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Nigerian Government orders all athletes to undergo drugs tests before Birmingham 2022

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Many small businesses struggle in this area due to time constraints, limited expertise, or a lack of systems. However, proper record-keeping should never be overlooked. It supports internal decision-making, strengthens external credibility, and improves your ability to respond to opportunities or risks. Business owners can start by gaining basic knowledge of accounting principles and tools. Training employees in simple record-keeping practices also helps to build internal capacity. In some cases, it may be worthwhile to engage professionals who can help you put the right systems in place and prepare essential reports at a cost that makes sense for your business. 3. Choose a Banking Partner Aligned with Your Goals The right banking relationship can make a real difference to your business. A bank like Absa Bank is more than a place to keep your funds. It is a partner that can support your operations, guide your financial planning, and help you take advantage of growth opportunities. Begin by understanding your business needs. These might include working capital support, payments and collections services, or trade finance. Once your needs are clear, assess whether your bank offers the right mix of services, accessibility, and expertise. Your banking partner should make it easier to run your business, not harder. They should share your ambition to grow, be responsive to your concerns, and provide solutions that are tailored to the stage your business is in. A strong banking relationship will give you confidence and peace of mind as you build your enterprise. 4. Deploy Effective Payment Solutions Revenue is the foundation of every business and the way you go about collecting it is key. In today’s economy, customers expect fast, simple, and secure payment options. If your business only accepts cash, you may be turning away potential sales without realising it. Providing customers with flexible payment options is no longer a luxury. It is a necessity for growth and long-term relevance in a digital economy. Offer customers alternatives such as instant bank transfers, mobile money, card payments through point-of-sale devices, or more innovative solutions like Absa Mobi Tap to improve your customer experience and increase your reach. These methods reduce delays, enhance transaction security, and demonstrate professionalism. 5. Meet Statutory Obligations Promptly Every business has legal and regulatory responsibilities. These include filing and paying taxes, submitting Social Security and National Insurance Trust contributions, and meeting other sector-specific requirements. Complying with these obligations on time helps you avoid penalties and disruptions. It also builds your business’s reputation and improves your standing with financial institutions and regulators. To stay compliant, you should adopt a legal structure that suits your business model and goals. You may also wish to seek legal or tax advice at key points in your journey. Planning ahead for obligations such as annual tax payments or quarterly filings ensures that you are not caught off guard. Meeting your statutory responsibilities consistently is a mark of a well-run business. 6. Manage Your Risks Running any business involves risk. These risks may include delayed payments from customers, unexpected costs, economic downturns, or even natural disasters. For small businesses operating with limited resources, such events can be difficult to absorb. This is why risk management must be part of your financial routine. Start by identifying the main risks that could affect your business. Put in place basic measures to protect your operations. This could mean setting aside emergency reserves, purchasing insurance, or diversifying your income streams. Being proactive about risk does not eliminate uncertainty, but it helps you stay in control when challenges arise. It also signals to lenders, partners, and customers that your business is prepared and resilient. 7. Separate Business and Personal Finances It may be tempting to treat your business account as your personal wallet, especially in the early stages. However, failing to separate your business and personal finances can lead to confusion, tax problems, and credibility issues. As a business owner, you should pay yourself a fixed salary. Avoid withdrawing funds at random or covering personal expenses with business income. If you invest personal funds in the business, document it properly as a loan or equity contribution. Keeping your finances separate helps you maintain clear records, assess business performance accurately, and present your enterprise in a more professional light to partners, banks, and regulators. At Absa Bank, we believe that strong financial habits form the backbone of every successful enterprise. Our commitment is to walk with our clients and customers at each stage of their journey, providing guidance, tools, and solutions that help SMEs grow sustainably and with purpose.

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Home Sports International Sports

Nigerian Government orders all athletes to undergo drugs tests before Birmingham 2022

in International Sports
Nigerian Government orders all athletes to undergo drugs tests before Birmingham 2022
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The Nigerian Government has ordered that all of the country’s athletes be drugs tested before they depart for the 2022 Commonwealth Games, which are due to start in Birmingham next month, in a bid to avoid a repeat of the scandal at last year’s Olympic Games in Tokyo.

The Minister of Youth and Sports Development Sunday Dare announced the directive at the Moshood Abiola National Stadium in Abuja during a meeting with stakeholders of Nigeria’s team.

Dare warned that Nigeria will not hesitate to drop any athlete who attempts to dope after sprinter Blessing Okagbare was banned from competition for 10 years by the Athletics Integrity Unit (AIU) for three anti-doping offences which prevented her from taking part in the re-arranged Olympic Games in Tokyo.

“We will prefer to come back from the Games without medals rather than being embarrassed a second time, there must be no exceptions,” said Dare, as reported by the Premium Times.

With fewer than two months remaining until Birmingham 2022 is due to open on July 28, Dare revealed that the Ministry is working closely with the Nigerian Olympic Committee to ensure that the delegation’s accommodation, testing, ticketing, and kits are taken care of in good time.

The Athletics Federation of Nigeria President Tonobok Okowa has also spoken of his determination to ensure there is no repeat of previous doping failures.

As well as Okagbare’s offence, the organisation had to apologise during last year’s Olympics as 10 of its athletes were declared ineligible to compete after the AIU ruled that they were not tested rigorously enough in the run-up to the Games.

Nigeria has participated at 14 Commonwealth Games since making its debut at Auckland 1950.

Nigeria is set to take approximately 100 athletes in judo, athletics, boxing, weightlifting, table tennis, wrestling, Para table tennis, Para-athletics, and Para-powerlifting to the English city.

The nation has achieved 236 medals, including 70 golds, 75 silvers and 91 bronzes.

Okagbare won the 100 and 200 metres at the 2014 Commonwealth Games in Glasgow, along with a silver in the 4x100m relay.

She was also a member of the 4x100m relay team that won the bronze medals at Gold Coast 2018.

At Gold Coast 2018, Nigeria overall won nine gold, nine silver and six bronze medals with Suwaibidu Galadima winning the only title on the athletics track with 100m T47 gold.

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