SMEs Loan: CBN Lauds Enugu Govt. for Prudent Mgt.

CBN-Enugu state images
image: radionigeriaenugu.com

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For a job well done, The Central Bank of Nigeria (CBN) lauded Governor Ifeanyi Ugwuanyi’s administration for managing wisely the N2bn loan for Micro, Small and Medium Enterprises Development Fund (MESMEDF) to Enugu State. Continue reading SMEs Loan: CBN Lauds Enugu Govt. for Prudent Mgt.

GTBank Holds Fashion Weekend to Promote SMEs, others

GTBank logoHello Reader,

In strategic and continued efforts at showcasing the best of Africa’s fashion to a global audience, Guaranty Trust Bank Plc declares the Small and Medium-scale Enterprises (SMEs) in the fashion industry and fashion lovers all over the world will witness a superior Continue reading GTBank Holds Fashion Weekend to Promote SMEs, others

Challenge 2017: USPF Tasks Youths to Innovate Solutions to Nation’s Problems

USPF-CMH-logoHello Reader,

Through a nationwide contest open to young innovators, The Universal Service Provision Fund (USPF) is challenging Nigerian youths to use their ingenuity to solve significant problems and Continue reading Challenge 2017: USPF Tasks Youths to Innovate Solutions to Nation’s Problems

MSMEs: Positioning Your Business for Financial Help

 

Currencies bundles
bundles of currencies

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It’s often said, if wishes were horses, everyone would ride. But wishes are no horses; hence many are not riding. And one may be tempted to ask why all wishes are not attained.  Anyway, part of the reasons may be that horses are Continue reading MSMEs: Positioning Your Business for Financial Help

GEEP: BoI Partners Diamond Bank on Loans to Artisans, Others

BoI

                    Diamond Bank logo

                       Hello Reader,

Under the umbrella of the Government Enterprise and Empowerment Programme (GEEP), The Bank of Industry (BoI) declared it has collaborated with Diamond Bank to give soft loans to traders, farmers, artisans, Continue reading GEEP: BoI Partners Diamond Bank on Loans to Artisans, Others

Sterling Bank Supports Innovation Challenge in Healthcare

Sterling Bnak logo

 

 

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Motivated by the poor health services within the country, Sterling Bank , “The one-customer bank” threw its weight behind sponsorship of the 2016 edition of the Nigerian Service Delivery Innovation Challenge organized by the Federal Ministry Continue reading Sterling Bank Supports Innovation Challenge in Healthcare

Innovations and New Reward System for Civil Servants-HOS

Winifred-Oyo-Ita
Oyo-Ita, image: nta

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Keeping up with innovations in the civil service, the Head of Service (HOS) Mrs Winifred Oyo-Ita has disclosed that the Federal Government would introduce a new reward system for civil servants.

                                      Continue reading Innovations and New Reward System for Civil Servants-HOS

365 Days: Breaking the Odds against Set Goals

Clock
      Clock:
image-123rf.com

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Bravo, it’s another year and the 365 days calendar clock is gradually ticking away, and before long, it will be another happy New Year and the cycle of life continues! Meanwhile, we thank God for life and all blessings associated with it.

Generally, it is customary to take stock of the past year in order to determine that which worked or that which didn’t work, for individuals, families, organizations, governments, and

Continue reading 365 Days: Breaking the Odds against Set Goals

Buhari, Obasanjo To Lead South-East Economic and Security Summit

 

Buhari, Obasanjo
Buhari, Obasanjo
image: premiumtimesng.

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 As part of the on-going strategies for economic recovery, growth and security within the country, President Muhammadu Buhari and former President, Olusegun Obasanjo are expected to lead other prominent dignitaries and delegates to the maiden edition of the South-East Economic and Continue reading Buhari, Obasanjo To Lead South-East Economic and Security Summit

Creativity: Two Students Invent Irrigation Device in Benue

Benue Inventor-students,
Gov. Ortom, Inventors,
officials, image: trezzyhelm

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As the wind of creativity and innovation continues to blow across the country, two students of Benue origin recently invented a device for irrigation of food crops and other agro plants. The two youngsters, Joseph Orya of Mount Saint Gabriel’s Secondary School, Makurdi and Joshua Ichor of Continue reading Creativity: Two Students Invent Irrigation Device in Benue

