Business

Intervention funds: MSMEs asked to form cooperatives

Small businesses, especially those in rural areas, have been encouraged to register with recognised cooperatives to facilitate their access to financial interventions.

A staff of the Financial Inclusion Secretariat of the Central Bank of Ni [...]

Sat, 14 July 2018


Power ministry receives 33% capital budget in 2017

Over 33percent of total funds released for capital projects in the 2017 fiscal year was expended on projects under the Ministry of Power, Works and Housing, the federal government has disclosed.

According to the ministry of finance, the sector received the highest amount of N523.01billion from [...]

Sat, 23 June 2018


Nigeria to go back on Africa’s free trade pact

Nigeria may be reneging on its earlier decision to back out of the African Continental Free Trade Area, AfCFTA, agreement, as the federal government concludes consultations on the matter.

The country had declined assent to the arrangement at the last extraordinary meeting of the African Union h [...]

Sat, 23 June 2018


8.7m children captured in FG’s school feeding programme

The Federal Government has said over 8.7 million school children currently benefit from its Home Grown School Feeding Programme in parts of the country where it is being implemented.

Minister of State for Budget and National Planning, Mrs. Zainab Ahmed disclosed this while fielding questions fr [...]

Sat, 23 June 2018


MDAs to authenticate tax certificates before paying contractors

 

The Federal Government has directed all Ministries, Department and Agencies and the Federal Inland Revenue Service, FIRS, to authenticate all Tax Clearance Certificates, TCC, presented by contractors engaged in public procurement processes.

The directive is in response to the prol [...]

Sat, 23 June 2018


Banks ask to reconsider loan conditions to SMEs

Banks and other financial institutions in the country have been asked to design programmes that will enable small businesses access funds easily, as certain conditions attached to some loans keep preventing SMEs from accessing them.

The Director General of Small and Medium Enterprises Developme [...]

Sat, 23 June 2018


SEC takes financial inclusion campaign to grassroots

 

In line with the determination of the nation’s financial authorities to achieve 80percent rate in financial inclusion by 2020, the Securities and Exchange Commission, SEC, took its campaign team to Kwali Area Council to enlighten residents on the essence of financial inclusiveness. [...]

Sat, 23 June 2018


Economist calls for sale of prisons, barracks, others

Renowned economist, Dr. Ayo Teriba, has called for the privatization of uneconomic federal government assets, including prisons and barracks, as a means of shoring up its financial buffers.

He said privatization was the answer to the country’s economic development considering that its bud [...]

Sat, 16 June 2018


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Th [...]

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