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Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.
The National Bureau of Statistics (NBS), has put the quantum of jobs created by Micro, Small and Medium Enterprises (MSMEs) at 59,647,954 jobs as of December 2017, stressing that five per cent or 2,889,715 of those jobs were created by Small and Medium Enterprises (SMEs).
The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
Almost 70 per cent of Nigeria’s imports come from China and other Asian countries, while a paltry 12 per cent comes from the United States of America. This must have, no doubt, influenced the decision of the Federal Government to negotiate a currency swap deal with China.
The Federal Government on Monday inaugurated the reconstituted Board of the Securities and Exchange Commission (SEC), changing the new members to provide effective leadership in the capital market.
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), has urged Small and Medium Enterprises (SMEs) to imbibe principles of good corporate governance to achieve sustainability and succession planning.
President Muhammadu Buhari on Wednesday said Nigeria will be guided by ‘‘national interest’’ in taking any decision on the agreement establishing the African Continental Free Trade Area (AfCFTA).
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday.
The African Export-Import Bank (AFREXIMBANK) has said it is partnering with the Nigerian Export-Import Bank (NEXIM) to provide about $1billion financing for the promotion of Nigeria-Africa trade and investment in Africa.
The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to adopt the global best practice of funding Small and Medium Enterprises (SMEs).
Nigerian Postal Service (NIPOST) says its financial inclusion intervention is geared toward supporting the growth of Small and Medium Enterprises (SMEs), contribute to poverty alleviation and reduce unemployment in the country.
Zenith Bank, the largest bank in Nigeria by tier-1 capital and a foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it become the leading corporate bank player in the country.
Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital and the foremost provider of financial services to multinationals, corporates and SMES in the country, has affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it become the leading corporate bank player in the country.
The Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has called for far reaching tax reforms.
The Managing Director and Chief Executive Officer, Nigeria Incentive Based Risk Sharing for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has disclosed that in few weeks time, over 200 farmers stand to benefit from the take off of the Micro-Finance Bank (MFB) lending in the country.
Former Barcelona and Paris Saint-Germain star Dani Alves is close to a move to Arsenal, according to report.
An Ibadan-based trader, Mrs. Bushira Salawudeen, has prayed a Mapo Customary Court, to plead with her husband, Rafiu, to forgive her and stop the divorce proceedings.
Sudan's protesters and ruling generals Wednesday signed a power sharing deal, paving the way for a civilian administration, a key demand of demonstrators since president Omar al-Bashir was deposed in April.
The announcement comes in the wake of Rafa Benitez's departure from St James’ Park last month and his subsequent switch to Chinese Super League outfit Dalian Yifang.
The HBO series ‘Game of Thrones’ and the ‘The Marvelous Mrs. Maisel’ got the most nominations for the 71st annual Emmy Awards. Newsmen report that...
The National Information Technology Development Agency (NITDA) says it is currently investigating some entities including Banks, Fintechs, Telcos etc who are in alleged breach of the data privacy rights of Nigerians by some Data Controllers, NDPR.
FIFA promised to enhance child safeguarding standards across its 211 member associations as world football’s governing body launched a new programme on Wednesday.
Abuja – The Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Correspondents’ Chapel has commended the Speaker of the House of Representatives, Hon. Femi Gbajabiamila and his deputy, Hon. Ahmed Idris Wase for appointing its members as his media aides.
Governor Abdullahi Ganduje of the All Progressive Congress (APC) will present over 500 witnesses before the Kano state Governorship Election Tribunal presided over by Justice Halima Shamnaki in defense of the March 2019 governorship election victory challenged by the People’s Democratic Party, PDP.
Real Madrid star Gareth Bale could make a sensational return to Premier League with his former club Tottenham Hotspur showing interest to re-sign the Welsh forward, according to report in Marca.