Reducing Harvests of Fire Incidents in Our Societies

Fire-fighting team
Fire-incident
image: onsl.org

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You will agree with me that it doesn’t make sense working so hard to create wealth from the beginning of the year or at any other time, only to lose it in a twinkle of an eye due to fire incident, when a little care or adjustment in Continue reading Reducing Harvests of Fire Incidents in Our Societies

Pres. Buhari Congratulates Okoro, Ogwumike for Global Achievements

Sandie-Okoro
Sandie Okoro :
Image-youtube.com

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President Muhammadu Buhari has applauded Ms Sandie Okoro on her recent appointment as Senior Vice President and General Counsel, World Bank Group. PMB also congratulated Ms Nnemkadi Ogwumike on her smash-hitting success in the Continue reading Pres. Buhari Congratulates Okoro, Ogwumike for Global Achievements

Enugu Commits To Youths Entrepreneurial Skills Acquisition

Gov. Enugu-State, Ifeanyi Ugwuanyi
Ifeanyi Ugwuanyi

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Within the concept of skills acquisition for wealth creation, Governor Ifeanyi Ugwuanyi of Enugu State noted that the conscious and continuous empowerment of youths is essential to any society’s development, especially in the face of the Continue reading Enugu Commits To Youths Entrepreneurial Skills Acquisition

Forex: CBN Increases Liquidity, Grants Manufacturers Inter-Bank Access

CBN Building
CBN
Photo: Pulse.ng

 

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In a bid to ease business activities and reduce pressure on the parallel market, manufacturing industries in Nigeria have been granted access to over $660m foreign exchange through the inter-bank forex market, to source Continue reading Forex: CBN Increases Liquidity, Grants Manufacturers Inter-Bank Access

Erisco Foods Relocation Notice and A Bird in the Hand Scenario

Erisco Foods Manufacturing
Erisco Foods Ltd- Tomato paste

 

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It’s often said that a bird in the hand is worth two in the bush. Why this assertion holds may be because one is not sure of how to reach the birds in the bush, due to logistics: distance, finance, means of transportation, weather conditions, right tools, unforeseen circumstances, and Continue reading Erisco Foods Relocation Notice and A Bird in the Hand Scenario

Innovation: Lagos Deep Sea Port Will Bring Global Growth-Gov Ambode

Governor Lagos State
Akinwunmi Ambode:
image-guardian.ng.com

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With the wind of diversification and innovation blowing across the country, the Lagos state Governor Akinwunmi Ambode is positive that the US$2.6billon Badagry Deep Sea Port Project will produce global growth to Continue reading Innovation: Lagos Deep Sea Port Will Bring Global Growth-Gov Ambode

Nigeria’s Okonjo-Iweala Among International Advisory Panel For Asian Bank

Dr Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala:
image-Leadership.ng

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A two-time Nigeria’s Minister of Finance, Mrs Ngozi Okonjo-Iweala, has been appointed a member of the international advisory panel of Asian Infrastructure Investment Bank (AIIB).

In a statement made available to newsmen on Continue reading Nigeria’s Okonjo-Iweala Among International Advisory Panel For Asian Bank

Enterprise Promotion: Bethlehem Alemu is GTBank’s Face of Fashion Weekend

GT Bank Fashion Weekend Poster
GTBank poster
image-thecitizenng.com

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As part of the on-going preparations towards GTBank’s Fashion Weekend, tagged “Promoting Enterprise” the bank, on Tuesday, unveiled born and bred Ethiopia’s Bethlehem Tilahun Alemu,  businesswoman, founder and executive director of Continue reading Enterprise Promotion: Bethlehem Alemu is GTBank’s Face of Fashion Weekend

SMEs: World Bank, Others Agree On Funds for Development Bank of Nigeria-Adeosun

Kemi Adeosun
Kemi Adeosun:
image-newmail-ng.com

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The Federal Government has disclosed it has reached agreement with the World Bank Group and other development partners to release the sum of 1.3 billion dollars to kick-start the Development Bank of Nigeria. The information was disclosed Continue reading SMEs: World Bank, Others Agree On Funds for Development Bank of Nigeria-Adeosun

