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financial security, Financing for Small Business, Financing for Small Business

Financing for Small Business

A small business is “small” with limited capitalization and fewer options to raise cash to finance operations.
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 

Bank chiefs make a serious demand following CBN deduction of N499 billion 

Top executives of the banks affected by the CBN's N499 billion deduction have met with the apex to demand a review of the sanctions. 
Aishah Ahmad, Central Bank of Nigeria, Godwin Emefiele,, CBN emphasizes Fintech regulation, tasks Fintechs on inclusion  

CBN to banks: Digitise services to support banking supervision, regulatory compliance 

The CBN has said that banks should digitize their services so as to support effective supervision of the financial system.
Cashless Policy, This is when CBN will cut Monetary Policy Rate – Emefiele, Nigeria’s External Reserves depleted by $2.9 billion, hit 10 months low , CBN to fight piracy in Creative Industry , CBN projects macroeconomy confidence to rise by 118.3% in November 

CBN grants approval for banks to debit accounts of loan defaulters 

The CBN has finally granted DMBs the approval to directly debit bank accounts belonging to loan defaulters across all banks in the country.
revenue, FSDH, Buhari to release N600 billion for capital expenditure in 3 months, Nigeria @ 59: President Muhammadu Buhari’s speech, Buhari’s Budget of Sustaining Growth & Job Creation (Full text) , See what FSDH is saying about the 2020 budget and FG’s revenue drive 

In Nigeria’s downstream, the gloom persists

With earnings season now over, we have yet another opportunity to take more than a cursory glance at the H1:2019 financial scorecards for Nigeria's downstream segment
revenue, FSDH, Buhari to release N600 billion for capital expenditure in 3 months, Nigeria @ 59: President Muhammadu Buhari’s speech, Buhari’s Budget of Sustaining Growth & Job Creation (Full text) , See what FSDH is saying about the 2020 budget and FG’s revenue drive 

Independence day speech: Expect greater scrutiny of revenue generating agencies – President Buhari

The speech delivered by President Muhammadu Buhari on the occasion of the 59th Independence anniversary today, October 1, 2019. 
Johan de Nysschen 

Volkswagen Group hires Johan de Nysschen as new COO 

Automotive manufacturing company, Volkswagen Group has hired Johan de Nysschen as Chief Operating Officer (COO) of Volkswagen’s North American region. 
Nigerian Communications Commission, NCC set to probe telcos over N165 debt , NCC moves to track cybercriminals , Will there ever be a day the NCC withdraws a Nigerian telco’s license? , Brief comparison of telcos’ annual revenue reveals interesting disparities 

Improve service quality or risk sanction – NCC warns Telcos 

Telecommunications service providers have been warned by the NCC to improve their services or face sanctions. 
Nigeria loses N150 billion annually to shipping tariffs, Ibadan to Kano rail construction

Nigerian Institute can design Made-in-Nigeria vehicles – Amaechi 

The Minister of Transportation, Chibuike Rotimi Amaechi, has expressed optimism with the Nigerian Institute of Transport Technology (NITT), Zaria stating that the institute is capable of designing Made-in-Nigeria vehicles. 
NIGERIAN YOUNGEST

This Nigerian kid emerges Africa’s youngest Microsoft specialist 

Damilare Akano, a 6-year-old Nigeran pupil has emerged as Africa’s youngest Microsoft specialist in the Certiport international certification
Isa Patanmi

Over 2.2 million unregistered telephone lines blocked 

Not less than 2.2 million improperly registered sim cards have been disabled from functioning across the country.
Nigeria's Agricultural sector records highest growth in Q1 2019, Central Bank disbursed N299 billion

Central Bank disbursed N299 billion loans through these Agricultural schemes in 2018

The CBN disbursed the sum of N299.16 billion through six (6) Agricultural Schemes in 2018. According to the Central Bank’s annual report for 2018, various agricultural schemes include the Anchor Borrowers’ Programme
Nigerian Communications Commission, NCC set to probe telcos over N165 debt , NCC moves to track cybercriminals , Will there ever be a day the NCC withdraws a Nigerian telco’s license? , Brief comparison of telcos’ annual revenue reveals interesting disparities 

Will there ever be a day the NCC withdraws a Nigerian telco’s license? 

