‘Risk managers must be alert to identify new risks in banking sector’
It appears too hasty to make this conclusion at this point in the year. However, we saw that the NPL ratio in the banking industry was on...
FCMB organises free training, tasks SMEs on economy
First City Monument Bank (FCMB) has urged small and medium scale enterprises (SMEs) to take the lead in driving the diversification and growth of the economy.
Presidency, others hail Olagunju’s contributions to economy
President Muhammadu Buhari and other stakeholders across different spheres of the economy have hailed the achievement of the former Executive Director...
Firm advocates alternative investment, FDIs for economic growth
An international growth service provider, Ocorian has announced plans to increase the inflow of Foreign Direct Investments (FDIs) into Nigeria...
FG uses technology to scale the largest government-led microcredit scheme in the world
The Government Enterprise and Empowerment Program (GEEP) is a micro-credit scheme of the Federal Government of Nigeria executed by the Bank of Industry. GEEP started in 2016 and has empowered 1.8 million micro-enterprises with collateral-free, interest-free loans to grow their businesses; making it the largest government-led microcredit program globally. GEEP beneficiaries are petty traders, merchants, enterprising youth, and agricultural workers in over 1600 clusters and markets across Nigeria.
BOI rolls out repayment scratch-cards for TraderMoni and MarketMoni Loans
The Bank of Industry has begun the roll-out of its voucher-based loan repayment recharge cards for the GEEP TraderMoni, MarketMoni, and FarmerMoni loans.
UN Commends TraderMoni as program scales with technology, reaches 30,000 new beneficiaries
The goal to provide financial inclusion for all Nigerians regardless of social class and economic status has made giant strides across the country as countless traders, artisans and farmers continue to laud the Federal Government for giving them a way to access credit for their businesses through the Government Enterprise and Empowerment Program (GEEP).
Xolane Ndhlovu: Winning with blockchain and cryptocurrency
A lot of people have been hearing a lot about the blockchain technology but don’t know what it’s all about. Doing away with the complex definition given by Wikipedia...
Development interventions remain our potent tool, says Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has vowed to sustain development interventions, which ensures cheap financing to boost...