Business News: Oil price, SMEs, Agric, Japan aged entrepreneurs
For the latest business news, happening in business, policies, reforms and major recaps, Business Monday is structured to give updates that help entrepreneurs in their chosen field.
Nigeria export to rise as oil price hit $50 per barrel from $48 last Wednesday, this will be the third time this year. It is expected that there will be increase in Nigeria's oil revenue after the country lowest output of 1.38 million bpd in August 2016 due to the upsurge of militants in the oil rich areas. (Punch)
#BuyNaijaGrowNaira initiative has been supported by the PMB administration by creating access to finance for Small and Medium-Scale Enterprises (SMEs) across the country. The president said his administration will be working closely with Manufacturer Association of Nigeria (MAN) and other Organised Private Sector (OPS) groups who are key stakeholders in achieving these objectives. (Business News)
The conventional agricultural practices that use synthetic pesticides and water-soluble synthetically purified fertilizers are gradually declining in Tanzania as farmers prefer the use of organic substances for farming because the production system sustains the health of soils abd ecosystems. One of the country coffee growers who added that organic farming productivity has gone high, fetching better prices in the market due to its quality. (All Africa)
Despite contest, The Reserve Bank of Zimbabwe has confirmed it will introduce bond notes by end of October 2016, It is anticipated that bond notes equivalent to about $75 million will be in circulation by end of the year. (All Africa)
Waste versus hygiene practices: The Nigeria government spent a total of N3.1 billion to build VIP toilets and bathrooms in 64 unity schools in 2014 and 2015. As contents in the country's budgets showed that N1.45 billion was spent on VIP toilets and bathrooms in 2014 and N1.64 billion in the preceding year. (All Africa)
The number of small firms in the world’s third largest economy Japan, closing their doors as reach a near record high as most start-ups firms owned by the aged struggle to find successors. About 26,700 firms shut down voluntarily as owners could not find successors in the last FY which ended March. (Channel Newsasia)
When will the race stop? $1 = #475 the persistent fall in Naira has increase from #414 within eight day at the parallel market as experts suggest that with the suspension of some banks from forex operations not having significant impact, the major challenge we have now is supply shortage, if that improves, naira will stabilise. (Punch)
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