THE National Association of Microfinance Banks, NAMB, has called for a full implementation of the National Microfinance Policy, NMP, in the application of intervention funds.
Continue reading MfBs push for implementation of NMP in intervention funds at Vanguard News Nigeria. …
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Return campaign funds or face legal action, ACPN threatens Ezekwesili
The Allied Congress Party of Nigeria (ACPN) has demanded that Oby Ezekwesili, former presidential candidate of the party, return all funds generated during her campaign. On Wednesday, Ezekwesili had accounted
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A’Ibom rice farmers lament FG refusal to release funds
UYO- OVER 3,000 rice farmers in Akwa Ibom State under the Federal Government Rice Farmers Association of Nigeria, RIFAN, scheme, are enraged that government had not provided funds to enable them clear their rice fields and transplant seeds from the nurseries.
Continue reading A’Ibom rice farmers lament FG refusal to release funds at Vanguard News Nigeria. …
FG denies plan to hike varsity tuition fee
“I must confirm to you that government has no plan to increase tuition fees in Nigerian universities as being claimed by ASUU.” – Sonny Echono Fred Ezeh, Abuja The Federal Government has denied reports that there are plans to increase tuition fees in universities to N350,000. The Academic Staff Union of Universities (ASUU) raised the […]
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Criminal groups now use sophisticated methods to hide looted funds — GIABA
Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA, said, yesterday, it was worried that organised criminal groups and terrorist organisations have evolved sophisticated methods of channelling illegally acquired funds/property into the formal economy of countries, including Nigeria.
Continue reading Criminal groups now use sophisticated methods to hide looted funds — GIABA at Vanguard News. …
Mutual Funds: Equity-based funds buckle under political pressure
AS the equities market continues to buckle under the pressure emanating from Nigeria’s tensed political environment ahead of 2019 general election, investors are extending their phobia for risky assets to the equity-based funds, EBFs, leading to a worsening performance in the asset class.
Continue reading Mutual Funds: Equity-based funds buckle under political pressure at Vanguard News. …
Cost of funds decline to persist as N1tr inflow aggravates excess liquidity
Cost of funds will decline further this week in the interbank money market as inflow of over N1 trillion from statutory allocation funds and maturing treasury bills (TBs) aggravates excess liquidity in the market.
Continue reading Cost of funds decline to persist as N1tr inflow aggravates excess liquidity at Vanguard News. …
Govt should monitor intervention funds, activities of devt banks — AMEN President
The Lagos State Government, in collaboration with the office of the Vice Presidency, organised SMEs Clinic for micro, small and medium enterprises, MSMEs, in the Lagos region previous week. At this backdrop, the President of the Association of Micro Entrepreneurs of Nigeria, AMEN, Prince Saviour Iche, in a chat with Financial Vanguard, said the federal government must ensure proper monitoring of intervention funds made available to development banks for on-lending to the MSMEs in order to ease access to credit, among other issues. Excerpt:
Continue reading Govt should monitor intervention funds, activities of devt banks — AMEN President at Vanguard News. …
Organisers of Ike Abugu Foundation lament paucity of funds
ORGANISERS of late Ike Abugu foundation have lamented that the account is in red after all the unredeemed pledges and called on the governor of his home state, Enugu, Ifeanyi Ugwuanyi to rescue the family from the agony of losing a loved one.
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State governments should assist MfBs access intervention funds — MD, Ohha MfB
As you know, there is economic meltdown in the country and every financial institution is trying hard to see how they can scale through the challenges. But we the MfBs, especially those in Enugu, are doing our best to see how we can scale through.
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