Nosa Alekhuogie
Small and Medium Scale Enterprises (SMEs) operating in Nigeria need to pay greater attention to business intelligence in their quest to survive and deliver impactful products and services in the country, the Chief Executive Officer of MainOne, Ms. Funke Opeke has said.
She made the recommendation while featuring as a guest on a radio program, Fidelity SME Forum in Lagos.
MainOne is a leading provider of innovative telecom services and network solutions for businesses in West Africa.
According to Opeke, SMEs, individuals or teams trying to build their startups into multinational companies need to first find their niche, develop a comprehensive business plan and prove that they can deliver great services and add value to their customers.
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Economists and financial experts interviewed by Daily Trust expressed mixed feelings about the new policy and its immediate and long term implications.
They predicted a shock that will further shot up the dollar rates at the parallel market, which will stabilise in the long run. They also blamed the CBN for the downside of the expunged practice.
Emefiele also said the CBN will no longer continue registration of new BDCs as subsequent forex will be channelled through commercial banks.
The CBN governor said as part of the new forex sales policy, all commercial bank branches will create a separate desk for the purpose.
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