Forex:Erisco Foods May Sack And Relocate Unless…

 

Erisco parboiled rice
Erisco Rice:
image-Erisco

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The inability of indigenous manufacturers to access foreign exchange in spite of the Central Bank’s promise of 60 per cent foreign exchange allocation to them, may force Erisco Foods Limited to sack about 1500 workers and shut down company in the imminent, if Continue reading Forex:Erisco Foods May Sack And Relocate Unless…

Trust, Payable on Demand, Hallmarks of Good Pension Scheme-OBJ

Former Nigeria's President-OBJ
Olusegun Obasanjo:
image-pulse.ng

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Former Nigeria’s President, Olusegun Obasanjo has reiterated that the hallmarks of a good pension scheme are trust and accessible payment on attainment of retirement and on demand. Chief Obasanjo maintained that Pension funds are something we Continue reading Trust, Payable on Demand, Hallmarks of Good Pension Scheme-OBJ

Diversification:Anambra Exports Vegetables to The US

Anambra Exports
Anambra Exports
image:absradiotv.com

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You may call it creativity, enterprise, innovation or diversification, but the most important is that home businesses are being developed for export and international patronage. Meanwhile, the news of Anambra state in Nigeria, exporting cooking leaves Continue reading Diversification:Anambra Exports Vegetables to The US

GTBank Unveils Fashion Weekend for Enterprise Promotion

 

Gurantee Trust Bank
GTBank
image: accessgambi

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As part of its initiatives to promote enterprise values in our society through capacity building, and to strengthen small businesses in key economic sectors, Africa’s Leading bank, Guaranty Trust Bank Plc, has disclosed the unveiling of its Continue reading GTBank Unveils Fashion Weekend for Enterprise Promotion

CBN Retains Monetary Policy Variables, As Banks Thwart Lending Directives

 

CBN Building
CBN
Photo: Pulse.ng

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In what seemed a surprise to many, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retained all the monetary policy instruments at their current levels. By this move, the CBN tightened monetary measures rather than Continue reading CBN Retains Monetary Policy Variables, As Banks Thwart Lending Directives

Recession: Survival Strategy, Thinking Outside the Box

Out of box
Outside the box

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Over the years and around the globe, the words economic downturn, recession or depression may not be new, as the world experiences these phenomena from time to time, in decades or thereabout. The word ‘Recession’ is a noun meaning, a period of reduced activity of trade. It is gotten from the Continue reading Recession: Survival Strategy, Thinking Outside the Box

Zuckerberg Meets Buhari, Lauds Nigeria’s Energy and Entrepreneurial Spirit

PMB, Zuckerberg. others
Pres. Buhari,   Zuckerberg :
image: pulse.ng

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It was an interesting event as President Muhammadu Buhari on Friday commended the Chief Executive Officer and Co-founder of social networking website, Facebook, Mark Zuckerberg, for sharing his wealth of knowledge with Nigerian youths, and inspiring a new generation of Continue reading Zuckerberg Meets Buhari, Lauds Nigeria’s Energy and Entrepreneurial Spirit

Entrepreneurship: Veritable Solution To Achieving Poverty Reduction – Elumelu

Tony O. Elumelu
Tony Elumelu-image:allafrica.com

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Entrepreneurship has been recognized as an effective solution to attaining poverty reduction in the country. While presenting a paper at the National Institute of Policy and Strategic Studies (NIPSS) in Kuru, Plateau State, captioned: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: Continue reading Entrepreneurship: Veritable Solution To Achieving Poverty Reduction – Elumelu

Customs Seize 31 Containers of Rice Over False Declaration

Nigeria Customs Service
NCS seizures-image:
Citybusinessnews.com

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As part of the intensified efforts at curbing illegal importation of goods into the country, The Nigeria Customs Service (NCS), at Tin-Can Island Command has impounded 31 containers made up of about 14,000 bags of rice. Addressing journalists on Friday, the Comptroller General of Customs, Col Hameed Ali (rtd), who was represented by Continue reading Customs Seize 31 Containers of Rice Over False Declaration

