Unexpected disruptions—whether economic, technological, or natural—can cripple a business. In Nigeria, SMEs face unique challenges such as unstable power supply, regulatory shifts, and market volatility. A well-designed business continuity strategy ensures organisations remain resilient in the face of these risks. 1. Conduct a Risk Assessment Begin by identifying potential threats: supply chain interruptions, IT breakdowns, […]
For Small and Medium Enterprises (SMEs) in Nigeria, corporate governance is more than just a buzzword—it is a framework for sustainable growth, accountability, and risk management. Without effective governance, many SMEs struggle with investor confidence, compliance, and long-term stability. 1. Clear Leadership & Accountability Every SME must establish defined leadership structures with clear roles and […]