Category: SMEs

Micro Pension: EFInA Restates Importance For Informal Sector Workers

Admin

…As Contributions Hit N435.61m A major financial inclusion advocate, Enhancing Financial Innovation & Access (EFInA), has restated the need for informal sector practitioners to embrace opportunities in Micro Pension Plan. The advice came on the heels of most informal sector employees’ lack of interest in the scheme set up in 2019 to take care of their welfare after retirement from active work life. This is just as contributions under MPP have peaked at N435.61 million. The gradual input of the scheme to the economy shows that more Nigerians, both in…

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Breaking: Old Naira Notes, No Extension Beyond Feb. 10—CBN

JUSTINA EMMANUEL OKPARA

After days of suspense surrounding the legality of old naira notes, the Central Bank of Nigeria (CBN) has declared that the February 10 deadline earlier given for the notes to cease from being legal tender remains. CBN Governor, Mr Godwin Emefiele, ruled out extension today in Abuja when he briefed ambassadors of foreign nations and diplomats in Nigeria about the apex bank’s monetary policy and issues thrown up by the currency redesign. Details later

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Anambra-Born Billionaire Found Dead In Hotel Room

JUSTINA EMMANUEL OKPARA

An Anambra state-born billionaire businessman, Chukwunonso John Chukwujekwu, has been found dead in a hotel room in Bauchi, capital of Bauchi state. The deceased, 37, hailed from Anambra East Local Government Area but was a resident of Boi Village in Bogoro Local Government Area (LGA) of Bauchi State where he majored in provision business. Chukwujekwu was reportedly found dead in a hotel room on Thursday, December 1, 2022, two days after he was declared missing. The cause of his death remains unknown as no one could give a clue as…

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The New Africa Magazine Names Onyeali-Ikpe, Banda, Taylor, Senator Olujimi, Others As Outstanding Women in Africa

JUSTINA EMMANUEL OKPARA

The New Africa Magazine, a strong believer in the culture of recognition for both men and women who have been shaping the vision and progress of the African continent, has released its list of 110 Outstanding Women in Africa for the year 2022. Some of those picked for the special recognition are the first female Managing Director, Fidelity Bank Plc, Ms. Nneka Onyeali-Ikpe; Hon. Joyce Hilda Banda, Fmr. President of Malawi, Hon. Jewel Howard Taylor, Vice President of Liberia; Jamila Sedqi, First Moroccan Female Judge at the UN Administrative Tribunal,…

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Wema Bank commended for SMEs Business School

Admin

Beneficiaries of the maiden Wema Bank SME Business School have commended the novel and impactful initiative, disclosing that they have gained immensely from it. The Wema SME Business School equipped Micro, Small and Medium Enterprises with the basic management knowledge required to effectively run their businesses and respond to challenges in an ever-demanding business environment. The five-day free training programme was held recently in Lagos featuring 50 participants. They were trained using a robust curriculum spanning the broad areas of finance, marketing and sales, leadership, technology, branding, strategy, innovation and…

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FCMB, Mercy Corps to uplift farmers, vulnerable in North East

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About 500,000 farmers and vulnerable people in Nigeria’s North-East zone can now access farming friendly and demand-driven financial services.  It is the result of First City Monument Bank’s (FCMB) partnership with Mercy Corps, a frontline international aid organisation.  A bold and landmark intervention, the partnership supported by USAID-funded Feed the Future Nigeria Rural Resilience Activity, will deliver funding and capacity-building support to smallholder farmers and vulnerable people living in the conflict-affected states of Adamawa, Borno, Gombe and Yobe. The Feed the Future Nigeria Rural Resilience Activity aims to facilitate and…

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UBA Business Series to support SMEs, business owners with brand positioning, marketing strategies

Dorothy Ewah

In its continuous bid to support the growth of Micro Small and Medium Enterprises (MSMEs) and equip them with the necessary tools to strengthen and sustain their businesses, Pan-African financial institution, United Bank for Africa (UBA) Plc, is set to organise another edition of its quarterly UBA Business Series.   The UBA Business Series is an MSME workshop and a capacity building initiative where leading business leaders share insights on best practices for running successful businesses in the face of huge economic challenges. The outbreak of the COVID-19 presented a…

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