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K2 Blog & News

Nigeria’s headline inflation in the month of September 2021, dropped further to 16.63% compared to 17.01% recorded in the previous month. This is according to the recently released CPI report for the month of September, by the National Bureau of Statistics.

According to the report, the consumer price index, which measures the rate of inflation rose by 16.63% year-on-year in the review month. This represents 0.38% point decrease compared to 17.01% recorded in August 2021.

Food inflation, which is a closely watched index also dropped to 19.57% in September from 20.3% recorded in the prior month while core inflation rose to 13.74%, up by 0.33% when compared with 13.41% recorded in August 2021.

As part of the solutions to Nigeria’s economic downturn, this year’s Mentor Matchup Challenge 4.0 (MMC4.0) pitching competition is set to hold.

Aimed at bridging the knowledge gap between successful entrepreneurs and the younger generation of entrepreneurs with a focus on five strategic sectors of the economy including agriculture, fashion and beauty, E-commerce, artisans and manufacturing, FMCGs and traders, the event, which is an initiative of 234finance.com, will take place at the Lagos Oriental Hotel on December 6, 2021.

Abuja Enterprise Agency (AEA), the Federal Capital Territory Administration's (FCTA's) vehicle for Small and Medium Enterprise (SME) development, employment generation, wealth creation and poverty reduction, recently organised a 10 day training programme on Economic Empowerment for HIV Vulnerable Women and Girls. The programme was an initiative of the National Agency for the Control of AIDS (NACA) to commemorate the annual 16 Days Activism against Gender-Based Violence (GBV).

The Permanent Secretary Federal Capital Territory Administration (FCT) Mr Chinyeaka Ohaa, has expressed the administration's willingness to partner with the Abuja Enterprise Agency to impact positively on the Youths in FCT.

He made this disclosure during a courtesy visit to the Agency last week to confirm its readiness for the established MSME One Stop Shop.

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We are focused on the development of Micro, Small and Medium Enterprises (MSME) and aims to assist new and existing entrepreneurs to overcome obstacles to growth through access to finance, proper business planning and developing entrepreneurship skills.