THE Minister for Budget and National Planning, Udoma Udo Udoma, revealed to the Media, in Abuja, on October 18th 2018, that in contrast to the 2018 total budget of N9.2tn, N8.651tn will be budgeted for 2019; i.e. next year’s budget will be about N470bn less than in 2018.

By Yinka Kolawole We have had repetitions of the previous content on the aspect of this column dealing with requirements for the various packages under the Wema Bank credit facility for small businesses. Maybe, aside the over flogging, it must have settled in the mind of any interested individual to put action behind the information regardless […]

In the last two editions of this column we outlined some basic features of Wema Bank’s small businesses loan package, ‘myBusiness Account’ in the three variants – Bronze, Silver and Gold.

LOANS have been used as weapon of underdevelopment of Africa by International Monetary Fund, IMF,  and World Bank. Loans from China are irresistible because they come with less strings attached on matters such as governance, democracy or human rights. Bureaucrats too can easily get a cut without much accountability. Yet, the loans are like a Trojan horse. Its consequences will be far-reaching.

THE Bank of Industry (BoI) has so far disbursed N15 billion loans to about 400,000 micro-enterprises under the Government Enterprise and Empowerment Program (GEEP) of the federal government.