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Musbahu El Yakub

Access up to N25 Million Targeted Credit Facility for COVID-19

” The Central Bank of Nigeria (CBN)  introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic….” Link details…..https://nmfb.com.ng/covid-19-support/?fbclid=IwAR1mD-mSV18YQ7fDLuyBDM8rwc2FxXmBRA_nOcJRMFIQORs6g2GpwRy32T4 Feature image by enriquelopezgarre from Pixabay

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Musbahu El Yakub

Every Choice Has a Price Tag – Yawar Mirza Baig

This article was originally written by Mirza Ywar baig for yawarbaig.com and with whose kind permission it is reproduced here. Lower Sheikalmudi like most estates had fallen victim to a custom that had been set up by the British planters; that of worker’s vegetable gardens. The original idea was to

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Musbahu El Yakub

Jack Welch, Built to Last – By Mirza Yawar Baig

This article was originally written by Mirza Ywar baig for yawarbaig.com and with whose kind permission it is reproduced here. My friend since 1994, Carla Fischer, posted a picture of a GE Appliances Blender on LinkedIn with the caption: My parents were given this GE blender 58 years ago as a

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RISLANUDEEN MUHAMMAD

Nigerian Economy and the Coronavirus Pandemic – Preliminary Notes

Article written by Dr. Rislanudeen Muhammad, Abuja, Nigeria The United States Senate this week passed a bipartisan USD2.2 trillion emergency relief package by a vote of 96-0, as the coronavirus pandemic devastates the world economy, marking the biggest rescue deal of its kind in US history. Bank of England decided

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Musbahu El Yakub

BOI Raises $1.11bn For SMEs Funding

“The Bank of Industry (BOI) has raised $1.11billion (€1 billion) from the international capital market with the aim of building capacity and strengthening structures necessary to render financial support to Micro, Small, Medium and Large enterprises in the country. BOI, while explaining that the oversubscribed bond was to ensure continued

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Musbahu El Yakub

CBN Press Release

Highlights: COVID-19: CBN To Inject N1 Trillion Stimulus on Economy …Meets with Bank Chiefs on March 21…Health sector to get additional N100b loan Boost ABUJA – Two days after it unveiled a six-point palliative to ameliorate the continued impact of the corona virus on the Nigerian economy and supply chains

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Musbahu El Yakub

Small Business Titbits: Technical Preparation

We had, earlier, discussed the first of the requisite preparations that an aspiring entrepreneur should arrange, Mindset Preparation. After comporting their mind as to their ability and willingness to emotionally and socially do what needs to be done to achieve business success, the aspiring business person should then embark upon

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Musbahu El Yakub

Small Business Titbits: Mindset Preparation

Starting a business is a long-term commitment. And as with every worthy endeavor, preparation is key to success. In business, I am of the opinion that there are two important types of preparations: Mindset preparations and Technical preparations. Why are these two preparations important? Statistics reveal that 20% of small

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Musbahu El Yakub

Musings of an Entrepreneur: Of Gross Domestic Product, Institutions and Culture in a Developing Economy

Summary: I want to suggest that the bane of underdevelopment in many countries is not necessarily the lack of institutions as is often argued by many professionals and commentators. If anything, many developing countries are actually ‘over-institutionalised’, leading to wieldy bureaucratization of otherwise simple issues and processes that leads to

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Musbahu El Yakub

Documentation and the Entrepreneur

Some few years ago, a bank that had acquired another made contact with a small IT company I was associated with. In an aggressive way, the bank demanded for loan repayment it claimed the company owed the bank it had acquired. Apparently, the acquiring bank had fired all the staff

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Musbahu El Yakub

‘WE HAVE A PROBLEM’ – Handling Business Crises

Individuals and organisations face crises at various points in their lives. How we handle the crises we face may affect, for better or worse, everything else that happens in the future. At an extreme end, poor handling of crises can actually lead to the demise of a business. As an

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Musbahu El Yakub

The Circles of Relationships

The innate social disposition of the human being necessitates that long-term and sustainable success is predicated on the extent of healthy relationships with other people. Different individuals may have different social inclinations as well as ‘needs’ for different extents of interactions with others. However, what is incontestable is that we

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Musbahu El Yakub

My Books: Place Your Order

I have, so far, authored three books that will certainly help the entrepreneur. The first book is on business start up in Nigeria. This is a very important book as it brings out the several issues that must be considered before starting a business. Ideas generation, idea testing, feasibility study,

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Musbahu El Yakub

Wrong Business Assumptions can Kill: The A380 Story

Every business makes certain assumptions, deliberately or unconsciously. Industries are created or disrupted when assumptions made are proven true by markets. All successful businesses are built on assumptions that prove true. The development and growth of the fast foods industries, as well companies like Amazon are examples. Similarly, losses and

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