving a social problem or making a great breakthrough in their industries. 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. Camouflage is a part of the military uniform and so it falls under this law. 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. 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. It would be rare for Joe Biden to do the same thing as his style of governance will be seemingly different from Trump´s. 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. However, the leading cause of the high mortality rate experienced in the SME segment around the world is poor access to finance. We do not and will not perform any other activity that is regulated under any applicable Singapore law. 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 … There are no import or export customs tariffs, and licensing requirements for both imports and exports are minimal. Will Joe Biden’s soft foreign policy on Iran enable Iranian oil to return to the market? The importance of small and mid-size enterprises (SMEs) is not limited to emerging nations. 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 In this piece, I will be focusing on the financial management aspects of such frameworks. All Rights Reserved. But companies that are yet to adapt risk getting steamrolled and completely run out of business. Black Industrialists Scheme (BIS) This incentive programme aims to fast-track the participation of … Business is all about money, so there’s no escaping this. Would he endure lockdowns or not? These actions have led to a manifest improvement in the civility of interactions between the two sides. While growing up in Lagos in the early ’80s, uniformed personnel boarded public transportation and were exempted from paying fares. The fund, created in 2016, has become a trustworthy partner on granting preferential tailor-made loans to help SMEs improve. 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. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. The Guard immediately closed the boot with the briefest of glimpses into it and signaled for his colleague to open the gate. 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. These privileges however do not in any way place uniformed personnel above the laws of the land or above the rest of the civil populace. 业集团) today announced the launch of a S$5 million SME Help Fund (中小型企业资助基金) to assist local small and medium-sized enterprises (SMEs) tide over the COVID-19 outbreak whictoh has impacted Singapore. The answers to these three questions would give an outlook on the fate of Nigeria’s black gold. 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. Joe Biden’s relations with Iran would differ from Trump’s relationship with Tehran. Well, that is only the first step. Curiously, these outfits are readily available online, and wearing them in other parts of the developed world is not considered a crime or impersonation. ‘ARA Minterest’ is a trading name of Minterest Private Limited. 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. An SME may be considering an … 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. 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. Inadvertently, it will hamper the production of fossil fuels in the long-run. © 2021 Minterest Private Limited. The fund, called Helping Our Promising Enterprises (Hope), is the work of the industry association's young business leaders network. 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. Your email address will not be published. A couple of months ago, I wrote on the impact of the Joe Biden Presidency on the oil markets. This was done as a form of respect and appreciation (especially after the Civil War), but the sight of uniformed personnel wearing just an article of clothing in the uniform e.g., the Cap, T-Shirt or Pants on a weekend private outing just to avoid paying their fare has become embarrassing. 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. 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. 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. The address of the Business's registered office is at the … As you know, personal and business interests do not mix well. READ: AfDB supports Africa’s flagship climate initiative with $6.5bn. It would be interesting to see if Biden would allow OPEC to seize market share from American oil. At periodic intervals of your choice (daily, weekly, quarterly, half-yearly, annually, etc. Historically OPEC could influence prices with their policies, but nowadays, US oil appears as a barrier in the oil markets. The dominance of shale is enabled by a few factors. All fundings arranged via our Platform, unless expressly stated, are made under the “small offers exemption” as prescribed under section 272A, “private placement exemption” as prescribed under section 272B, or “accredited investors and other certain persons exemption” as prescribed under section 275 of the SFA and is not made in or accompanied by a prospectus that is registered by the Monetary Authority of Singapore. Scholarships … Additionally, Wall Street would be wary of investing in the oil and gas sector as the future looks more into renewable energy. This advice especially comes in handy when you cannot afford the services of a qualified accountant or a financial advisor. ‘Long live the Armed Forces, Long Live The Federal Republic of Nigeria’. Periodically assess your company’s finances, place it side-by-side with your personal needs and how much you think you are worth and figure out how much you can realistically pay yourself. 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. Over the years, the investment in the Shale industry in America has seen the United States increase oil production significantly. 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. As he approached the gate of the New Generation Bank in Victoria Island, one of the Security Guards beckoned on him to open his boot for the usual search. The S$8 million fund will assist Singapore SMEs with … In today’s highly digitalized economy, it is not difficult to find basic bookkeeping apps that will help you to achieve this. 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. It is an unwritten rule borne out of respect for the sacrifices that they make daily for the rest of the citizenry to enjoy the most basic freedoms and security.
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