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ECOWAS president calls for promotion of trade among member states

ECOWAS president calls for promotion of trade among member states

The President of the ECOWAS Commission, Amb. James Gbeho, has urged members of the community to promote trade among members states. Gbeho gave the advice in Ilorin on Thursday at a two-day national sensitisation workshop on ECOWAS Business Initiative (ECOBIZ).

SEC launches Capital Market Club

SEC launches Capital Market Club

The Securities and Exchange Commission (SEC), on Tuesday, launched the first ever Capital Market Club (CMC) in secondary schools in the country, just as the Governor of Sokoto State , Alhahi Aliyu Magatakarda Wamakko was made the grand patron.

CBN intervention stalls N40bn Lagos mortgage scheme

CBN intervention stalls N40bn Lagos mortgage scheme

The on-going banking reforms occasioned by the intervention of the Central Bank of Nigeria (CBN) in the sector last year has hampered the implementation of the N40 billion Lagos mortgage scheme in partnership with five banks.

SME Credit scheme: Banks get 60 days deadline to process loans

SME Credit scheme: Banks get 60 days deadline to process loans

The Central Bank of Nigeria (CBN) has given banks 60 days deadline to process loan application from small and medium enterprises under Small and Medium Enterprises Credit Guarantee scheme (SMECGS)This is one of the highlights of the guidelines for scheme issued by the apex bank on Friday.

Oshiomhole tasks Edo federal lawmakers on constituency projects

Oshiomhole tasks Edo federal lawmakers on constituency projects

BENIN—The Governor of Edo State, Comrade Adams Oshiomhole, has challenged the state’s representatives at the National Assembly to account for money allocated to them for constituency projects. This comes as over 450 members of the People’s Democracy Party, PDP, and other political parties decamped to Action Congress, AC, at Uzea in Esan North East Local […]

Super Eagles: Views from abroad

Super Eagles: Views from abroad

It was on these pages that I wrote about the avalanche of mails and phone calls I receive on daily basis regarding the Super Eagles. I mentioned the special interest of the Swedish press and the disappointment of the Argentine journalist who could not get anything from me.

Lagos plots roadmap for affordable housing

Lagos plots roadmap for affordable housing

The Lagos State government is exploring modalities that will facilitate provision of affordable housing, especially for low income earners in the state, through mortgage facilities.

Communities ask Chime to intervene in conflicts with monarchs

Communities ask Chime to intervene in conflicts with monarchs

By Tony Edike ENUGU — THE people of Ezzeodo and Eze Agbo/Omudaga autonomous communities of Uda Enugu Ezike in Igbo Eze North Local Government Area have appealed to Governor Sullivan Chime of Enugu to urgently wade into the face-off between natives of the two communities and their traditional rulers, Igwe Hyacinth Odo and Igwe Nathaniel […]

House of Reps: ‘Bwari ‘ll resist long time injustice’

House of Reps: ‘Bwari ‘ll resist long time injustice’

By Henry Umoru ABUJA —  THE immediate past Chairman of Bwari Area Council in the Federal Capital Territory, Isa Dara Bwara, has vowed that his people would resist any attempt to deny them the opportunity of producing the next member, AMAC/Bwari House of Representatives. According to him, Abuja Municipal Area Council, AMAC and Bwari Area […]

CBN reads riot act on MFB insider abuse

CBN reads riot act on MFB insider abuse

The Central Bank of Nigeria, CBN, has said in other to protect depositors’ funds, it would no longer tolerate insider dealings presently going on in the microfinance banking sector as it would hand over managing directors and directors who abuse office privileges by engaging in such practices to the Economic and Financial Crimes Commission, EFCC.

Access Investments & Securities to raise N2bn via mutual funds

Access Investments & Securities to raise N2bn via mutual funds

The Board and Management of Access Investment and Securities Limited, a wholly owned subsidiary of Access Bank Plc, weekend, announced at a completion board meeting its readiness to raise N2 billion from two mutual funds.
The company in its prospectus stated that it would be offering Ten million units each of two mutual funds to the public at N100 per unit. The mutual funds on offer are ‘The Access Balanced Fund’ and ‘The Access Fixed Income Fund’.

CBN’s guidelines on N500bn bail-out for industries out

CBN’s guidelines on N500bn bail-out for industries out

The Central Bank of Nigeria, CBN, has said that industries operating in the country which seek to refinance or restructure their operations can access a maximum of N1 billion from its sponsored N500 billion industry revival funds.