200 million MSMEs lack financing – AMCON
EUCLID MYKE, Abuja ABOUT two billion adults worldwide do not have basic bank account just as 59 per cent of adults cannot fund their accounts due to lack of funding and also 200million formal and...
View ArticleAfter committing N500m, Sterling Bank Plc is lead promoter of environmental...
…Partners FG to end rice importation COMFORT EKELEME, Asst Business Editor Worried by the current poor state of the environment in the country, Sterling Bank Plc, the One Customer Bank has in the last...
View ArticleBoI funds Aba leather industry to improve output
The Bank of Industry (BoI) has commenced making funds available to leather manufacturers in Aba to improve their quality and productivity.This was the outcome of the Memorandum of Understanding (MoU)...
View ArticleFidelity Bank holds stream 5, celebrates EPM’s 1 year anniversary
COMFORT EKELEME Fidelity Bank Plc said it has concluded plans to celebrate the first anniversary of its highly regarded Export Management Programme (EMP). Launched in 2016, the EMP is a sector focused...
View ArticleLagos bans inter-state buses, vehicles along Ikorodu Road
...Gives Operators 7-day ultimatum to move to Berger, Ojota Parks The Lagos State Government on Wednesday announced the restriction of the operation of inter-state buses and vehicles operating along...
View ArticleCBN pledges to tame inflation, reduce interest rates
COMFORT EKELEME The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said the apex bank would continue to explore further avenues to ensure that interest rates are supportive of domestic...
View ArticleSON positions for more efficient service delivery
EUCLID MYKE, Abuja The Standards Organisation of Nigeria (SON) in a bid to strengthen service delivery to Nigerians and the international community has constituted a Service Compact with Nigerians...
View ArticleFG plans N100bn Sukuk fund spent on road infrastructure – DMO
The N100billion targetted by the Federal Government from the Islamic bond, Sukuk, will be spent on critical road infrastructure across the country, the Debt Management Office has said.The...
View ArticleMAN frowns at Morocco admittance into ECOWAS
Manufacturers Association of Nigeria (MAN) has vehemently opposed the admission of Morocco into the Economic Community of West African States (ECOWAS) union. The Association warned the Federal...
View ArticleNigerian inflation slows for seventh month in August to 16.01 %
National Bureau of Statistics (NBS) Friday said annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 per cent.The rate of annual inflation was 0.04 per cent lower than in...
View ArticleExternal reserves hits $33bn, black market dead officially
COMFORT EKELEME The Central a Bank of Nigeria (CBN) has disclosed that the external reserve has risen to $33 billion.However, the increases in the foreign exchange reserves are attributable to oil...
View ArticleFMDQ approves registration of Wema Bank ₦50.00bn CP Programme
COMFORT EKELEME FMDQ OTC Securities Exchange said it has welcomed the Wema Bank ₦50.00 billion Commercial Paper (CP) Programme to its platform. This CP Programme registration strategically positions...
View ArticleHeritage Bank, Cross River, Ita Giwa join forces on climate change
COMFORT EKELEME Heritage Bank Plc, has aligned forces with Cross River State and Senator Florence Ita Giwa-led Seagull Band to educate the people on Climate Change: A time for Change. The event which...
View ArticleNigerian government grants Dangote 10-year tax incentive
Nigerian government has granted a 10-year tax incentive to Dangote Group.The incentive is for the construction and rehabilitation of roads.Minister of Power, Works and Housing, Babatunde Fashola, made...
View ArticleMost Nigerians are against devolution of powers-Rep. Kannike
Hon. Abubakar Amuda-Kannike is the Deputy Chairman of the House of Representatives Committee on Works and represents Ilorin East/South federal constituency of Kwara state on the platform of the ruling...
View ArticleMore airports, fewer airlines
As mixed reactions trail the proposed concession of viable airports in the country, COSMAS OKEREAFOR in this analysis insists that the move will be counterproductive and challenges the Federal...
View ArticleNaira crashes further against dollar as CBN vows to punish banks
The naira on Monday dropped further to 370 per United States dollar in the parallel foreign exchange market.This indicates that Nigerian currency depreciated against the dollar by N2 over the...
View ArticleFx directive: Stiff penalty awaits defiance banks
COMFORT EKELEME The Central Bank of Nigeria (CBN) has said it would not hesitate to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing them to, among...
View ArticleAfDB advocates linkage between policy-makers for food security
The African Development Bank (AfDB) is advocating closer linkages between development partners and policy-makers to enhance the informal sector’s contribution to building an African food and cuisine...
View ArticleExperts see private capital, as solution to infrastructure financing
COMFORT EKELEME Investment and finance experts at the weekend reached a consensus that the solution to inadequate infrastructure financing lies in private capital funding.According to them, for the...
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