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...
Building a long lasting business
Building a business that lasts beyond a business owner is the dream of most entrepreneurs, with the exception of those that have an exit plan.
Disrupting credit: how GEEP is enabling access to affordable credit, solving the collateral problem
With a population of over 190m, Nigeria has over 30 million MSMEs employing over 60 million of the population and contributing about 85% of our total labor force in the country. Micro, Small and Medium businesses have been the bedrock of the Nigerian economy. But a lot of them continue to remain at the same level because they lack access to funding from commercial banks; the average Nigerian MSME owner does not have a collateral, and cannot afford the interest rate charged by banks. Consequently, these businesses have remained at subsistence level; unable to utilize the opportunities in the Nigerian economy to grow.
What you need to know and ten cogent reasons Nigeria cannot afford new housing law!
According to Maslow’s hierarchy of needs theory, shelter is one of the basic needs of man and ranks next only to air, food, water and sleep.
With TraderMoni, FG is Spurring Productivity at the Grassroots
In line with the Federal Government’s plan to diversify the Nigerian economy beyond crude oil, attention has been turned to micro-businesses in the informal sector. Rather than focus solely on the formal sector, the Muhammadu Buhari administration is working with an overlooked, yet critical, contributor to the Nigerian economy. The informal sector remains vital to reducing unemployment; it also bridges several gaps between the formal sector and the masses.
FG boosts financial inclusion with TraderMoni
With over 23 million Nigerians financially excluded, the introduction of TraderMoni by the Federal Government in conjunction with Bank of Industry could not have come at a better time.
Unending bank customers’ rip-off over failed transactions
Five months after a new Central Bank of Nigeria (CBN) directive to banks to ensure a speedy and timely reversal of funds arising from failed transactions...
Stanbic IBTC Pensions, others receive ISO certifications
Stanbic IBTC Asset Management Limited,Stanbic IBTC Trustees Limited, and Stanbic IBTC Pension Managers Limited, members of Stanbic IBTC Holdings Plc...
What Really is TraderMoni?
The TraderMoni scheme of the Federal Government has generated a significant amount of buzz and national conversation: from those who laud its impact, and those who view it as politically motivated. TraderMoni is one of three microcredit products of the Government Enterprise and Empowerment Programme (GEEP). In this interview Chief Operating Officer of GEEP, Uzoma Nwagba explains how GEEP was a direct response to the challenge of access to funds for micro-enterprises, and financial inclusion.