MAN Concerned About Raw Materials, Contracting Profits, Job Loss

 

 

MAN logo
MAN-image:
jjumac.com

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Consequent upon the latest figures released by the National Bureau of Statistics (NBS) which reported downwards for the manufacturing sector, the Abuja Chamber of Commerce and Industry has declared that the inability of manufacturers to secure foreign exchange for the importation of basic raw materials for production has led to loss Continue reading MAN Concerned About Raw Materials, Contracting Profits, Job Loss

The Nigeria Customs Service Posts N385.7bn Revenue First half Year 2016

NCS photo
NCS-Image:
LinkedIn.com

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As part of the statutory requirements for public offices regarding accountability, transparency, and global best practices, among others, The Nigeria Customs Service (NCS) has declared it generated N385.7billion from business proceeds in the first half of the year, compared to Continue reading The Nigeria Customs Service Posts N385.7bn Revenue First half Year 2016

FIRS Goes Tough, Seals Firms Over Unpaid Taxes

FIRS- Image
FIRS-Image:
Howng.com

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In major tax drives within the country, The Federal Inland Revenue Service (FIRS) tax enforcement teams on Monday sealed some companies in Abuja, Lagos, and Asaba, over N715million unpaid taxes. The first company sealed by the Abuja FIRS enforcement team led by Chinazo Edeh was the Continue reading FIRS Goes Tough, Seals Firms Over Unpaid Taxes

NNPC: Deregulation And The Latest Kerosene Price Fix

 

NNPC-logo
NNPC-image:
Nigerianmonitor.com

 

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In yet another move at deregulating the downstream sector and to ease the supply, purchase and use of kerosene within the country, The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) announced that the Nigeria National Petroleum Corporation (NNPC) has officially fixed the new depot price of kerosene at Continue reading NNPC: Deregulation And The Latest Kerosene Price Fix

Internet Users On Telecoms Networks Drop -NCC

 

Nigerian Communications Commission
NCC- Photo: Championnews.com.ng

Hello Reader,

The Nigerian Communications Commission (NCC) in its June 2016 report confirmed that Nigeria’s internet users on telecommunications networks have dropped to 92,281,921. The information was made known by the commission during its monthly Internet Subscriber Continue reading Internet Users On Telecoms Networks Drop -NCC

Cheques To Be Deposited Into Savings Accounts–CBN

Central Bank of Nigerian-logo
CBN – Photo: Nigerianmonitor.com

 Hello Reader,

As part of the many moves to strengthen the Nigeria’s payment system and the banking sector, The Central Bank of Nigeria released four new guidelines Tuesday August 02, for the banking industry, authorizing bank customers to make cheque deposits into their savings accounts. The new guidelines were contained Continue reading Cheques To Be Deposited Into Savings Accounts–CBN

FG Signs Power Agreement, Raises Hope for 6000 Megawatts End 2016

Electricity grid
Power grid

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Good news as Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola has assured that the country’s electricity generation will hit 6,000 megawatts by December 2016, going by the measures so far put in place to achieve optimum electricity supply to Continue reading FG Signs Power Agreement, Raises Hope for 6000 Megawatts End 2016

CBN-Monetary Policy Committee 14% MPR Decision: Implications, Outlook

 

CBN Building
CBN
Photo: Pulse.ng

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As part of the anti-inflationary policy aimed at keeping the value of the Naira stable, The governor of The Central Bank of Nigeria (CBN), Godwin Emefiele, declared that the Monetary Policy Committee (MPC) has voted to raise its Monetary Policy Rate (MPR) to 14%. The new vote by the Committee raised the MPR by Continue reading CBN-Monetary Policy Committee 14% MPR Decision: Implications, Outlook

Anambra’s $5m Vegetable Export to Europe and Lessons for All

Chief Willy Obiano
Willie Obiano
Photo: Inlandtown.com

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It was a great occasion for the people of Anambra state who gathered in Abuja the North central part of Nigeria recently as their Governor Willie Obiano gave a recap of his administration’s accomplishments in his two and half years as governor of the state. The governor confirmed that in a move to highlight the importance of diversifying the economy and to attract more industries Continue reading Anambra’s $5m Vegetable Export to Europe and Lessons for All

