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The growth of SMEs in Nigeria is paramount as it is required to bolster economic development. SMEs contribute up to over eighty percent (80%) percent of firms in the country. They are equally responsible for a substantial percentage of the labour force in the country. As important as it is to economic growth, it is rather worrisome that it remained in the developing stage because financing has remained one of the key managerial challenges that keeps confronting SMEs in Nigeria today.  Studies have shown that finance (capital) when in short supply most times due to mis-management greatly affects the growth of a business entity. Where there is no proper flow of fund to run and sustain a business entity, it is definitely destined for a premature collapse. Finance for the purpose of this content is the money invested in a business entity to start up and sustain a business. A small and medium scale enterprise within the context of Nigeria is a business entity whose asset base and...

Being deeply loved by someone gives you strength while loving someone deeply gives you courage and freedom.  To all my esteemed readers and followers, I love you all and happy valentine!! Mwaaah!!!

Lazio have threatened legal action against those who have questioned the legitimacy of the age of their 17-year-old Cameroonian player Joseph Minala. The Italian side stated that his birth certificate is "absolutely legitimate". Lazio added:   "We reserve the right to take action against those responsible for the protection of the good name of the company and the footballer." The midfielder also issued a statement via the club's website denying he told an African website he was 41. He said: "I have read the alleged statements posted on the website senego.net in which it says I confessed my real age which was different to what was stated in my [official] documents. "They are false statements that have been attributed to me by people who do not know." Minala joined the Rome club last summer and recently played for them in the Viareggio Cup youth tournament. Source: BBC Sport.

Net Present Value (NPV)...... The difference between the present value of the future cash flows from an investment and the amount of investment. Present value of the expected cash flows is computed by discounting them at the required rate of return. For example, an investment of $1,000 today at 10 percent will yield $1,100 at the end of the year; therefore, the present value of $1,100 at the desired rate of return (10 percent) is $1,000. The amount of investment ($1,000 in this example) is deducted from this figure to arrive at net present value which here is zero ($1,000-$1,000). A zero net present value means the project repays original investment plus the required rate of return. A positive net present value means a better return, and a negative net present value indicates unfavourable returns. Net present value takes into account the value of the dollar today compared to the value of the dollar in the future, which is why it is a very important value to look at...

Some hours ago , it was a rumor. Now reports out of England have Chelsea and Manchester United with a “provisional” agreement for Juan Mata . For a United record $65.8 million, the 25-year-old Spaniard would make his way west, provided the two Premier League titans complete the more formal parts of Mata’s transfer. That’s what the “provisional” tag is all about. A reported possibility of a deal  was speculated on Tuesday, two things still need to happen. Though the clubs have agreed on the potential fee, Manchester United needs to offer a format bid for Mata. The former Valencia attacker must also make his desire to leave known to Chelsea manager José Mourinho, who has held on to the talented playmaker despite dropping him from the team’s starting lineup. That’s left Mata with no goals and two assists in 13 league appearances this season. Over the previous two campaigns, however, Mata was Chelsea’s most productive player, recording 18 goals and 30 assists i...

" Why is it that when something wonderful happens to us we immediately fear that the joy won't last, but when something tragic occurs we immediately assume that we will never get over it". Lesson to be learnt is that we should be better at savouring the good times  and letting go off the bad moments. Stay positive.............!

Cristiano Ronaldo has been dealt a blow ahead of next week's Ballon d'Or announcement as details emerge of a deal between Adidas - the main sponsor of Lionel Messi - and FIFA. Under the terms of the agreement, Adidas enjoys exclusive rights for the promotion of FIFA Ballon d'Or merchandise, while Nike, Ronaldo's main sponsor and that of fellow leading candidate Franck Ribery, does not possess the same privilege. It means the Real Madrid forward, who is the favorite to land the prize, will be unable to make money from the award in the same manner as his great rival and current holder. "These official partnerships are the reasons why we can use the official award name within promotional activity and therefore, by the same token, why Nike could not," Ben Goldhagen, Senior PR Manager for Adidas UK and Ireland, told Goal . Adidas produced a special edition f50 boot to commemorate Messi's fourth consecutive Ballon d...