Connect with us

Finance

N75bn MSME Schemes’ Registration Commences

Published

on

N75bn MSME Schemes’ Registration Commences

The Registration portal for the N75 billion micro, small and medium enterprises (MSME) survival fund and guaranteed off-take schemes of the Federal government opens Monday, the minister of state for industry, trade and investment, Mariam Katagum, has announced.

According to her, the project, which would run for an initial period of three months, would be open for 1.7 million entities and individuals across the country.

Watch Our YouTube Videos

Katagum explained that the survival fund and guaranteed off-take schemes were at the core of the N2.3trillion stimulus package of the federal government.

The N2.3trillion stimulus package, also known as the Nigeria economic sustainability plan, is being implemented by the federal government to cushion the impact of the COVID-19 pandemic on the country’s economy.

She said the implementation of the plan was with a view to boosting the economy by saving existing jobs and creating new job opportunities.

Incase You Missed:

AFDB Approves $27.33m for African Union’s Covid-19 Response Initiative

F.G. Spends 20BN in Hazard Allowance Payment to Health Workers

DMO: $22.7 Billion approved loans still intact

Federal Government Not in A Position to Pay Subsidy

Federal Government Releases N14.92b Retirees’ Accrued Rights

Ogun State Workers Declare Strike Over Minimum Wage

 

 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Finance

Nigerian Economy Loses N700Bn to EndSARS Protest – LCCI

Published

on

By

Nigerian Economy losses N700bn TO Endsars Protest-LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has valued the nation’s losses as a result of the ENDSARS protest at N700 billion.
The statement released by LCCI partly reads:

Click to Watch Our Youtube Videos

“The Lagos Chamber of Commerce and Industry is however concerned about the negative impact that the protracted nature of the EndSars protests has on business activities across the country. Over the past twelve days, economic activities have been crippled in most parts of the country and have been particularly profound in the urban areas. The Nigerian economy has suffered an estimated Seven Hundred Billion Naira [₦700 billion] loss in the past twelve days’’.

Incase You Missed:

Senator Dino Melaye’s Recall gathers momentum.

Breaking: Music legend “The Rainmaker” Majek Fashek is dead 

Maritime Workers Union Threatens to Embark On Strike Action

 

Continue Reading

Foreign

10,000 Protesters Defy Thai Crackdown After Emergency Decree

Published

on

Thai protesters

10,000 Thai protesters gathered Thursday in defiance of a sweeping crackdown after authorities moved to crush months of pro-democracy demonstrations by imposing emergency powers and rounding up leading activists.

Protesters chanted “Prayut get out!” and “free our friends!” as they confronted police at Ratchaprasong, a busy junction in central Bangkok, despite a new decree that bans gatherings of more than four people — aimed at quelling student-led demonstrations.

The Government of Prime minister Prayut Chan-o-Cha, a former army chief who initially took power in a 2014 coup, has been the target of the protesters, but they have also taken aim at Thailand’s unassailable monarchy.

Watch Our YouTube Videos:

As night fell, Thai protesters waved their lit-up mobile phones in the air.

Thousands sat on plastic sheets on the road snacking on street food while scores more watched from overhead walkways. Many said they would return Friday evening.

After the emergency measures were announced early Thursday, riot police dispersed hundreds of protesters who camped overnight outside the prime minister’s office.

Incase You Missed:

Boko Haram attacks Buratai’s camp

Three doctors test positive in Nasarawa, says NMA

#EndSARS: Anonymous Syndicate Hacks Government Website

COVID-19: 90 people who showed Coronavirus symptoms test negative in Abuja

OVERCOMING INTERNET ADDICTION-SONI ODOH

Gunmen Kill Seven In Fresh Kaduna Attack, El-Rufai Reacts

PROTECTING YOUR MENTAL HEALTH – A. HASSANAH

Continue Reading

Finance

CBN Invests Over N120bn on Cotton Value Chain

Published

on

Nigeria’s External Reserves Records Decline to $35.67bn

The Central Bank of Nigeria, CBN says it has invested over N120 billion on the Nigerian Cotton value chain and projected over 300, 000 metric tonnes of seed cotton by end of 2020.

This was made known by the Deputy Governor, Corporate Services, CBN, Edward Adamu, at the Cotton, Textile and Garments, CTG, stakeholders meeting tagged ‘Cotton Harvest 2020 season’.

Watch Our YouTube Videos:

According to Adamu, the Apex bank’s intervention is to eradicate smuggling and dumping of textile goods in Nigeria and also to resuscitate and return the lost glory of the cotton textile and garment industry.

He recalls the booming days of the industry that sustained the economy with massive job creation, which in the 1970’s and early 1980s, Nigeria was home to Africa’s largest textile industry, with over 180 textile Mills in operations, which employed close to over 450,000 people.

Explaining that if nurtured properly, the industry can create millions of jobs for Nigerians.

Incase You Missed:

Maritime Contributing N7trn Yearly To Economy – Shipper’s Council

We Will Push Until You Win, President Buhari Assures Okonjo-Iweala

Senate to Debate Petroleum Industry Bill October 20

NIBSS Urges Banks to Protect Customers’ Accounts

CBN to Disburse Nigerian Youth Investment Fund

COVID-19 AND ITS IMPACT ON THE NIGERIA AVIATION SECTOR – SONI-ODOH

 

Continue Reading
COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

GALLANT OFFICER

Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

Currency Calculator

Currency Calculator

Amount
From :
To :

Trending