Three years after incorporation, Mobile Broadband Ltd has failed to “fulfil the eligibility requirements” for which it was licensed.
stock, market, stock market, Nigerian Stock Exchange

Stock Market: Custodian, IB, Access, others lead gainers’ chart

Custodian and Allied Insurance Plc, International Breweries (IB), Access Bank, Dangote Sugar and Nigerian Breweries (NB) led the gainers' chart at the end of trading on the floor of the Nigerian Stock Exchange (NSE) on Wednesday.
Innoson Vehicles

Nigerians react as Anambra lawmakers reject Prado SUVs for Innoson SUVs

Innoson Vehicles has been trending on Twitter since morning after Anambra lawmakers rejected Toyota Prado SUVs meant for them.
truecaller

Truecaller under probe for breaching Nigerians’ privacy rights 

Truecaller is currently being investigated by the Nigerian ICT Agency, the National Information Technology Agency (NITDA)
How Federal Government plans to increase VAT to 7.2% affects you

P&ID: President Buhari issues strong warning to international firms 

President Muhammadu Buhari has issued a strong warning to international firms aiming to defraud the country (Nigeria)
stock, market, stock market, Nigerian Stock Exchange

The Nigerian Stock Exchange ends today trading session negative

The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All-Share Index closed at 27,352.24 basis points, down by 1.08%.
800 Chinese firms to participate in Lagos International Trade Fair 

800 Chinese firms to participate in Lagos International Trade Fair 

About 800 Chinese firms are expected to participate in the 2019 edition of the Lagos International Trade Fair.  
thomas cook

Thomas Cook’s bankruptcy threatens tourism 

British Travel Company and airline, Thomas Cook has shut down and declared bankrupt leaving 600,000 people stranded across the world.   
pinnacle

American firm seals partnership deal with Pinnacle communications 

American electronics manufacturing firm, GatesAir has concluded its partnership deal with a Nigerian company, Pinnacle Communications to penetrate the Nigerian digital TV market. 
Aliko Dangote, Milk importation, CBN, You probably wouldn't know Dangote dances until you watch this video  

Dangote to empower Nigerian women with N1.1 billion   

The Aliko Dangote Foundation is set to empower 106,000 women across four states in Nigeria with about N1.1 billion as part of its empowerment program
sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms

The Nigerian Stock Exchange ends the week bullish

The Nigerian Stock Exchange (NSE) ended Friday’s trading session in positive territory. The All-Share Index closed at 27,698.69 basis points, up 1.19%.
AIRBNB

Airbnb announces plan to go public  

Airbnb has announced its plans to go public in 2020. This is according to a statement released by the company
CBN, GTBank, CBN disagrees with IMF, says land border closure boosting local production, Border closure: Emefiele says Benin, others must engage Nigeria before borders are reopened 

Diary Production: Herdsmen to leverage on CBN’s Anchor Borrowers Programme 

Livestock production in the country is expected to gain growth as the Central Bank of Nigeria (CBN), has disclosed plans to support nomadic herdsmen in the country
Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports 

Three PSBs get Apex Bank’s provisional approval to commence operations 

Three Payment Service Banks (PSBs) have got the Approval-in-Principle (AIP) of Central Bank to commence banking operations in Nigeria
investments, how to measure the performance of your investments., Here are ways to ask family and friends to fund your business - PART 2 

Here are ways to ask family and friends to fund your business – PART...

Friends and family members that invest in your business want a say in how things are done, investors will want to protect their investment.
Nigeria's Inflation

Nigeria’s inflation tapers to 11.02% y/y in August

Data from National Bureau of Statistics (NBS) revealed that Nigeria’s consumer inflation moderated to a 43-month low in August
Nigerian Stock Exchange, Nigerian Stocks

The stock market trades in positive territory

The Nigerian Stock Exchange (NSE) ended Wednesday’s trading session in positive territory. The All-Share Index closed at 27,153.53 basis points, up 0.39%.
foreign investment, Here’s the easiest way to invest in your future 

Foreign inflows down 31% q/q in Q2 2019    

Capital Importation into Nigeria resumed its decline with a steep drop in the inflow of funds in Foreign Portfolio Investments (FPIs).