Category: blog

How the VAT Increase will affect Business in Nigeria

In November 2019 the Nigerian senate approved the Finance bill presented by President Buhari. It is supposed to be a landmark bill which overhauls major tax issues but notably increases the VAT rate from 5% to 7.5%. The major focus has been on the VAT increase which its opponents say will increase the cost of […] READ ARTICLE

Using Productivity Tools To Reduce Costs

This is the first of our series on increasing productivity at reduced costs. There are various tools to achieving this and this post focuses on ERP systems and internet use monitoring software. ERP Systems ERP is an acronym for Enterprise Resource Planning, but even its full name doesn’t shed much light on what ERP is […] READ ARTICLE

Master-guide to Financing your Business 2

In the Part 1 of this series Master-guide to Financing your Business, we discussed stages of SME growth and optimal types of funding for every stage of  growth. All fund providers do have criteria and documentation requirements for pre and post approval of  the funding application. Some of these basic requirements include good character, cashflow, […] READ ARTICLE

Master-guide to Financing your Business 1

  Small and Medium Enterprises (SMEs) are entities with asset base of N5 million and not more than N500 million excluding land and buildings with employees between 11 and 200. Many SMEs face several business challenges which have resulted in their extinction. These challenges include skills shortage, lack of funding, high interest rate, access to […] READ ARTICLE

New Products Alert: Detailed Industry and Market Reports

In our last post we had introduced two new products , and in this post we are pleased to introduce two more products as shown below: Detailed Industry Reports:  An industry is a classification that refers to groups of companies that are related based on their primary business activities.  The detailed industry report is a comprehensive account […] READ ARTICLE

Introducing our New Products: Business Clinic Sessions and Executive Summary Value Bundles

We are delighted to introduce the following new products and service which have been designed to help your business grow at a cost effective rate. Business Clinic Sessions  Both successful and failing businesses face numerous challenges and hiring full or part -time staff or consultants to solve such issues could be expensive and time consuming. […] READ ARTICLE

Highlights of the Accessing Business Finance Seminar

The Accessing Business Seminar organized by Highnet Resources Limited took place on Thursday, 16th of November, 2017 at the Lagos Chambers of Commerce and Industry (LCCI) Conference and Exhibition Center, Alausa, Ikeja, Lagos. The seminar’s core objectives were to unravel the secrets of getting business finance and also help participants meet lenders and equity firms. […] READ ARTICLE

Accessing Business Finance Seminar on 16th November 2017

ACCESSING BUSINESS FINANCE SEMINAR Overview of the ‘Accessing Business Finance’ Seminar The Problem Many companies especially MSMEs face a number of special challenges in their quest for survival and growth in Nigeria. Their biggest constraints to growth are a lack of access to finance, poor infrastructure and difficulty in getting machines/spare parts/raw materials and skills […] READ ARTICLE

How the Mobile Phone can Save Costs

With the introduction of new technology communication has also changed. Today is the era of wireless communication which gave rise to mobile phones which have gradually evolved since inception. Apart from communication so many functions have been added to the mobile phone and Mobile phones have gone beyond the level of phone calls, Facebook, Skype […] READ ARTICLE

Why You Do Not Need An Office

In the past, the importance of an office was paramount even if it meant having a kiosk where you can put a table and chair with a standing fan, that can accommodate at least 2 people at a time is very important.  At least you could have meetings, meet with coworkers, and ensure all works […] READ ARTICLE