For companies doing business overseas, the uncertainty of the foreign exchange rate between the time a deal is made and when payment is complete comes with a high profit margin risk.
The tourism industry has proved to be resilient, strong and passionate, and will undoubtedly rebuild to be different in a good way. Travelers will continue to look towards the experts when it comes to planning their trips.
We are pleased to announce that the U.S. Agency for International Development (USAID) has launched the USAID/Nigeria COVID-19 Food Security Challenge. Through this challenge, USAID will offer $3 million in funding and technical assistance to youth-led companies (up to age 29) and mid-stage companies (those having an existing customer base of more than 1,000 people) in Nigeria to mitigate the impact of COVID-19 on Nigeria’s agri-food systems.
2021 has brought some good news to many businesses; the sigh of relief came with the roll out and approval of effective Covid-19 vaccines signifying a possible return to global business activities.
Also, Nigeria’s exit from recession shows hope for many businesses to bounce back after the devasting impact of lockdown.
