BoI earmarks N300b intervention fund for SMEs
We anticipate an upsurge in the demand for finance by SMEs; as a result of this, we have strengthened the bank to meet these demands. The funds are there but we are only going to support genuine businesses," he said.
2015 BUDGET: Less Oil, More Of Taxes
In fact, the Budget Director General revealed that in the 2015 plan, non-oil revenue was for the first time projected to be higher slightly than oil mineral revenue, which makes the plan a non-oil economy Budget.
‘Only Foreign Agencies With Selfish Agenda Oppose APCON’s Ad Sector Reforms’
Mr. ‘Lolu Akinwunmi, FRPA, FNMI, is the fifth and immediate past Chairman, Advertising Practitioners Council of Nigeria (APCON). Akinwunmi, who had served as the 14th President of the Association of Advertising Agencies of Nigeria (AAAN), the pioneer Secretary and Chief Executive Officer of the Federal Government Rebranding Project under the late former Information and Communication Minister, Prof. Dora Akunyili, spoke with some journalists about his career, the achievements of APCON during his tenure, the economy, politics and governance and the challenges facing the practice of advertising in Nigeria, among other issues. ONYEDIKA AGBEDO was there.
Govt boosts film industry with N500m
“We are here in Bauchi to sensitize filmmakers on the project act, which was initiate by the Federal Government through the transformation agenda for film industry development considering that the industry has portrayed Nigeria’s image in good light globally.”
IMF Sees Zimbabwe Economy Weakening Further In 2015
ZIMBABWE’S economy is expected to weaken further this year after growing by 3.1 per cent in 2014, the International Monetary Fund said on Monday, while the Zimbabwean finance minister said Harare expects to clear its arrears to the fund in the next year.
Cash crunch: Why fiscal responsibility makes the difference
A mixture of dwindling financial fortunes and fiscal rascality or even laissez-faire attitude towards the management of scarce resources will only aggravate economic misfortune. CHIJIOKE NELSON writes on the need for Fiscal Responsibility Act, strengthening of the law and enforcement, especially in the era of dwindling revenue and engrained misplacement of priorities. THE United States…
BVN: The issues and rationale
THE Bank Verification Number (BVN), a project initiated by the Central Bank of Nigeria (CBN), has at various times, become different things to different people and currently may not have enjoyed the cooperation it deserved. For many who saw the scheme from the point of collection of biometrics only, it was a duplication of efforts.…
Devaluation, oil-induced crisis are new opportunities for forex traders, says Ahmad
Mr. Jameel Ahmad is the Chief Market Analyst at the Cyprus-based ForexTime Limited- the parent company of ForexTime Nigeria, which provides access to the global currency market and offers trading in forex, precious metals, among others. In this interview with CHIJIOKE NELSON, he explains economic implications of the crude oil volatility on the global foreign…
Cost implications of uncertainties to economy, by Ukpong
Mr. Samuel Effiong Ukpong is the Managing Director of the popular1004 Estates Limited and a graduate of Estate Management from the University of Nigeria Nsukka. The estate manager has worked in different organization like United Bank for Africa, Federal Ministry of Works and Housing, Diya Fatimilehin & Co at management positions. He also worked with…
Powering next phase of retail banking
A reference work once defined retail banking is a key component of the banking industry, where banks only work with consumers, not businesses and allow consumers to purchase homes, cars and consumer products by providing mortgages and loans, which consequently, provide needed liquidity to keep the economy growing. Another explained that it is when…
Promoting market development, trade with bilateral deals
THE President of the President of the Nigerian Stock Exchange (NSE), Aigboje Aig-Imoukhuede, has affirmed that market operators and the country as a whole will benefit in several ways from a right partnership with developed markets, as no knowledge and experience has ever happened in isolation. Aig-Imoukhuede, who made the observation during a strategic…