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Getting business loans from banks Wema Bank (5)

We have come to the second section of this discussion on Wema Bank’s SME-focused credit facility. As a catch up on what was discussed in the first section which came in four parts, the key information was that the bank has special offers or services for small businesses. The offer, starts from opening of a special account called myBusinessAccount, categorized into three, viz, Bronze, Silver and Gold, with each carrying different requirements. We also discussed in our last week’s publication, the rewards attached to this special account.

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LADOL, Samsung face off and national interest

T is just as well that Lagos Deep Offshore Logistics, LADOL and Samsung Heavy Industries, SHI, have chosen to take their trade dispute to both the court of law and the court of public opinion. Given the importance of the partnership to the economic wellbeing of the nation and the profound implications for the success or otherwise of the much trumpeted technology transfer bid, this troubled partnership can only be ignored at our collective peril.

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Agric sector loses N20bn annually due to lack of insurance cover

NIGERIA’s agricultural   sector losses about N20 billion annually due to failure of insurance companies to create products to cover small farmers. Stakeholders in the agriculture sector stated this while speaking at the 2018 national insurance brokers’ conference and exhibition in Lagos, noting that the absence of insurance cover for smallholder farmers is part of the reason why livestock agriculture is not growing in Nigeria.

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SEC allays fears on market performance ahead of general election

ACTING Director General of  the Securities and Exchange Commission, SEC, Ms. Mary Uduk has assured investors in the Capital Market that there is nothing to fear on the performance of the stock market as the 2019 election approaches. Uduk spoke while responding to questions from journalists on the sidelines of the just concluded World Bank/IMF Annual Meetings in Bali, Indonesia.

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Why our growth projections contradict Nigeria’s – IMF

For many years now including the mid-year economic growth projections, the World Bank and the International Monetary Fund, IMF, have consistently presented growth rates below Nigeria’s official figures, and the IMF’s director in charge of Africa, Mr Abebe Selassie, said the Bretton Woods Institution’s figures are always more current than Nigeria’s.

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Why Nigerians are yet to feel impact of economic growth — Udoma

O n the sidelines of the   just concluded World Bank/ International Monetary Fund Meetings in Indonesia, the Minister of National Planning, Sen. Udoma Udoma, took time to speak exclusively  to Financial Vanguard  team at the Meetings on some gains of Nigeria’s participation at the Meetings as well as on some topical issues in the Nigerian economy as at today. Below are the excerpts.

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Cabotage, Content Acts have opened opportunities in maritime sector – Otike-Obi

Following successfully conclusion of a bond issuance programme where the company raised N7 billion to finance its operation, C & I Leasing Plc just acquired two tugboats to improve service delivery to customers in the maritime sector. In this interview, the Managing Director/Chief Executive Officer of the company, Mr. Andrew Otike-Odibi spoke on the company’s growth trajectory, the impact of Cabotage Act on maritime industry, as well as the challenges among others. Excerpts:

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