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How to get loan from BoI (2)

LAST week, we began this series on Bank of Industry (BoI) loan facilities to Small and Medium Enterprises, SMEs. We noted some basic pre-requisites for companies wishing to apply for loan in the Bank. And we also listed out about 41 groups of businesses the Bank provides loan for while noting that you can write to the Bank in case you didn’t find your line of business in the list.

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Emulate Sterling Bank, fund only genuine businesses — Sofoluwe

Let me start by saying that before anyone ventures into any business, it is important to test the market. You must research into what the market wants and what players in the industry are doing to meet customers’ needs. Also, you must find out the things that they are not doing and come up with strategies to go beyond the available level of service. You must be able to identify what you want to do differently because if what you are bringing to the market is not different from what customers currently enjoy, there would be no basis for them to switch to your brand that is still new.

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Nigeria remains the best place to invest, anywhere in the world — Chairman, BUA Group

The journey of the Nigerian integrated cement manufacturing, which took a new course just over a decade ago, has seen Nigeria move from a nation with under 3 million tonnes of production capacity to a country that will have some 45 million tons of cement manufacturing capacity by next year – implying about 15 fold increase in capacities. This important feat has not only made Nigeria self sufficient in cement production but also a net exporter of the commodity

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How Emefiele’s policies drove the economy out of recession

Amidst a number of positive developments in the global economy, the Nigerian economy improved in the first half of 2017, H1’17, compared to a contractionary 2016 which saw a relatively worse economic performance, and economy and financial analysts have given a huge credit to the Central Bank of Nigeria, CBN, under the leadership of Mr. Godwin Emefiele, who had incidentally, taken many knocks over the initial failings in the economy.

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