Nigeria's federal government, after the oil boom of the 1970s, created policies, including the SMEDAN initiative, to trigger socio-economic development through entrepreneurship and small business development. Notwithstanding the importance of SMEs' socio-economic development and the Nigerian...

Small businesses are recognized worldwide as a catalyst of socioeconomic development. Like all developed and developing countries, due to the economic importance of SMEs, the federal government of Nigeria is developing policies and strategies to diversify its economy from total dependence on...

When entrepreneurs discover an opportunity, they take the risk of exploiting it by sourcing resources and applying them to develop the product or service, offer the product to customers through the relevant market, gather the appropriate human resources, and satisfy all the stakeholders. It is,...

Entrepreneurs are faced with enormous risks when investing in an entrepreneurial idea. A creative entrepreneur converts a recognized idea, otherwise known as an opportunity, into a new venture or improves on the existing venture, otherwise called innovation. An invention that will add value to...

The study focused on the cost-to-income ratio (CIR) as a measure of efficiency and its impact on bank performance of tier 1 and tier 2 banks in Nigeria. The results revealed that the impact of CIR on return on assets (ROA) is negative and significant, reflecting the detrimental effect of high...

This study examines the nexus between liquidity and credit risks and their impact on bank stability in Nigeria. In order to achieve the research objectives, this study utilizes secondary data, which covers 12 Nigerian banks from 2010 to 2021. The Generalized Method of Moment (GMM) was estimated...

Small business enterprises are important to the economic growth of Nigeria because small businesses make up 97% of the economy and contribute 70% of the country’s job opportunities. Notwithstanding the importance of small businesses in the Nigerian economy, 80% fail within the first five...

Purpose- The purpose of the paper is to provide owners and managers of small businesses with necessary information about the challenges facing small businesses in Nigeria and present the possible tools, policies, and strategies to mitigate them.Design/Methodology- Using the multi-case...

Objective: Critical success factors models for SMEs provide information to SMEs that were utilized to develop policies and strategies for best business practices that will mitigate failures. The objective was to review SME articles and books to identify CSFs influencing their success.Design: The...

There is a dark side to the psychological contract that exists between employers and employees. This dark side is demonstrated by how corporations use a positive reputation to close their job openings when the companies’ leadership and management already know the organization functions with a...