Minister Charges Women on FG’s Loan

The Minister of Women Affairs, Aisha Alhassan, has called on women in Gombe State to key in to the National Women Empowerment Fund and benefit from the N1.6 billion interest free loan.

The minister gave the advice at the Town Hall meeting on the National Women Empowerment Fund (NAWEP) and Government Enterprise and Empowerment Programmes (GEEP) in Gombe on Monday.

She said that both NAWEP and GEEP were financial inclusion and micro-credit programmes, aimed at increasing financial access for women with a view to reducing poverty in the country.

YEDP: Stimulus for Job Creation, Growth And Economic Development

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that the Youth Entrepreneurship Development Programme (YEDP) has the potential of becoming the stimulus for job and wealth creation, growth and economic development through improved access to finance by young entrepreneurs.

Mr. Godwin Emefiele made the statement while welcoming guests to the commencement of loan disbursements to Nigerian youths under the Youth Entrepreneurship Development Programme (YEDP) launched by the Bank on March 15, 2016.

Nigeria Eyes Creative Economy with MoU

The MoU between the Federal Ministry of Information and Culture and the Tony Elumelu Foundation will help to re-position the creative industries in Nigeria, the Minister of Information and Culture, Lai Mohammed, has said.

Speaking at a ceremony for the signing of the Memorandum of Understanding (MoU) between the Ministry and the Foundation in Lagos on Tuesday, the Minister expressed the strong belief that the collaboration will be the much-needed catalyst to transform the country’s Creative Industries to a Creative Economy.

Micro Enterprises to get Succour

The Federal Government says it is making efforts to resolve challenges faced by micro enterprises, in order to provide avenue for them to thrive and contribute more to national economy

Dr Dikko Radda, Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), said this on Wednesday at the National Economic Advocacy for Growth of Local Enterprise, Summit, organised by GIZ in Abuja.

The theme of the of the summit is,“Sustainable Business Environment for SMEs as a Backbone of the Nation’s Economy’’.

Mining: Nigeria Woos Foreign Investors with Three Years Tax Holiday, Others

The Minister of Mines and Steel Development, Kayode Fayemi, on Wednesday offered prospective investors in the Nigerian mining sector three years tax holidays, as part of federal government’s incentives to serious investors, Premium Times reports.

The tax holiday, according to the Minister, would commence from the date the investor commences mining operations in the country.

CBN asks Banks to give 60% of their Forex to Manufacturing Firms

The Central Bank of Nigeria (CBN) has asked commercial lenders to allocate 60 percent of their foreign exchange purchases to manufacturers, in a bid to boost their ability to pay for imports and boost the economy.

Widespread dollar shortages, caused by a fall in oil revenues, have hit manufacturers' ability to import raw materials and spare parts, forcing many plants to close.

The central bank said in a circular it wanted to encourage the production of local goods by asking banks to allocate more hard currency to industrial firms.

Private Refineries: Stakeholders Seek Better Incentives for Investors

Stakeholders in the oil and gas industry have said that incentives for private refineries in the country will go a long way to boosting Nigeria's economy.

The stakeholders made this assertion during a public hearing, on a bill to provide for the licensing, regulation and incentives for petroleum refineries in Nigeria on Tuesday in Abuja.

The stakeholders at the hearing organised by the House of Representatives Committee on Petroleum Resources (Downstream), said they were in total support of any legislation that would liberalise the industry.

CBN Empowers 1,500 Youths with ₦2.5b Entrepreneurship Loan

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has flagged-off the formal training of successful National Youth Service Corps (NYSC) members under the Youth Entrepreneurship Development Programme (YEDP).

Performing the ceremony at the NYSC orientation camp, Kubwa, Federal Capital Territory (FCT), on Thursday, June 30, 2016, Mr. Emefiele stressed the importance of small businesses to building a strong economic base that is resilient to global fluctuations.

How One Man Took on Wall Street and Won

As David and Goliath stories go, Brad Katsuyama's is a pretty good one.

The 38-year-old has taken on billions of dollars of vested interest on Wall Street, and won for the little guy.

His successes were detailed in the best-selling book Flash Boys by Michael Lewis, and apt for a tale that could read like a Hollywood movie script, Sony Pictures bought the film rights.

Brad's story started in 2002 when he began working as a stockbroker in New York for the Royal Bank of Canada, aged 24.