Business

The Bank of Industry (BoI) has disbursed loan facilities ranging from N10,000 to N50,000 to over 1,000 women entrepreneurs in Plateau State, under the Government Enterprise and Empowerment Programme (GEEP). Tagged the MarketMoni Alert, the initiative is one of the Federal Government’s social intervention programmes aimed at helping micro enterprise operators in the country bridge the gap in access to affordable credit identified as a major constraint to business growth. The GEEP, which is being administered by BoI, seeks to…
The quarterly contribution of Information and Communications Technology (ICT) sector to the Gross Domestic Product (GDP) has increased to N1.6 trillion from N1.4trn, the Nigerian Communications Commission has said. The NCC’s Executive Vice Chairman, Professor Umar Danbatta, who disclosed this yesterday when he paid a courtesy visit to the Minister of Federal Capital Territory, also said the ICT sector is now contributing close to 10 per cent to the GDP annually. The country, he added, recorded an increase in internet…
The Central Bank of Nigeria has introduced two new financial instruments, namely, ‘Funding for Liquidity Facility (FfLF)’ and Intra-day Facility (IDF)’ at its window, for access by Non-Interest Financial Institutions (NlFls) licensed by it. The features of the financial instruments for FfLF include the CBN providing a liquidity facility on overnight basis only and to be terminated on the next business day. The Authorized Non-Interest Financial Institution (NIFI) is to provide eligible securities to the CBN as collateral for the…
The government also commended the bank for its role as a sub-regional centre for commercial activity and project funding support. The Vice President, Professor Yemi Osinbajo noted that Nigeria’s leadership of the continent was not just about the size of its population or economy, but also because of its capacity to create opportunities for Africans across borders. Professor Osinbajo who addressed a gathering of Ministers of Finance in West Africa on Tuesday in Abuja applauded the contribution of the ECOWAS…

Pension Review Magazine is the authoritative source of information on how these schemes and their sponsoring employers are working together to provide their members with an adequate retirement income.

Our case studies, news analysis and informed comment provide trustees, management teams and their providers with timely, practical information to inform their day-to-day jobs.

We use cookies to improve our website. Cookies used for the essential operation of this site have already been set. For more information visit our Cookie policy. I accept cookies from this site. Agree