Category : Search result: VAT exemption small businesses


Cross River Clears 500 for SME Loans at 5% Interest

Cross River State approves 500 entrepreneurs for SMEDAN-Sterling Bank loans at 5% interest rate. Governor Otu's initiative aims to boost small businesses and economic growth across the state.

98% of Nigerian Workers Exempt from Income Tax

Nigeria's new tax reforms will exempt 98% of workers from personal income tax starting January 2026. Learn how SMEs and low-income earners benefit from VAT exemptions and other incentives.

BOI Unveils Business Clinic to Save Nigerian MSMEs

Bank of Industry launches structured Business Clinic model to address MSME survival crisis. Only 20% of Nigerian businesses survive past 5 years. New program targets 24,000 enterprises by 2027.

Why I Married Five Wives - Kano Yam Seller

Ibrahim Yahaya, a Kano man selling fried yam in Warri, reveals why he married five wives and how Tinubu's economic policies affect his business. Read his survival story.

Tailor's 24-hour dress delivery gets viral praise

A Nigerian tailor delivered a custom dress within 24 hours and received overwhelming praise from her customer via voice note. The customer became the center of attention at an event and received money sprays due to the stunning outfit.

UK-Nigeria Trade Mission Opens in Abuja

A UK-Nigeria trade mission has launched in Abuja to empower women-led businesses and boost non-oil exports. Discover how this initiative creates new opportunities.

Nigeria Baking Crisis: 80,000 Bakeries Shut Down

Nigeria's baking industry faces collapse as over 80,000 bakeries closed since 2020 due to high production costs, energy crisis, and insecurity. Learn how this affects jobs and bread prices.

Shettima, Elumelu Lead SMEDAN 2025 MSME Conference

Vice President Shettima and Tony Elumelu will headline SMEDAN's 2025 GROW Nigerian Conference in Lagos from November 16-18. Features policy sessions, exhibitions, and ₦20m pitch competition.

Ghana Scraps Covid Levy, Cuts VAT to Boost Economy

Ghana abolishes its Covid-19 Health Recovery Levy and reduces VAT to stimulate growth, returning GHS 5.7 billion to citizens. A tragic stampede at a military recruitment event in Accra leaves six dead.

New Capital Gains Tax Rules Protect Small Investors

Federal Government clarifies new progressive Capital Gains Tax rates from 0% to 30% starting January 2026. Small investors get exemptions while large corporations face higher rates. Learn how this affects your investments.

NAFDAC Bans Sachet Alcohol in Nigeria

NAFDAC orders a complete ban on alcoholic beverages in sachets and small bottles below 200ml by December 2025 to protect public health, especially minors.

Lekki Deep Sea Port Severely Underused - NPA

Nigeria Ports Authority exposes shocking underutilization of Lekki Deep Sea Port as local businesses fail to leverage Africa's deepest port facility, missing massive trade opportunities.

N100,000 Grant for Petty Traders: Apply Now!

Federal Government launches new portal for petty traders to apply for N100,000 grant. Batch C beneficiaries list released. Application process simplified for small business owners across Nigeria.

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