Nigeria’s Inflation Hits All-Time High in Eleven Years

Nigeri'as inflation rate
Nigeria’s inflation rate:
chart:Tradingeconomics.com. /NBS

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Mixed reactions, surprises, as the Consumer Price Index (CPI) measuring inflation in the Nigerian economy hit its highest point of 16.5 per cent since 2005. According to the report released by the National Bureau of Statistics (NBS), the country’s inflation for the month of Continue reading Nigeria’s Inflation Hits All-Time High in Eleven Years

NCC Posts N70Bn, Bags Euro Award for Best Practices 2016

Nigerian Communications Commission
NCC – Photo: Championnews.com.ng

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Good news it is, as the Nigerian Communications Commission (NCC) confirmed it posted N70 billion proceeds into the Federation Account in the last one year. The information was made known in an official statement released in Abuja on Monday Continue reading NCC Posts N70Bn, Bags Euro Award for Best Practices 2016

PENGASSAN, NUPENG Disagree On Strike

 

Pengassan, Nupeng
Oil & Gas Unions
Photo: Thebreakingtimes.com

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A strike too many you may say, but how about the unsettled issues? However, it appears the Leaders of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) are set for a show down following Continue reading PENGASSAN, NUPENG Disagree On Strike

Recession: Catalyst For Self-Employment And Entrepreneurship?

Entrepreneur
SE-Entrepreneurship

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It’s no longer hidden that the recession days are here going by the low economic activities, high inflation rates, unstable foreign exchange, job losses, and unemployment among others. The high unemployment rate is making many people, the educated and the uneducated, roam the streets in search of jobs or businesses, even years after Continue reading Recession: Catalyst For Self-Employment And Entrepreneurship?

Fidelity Bank Partners Gazzelle Academy, UNN On Youths Empowerment

Skills Acquisition
Skills Acquisition
Photo: fidelitybank.ng

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As part of their Corporate Social Responsibility initiatives and in a wave of skills acquisition and youth empowerment, Fidelity Bank Plc strategically partners Gazelle Academy Center and University of Nigeria Nsukka (UNN) to train and empower about 300 Nigerian youths with top level entrepreneurial skills. Continue reading Fidelity Bank Partners Gazzelle Academy, UNN On Youths Empowerment

FG Directs Banks To Suspend Staff Retrenchment

 

Dr Chris Ngige
Chris Ngige
photo:Tribuneng.com

 

 

Hello Reader,

Good news you may say, as FG advises banks to stop staff cutback. But, where will the salaries come from in a momentary not so good economy? Any better available options? However, in a statement signed by Nigeria’s Minister of Labour and Employment, Dr Chris Ngige, and made available to newsmen Continue reading FG Directs Banks To Suspend Staff Retrenchment

Forex: CBN Approves Open Exchange Rate Policy, Modus Soon

CBN Gov-Emefiele
Godwin Emefiele
Photo: Guardian.ng

Hello eader,

Following a two-day meeting of the Monetary Policy Committee (MPC), of the Central Bank of Nigeria, (CBN), Godwin Emefiele, the CBN governor declared that the MPC voted in unison to adopt a flexible exchange rate policy. A move he said, will re-establish the unconscious adjustment Continue reading Forex: CBN Approves Open Exchange Rate Policy, Modus Soon

Labour Demand For New Minimum Wage, In Order-Sen Ngige

Dr Chris Ngige
Chris Ngige
photo:Tribuneng

 

 

 

Hello Reader,

Good news you may say, contrary to the general believe that there will always be friction between the government and Labour anytime labour makes demand for wage increase. However, it was gladdening as Nigeria’s Minister of Labour and Employment Senator Chris Ngige confirmed that the demand by labour for new minimum wage Continue reading Labour Demand For New Minimum Wage, In Order-Sen Ngige

