For entrepreneurs, agent banking to the rescue

They may still be tough on credit line provisions for small businesses, but the widespread perception that banks are generally hostile to entrepreneurs may not be correct after all as lenders in the country are currently enticing many people into self-employment with Agent Banking. TONY CHUKWUNYEM writes   When the Central Bank of Nigeria (CBN) unveiled the guidelines for agent banking in 2013, it described the scheme as a catalyst for growth, citing its potential to provide jobs. Some experts at the time, in fact, projected that at least 200,000…

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When a federal minister overreaches

People who do not know me erroneously think that it’s possible for any hirelings or whosoever to stop me by any means – whether through abuse or attack or howsoever – from talking or writing about my state and community of birth. No, it’s not possible. The more they abuse and attack me, the more I know that I’m making a valid point. Today, I’ll talk about an arrogant and despotic brother, his Hobbesian disposition, unlawful trespass to land, and illegal arrests and detention of innocent youths from our town…

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Chibok girls, the mirror in our faces

As we remember the girls captured in Chibok three years ago, we must remember that they constitute only a fraction of the victims of the Boko Haram insurgency. I would urge Bring Back Our Girls (BBOG), while you keep this issue of Chibok on the table, to broaden your message to cover all girls and boys abducted by Boko Haram, and also draw attention to the condition of girls and women in our society in general. To give you an idea of the extent of this problem, as at today,…

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Cast of Professor Johnbull challenge multiple taxation

The new episode of the weekly TV drama series, Professor Johnbull, sponsored by Globacom, is challenging the propriety or otherwise of the age-old problem of multiple taxation in the business environment. The fresh episode, aptly entitled “Tax and Revenue”, according to its sponsor, Globacom “is meant to draw the attention of the authorities to the challenges entrepreneurs face in the hands of the multiple Task Forces set up by the various governments to collect taxes, revenues and rates.” Globacom said further in a statement: “It is a fact that some…

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I’m a lover of heels –Tyna

Augustina Enechile Abraham is the CEO of Tytis. She speaks with Deborah Ocheni about her fashion philosophy, love for high heels and more.   What is your personal style? My sense of fashion is simple, decent yet classy. I love to always keep it simple but my simplicity turn heads. When it comes to fashion, would you say your physique works to your advantage? Perfectly! One gift I would forever be grateful to God for is my body. I have the kind of body that introduces me; I can say…

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Entrepreneurial skill for 60 Vesico-Vaginal Fistula Survivors

Their health condition may have crippled them emotionally and socially, their husbands may have rejected them thereby giving the society a topic for discussion or something to gossip. One thing certain is that it is indeed not their fault neither is it by their designs to be scorned at or become abandoned wives. They are victims of Vesico- Vaginal Fistula (VVF) survivors in Abakaliki, Ebonyi State. Luck smiled on them when the 2016 Mandela Washington Fellow, Ms. Chidinma Mbanasor, recently concluded a series of vocational rehabilitation and economic empowerment program…

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MasterCard to provide 15,000 jobs in Nigeria, Tanzania

A five-year, $13 million collaboration between Michigan State University and The MasterCard Foundation will help 15,000 young people access employment and entrepreneurship opportunities in the fast-growing horticulture, aquaculture, poultry, cassava and oilseed sectors in Nigeria and Tanzania. The partnership, the Agri- Food Youth Opportunity Lab, will focus on youth ages 18 to 24 in major food shed regions surrounding Lagos and Dar es Salaam. The AgriFood Youth Lab will assist economically disadvantaged, hard-to-reach and out-ofschool youth transition into employment and entrepreneurship opportunities in the agrifood system. “Working with The Master-…

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MSMEs: Firm cuts estimated financing gap to $1.25m

The International Finance Corporation’s (IFC) estimated $2 trillion Micro, Small and Medium Enterprises (MSMEs) funding gap in emerging markets has been partly reduced through the intervention of leading Nigeria based fintech platform, Lidya, with $1.25million seed funding round. In a statement, Lidya noted that the round was to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa. The firm said that the round was led by Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader, Accion, which invests capital in, and…

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Technology, key to SMEs’ growth–Report

Almost one third of small business, who commit to technology, show demonstrable growth, new research has found. The research entitled: “Tech- Savvy Businesses do it better’’ was commissioned by Sage and conducted by International Data Corporation (IDC). The study shows that 56 per cent of all small businesses interviewed have yet to adopt digital technologies, preferring to maintain their business with traditional methods, despite the rewards shown in the findings. According to the study, small business owners that are digitally mature dedicate more time to innovation. Specifically, 32 per cent…

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