Fuel Subsidy Not Removed, System Deregulated-VP Osinbajo

VP-Osinbajo
Yemi Osinbajo
Photo: twitter

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After months of night vigils at the filling stations in search of fuel, Nigerians woke up May 11, to a new fuel price of N145/litre, against N86.50 previously sold, and the federal government says the reason being to deregulate the oil and gas system in order to Continue reading Fuel Subsidy Not Removed, System Deregulated-VP Osinbajo

African Countries Need Tools, Mechanisms-Okonjo-Iweala

Dr Okonjo-Iweala
Ngozi-Okonjo-Iweala

Dr Ngozi Okonjo-Iweala, the immediate past Nigeria’s minister of finance, has affirmed that African countries need tools, mechanisms to build resilience. Speaking on “Inequality, Growth and Resilience,” at George Washington University on Thursday, the Nigeria’s  two-time minister of finance, said that Continue reading African Countries Need Tools, Mechanisms-Okonjo-Iweala

Energy, Power and the MWs Blood Pressure

Electricity grid
Power grid

Hello Reader,

The rising and falling megawatts blood pressure springboard reminds me of my childhood experience learning to write the letter ‘S’. Then I was mentored to drag my pencil in an upward and downward movement, whilst repeating: it’s gone up, it’s come down, in excitement, even though an exercise I never Continue reading Energy, Power and the MWs Blood Pressure

Attitude and Currency Depreciation

patirole.com-logo

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When we bury money inside holes or stash it in homes, we hinder it from circulation, create artificial scarcity and also render money unproductive. As a result, we defy one of the rules of economics that money is used as a factor of production. In like manner, when a house-help is given some money Continue reading Attitude and Currency Depreciation

New Year: Setting Goals that Work

patirole.com-logo

 

Hello Reader,

Congratulations, it’s another beautiful year and it’s often said, “New Year, New You”, meaning new things and new changes are expected in anyone’s life or business. Meanwhile, a lot of diverse things happened in the past year, but this may not be the time to cry over spilt milk especially as we can’t change anything. But in spite of all Continue reading New Year: Setting Goals that Work

Innovation’s Strategy-Filling the Needs Gaps

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The idea of innovation, improvement or modernization can only be great if it creates value, is affordable, and meets the desired expectations. But innovation can be a flop when it does not offer value, is out of reach, and fails to meet the desired needs. New products and different mixes emerge Continue reading Innovation’s Strategy-Filling the Needs Gaps

Drivers without Conscience

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Have you ever been deprived of something you strongly believed belonged to you and you never got it back due to someone else’s mistake or sheer case of deprivation, in the home, in business, in the school, in the workplace or in relationship? Have you at any time been short-changed when it was obvious you deserved the best? Have you ever experienced the recklessness of a hit and run driver, private or commercial? If so, then read on, you are not alone! Continue reading Drivers without Conscience

Overcoming Business Competitors

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Competition, no doubt drives many businesses to increase and companies will be unable to grow without the support or patronage from you and me and all of us, as customers. In order for companies to grow, they compete for the limited number of customers available, exploiting every known marketing strategy to increase their profit and also acquire the greater market share. Continue reading Overcoming Business Competitors

Identifying and Applying one’s Creative Potentials

Hello Reader, I hope you’re enjoying the best of the New Year.

The topic before us today is “identifying and applying one’s creative potentials”, simply put as “discovering and using one’s original abilities”. The word creative is an adjective and means Continue reading Identifying and Applying one’s Creative Potentials

Breaking Free From Unfruitful Practices

Hello Reader,

I believe you’re doing great this season as I welcome you to today’s episode.
In my last piece I mentioned that my greatest desire was to help people break free from unfruitful practices and to see them change to living positively with greater results. Today, I’m still committed to achieving my mission by advising you the reader, to get committed with me in this task so we can all enjoy better lives in a better world. In simple terms, the word unfruitful is an adjective and means Continue reading Breaking Free From Unfruitful Practices

Business Start-Ups-Titbits

Hello reader,

Wanting to start your own business but finding it difficult? Is it the choice of business to launch into? Have you identified the business type but finance is now the issue? Is it the boldness or confidence to start that is lacking? Is it location that is the problem? The answers to your queries are here! First, look within and around you and write out the following: Continue reading Business Start-Ups-Titbits