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Rosabon Plans N10bn Loan Facility For SMEs

Non-banking financial service provider, Rosabon Financial Services, has announced a new loan facility of up to N10bn for eligible small businesses and corporate organizations in Nigeria. Rosabon said in a statement on Sunday that the fresh facility was part of its continued commitment to supporting Nigerian businesses, especially in the face of the unravelling impact …

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FG To boost Agric earnings

With substantial boost in production of many agricultural produce and traders from central and North African countries flooding Nigeria to import commodities, the Federal Government (FG) is moving to maximize its advantage by resuscitating the moribund Nigeria Commodities Exchange (NCX). Since the abolition of marketing boards by the Babangida administration, there has not been any …

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ECOWAS urges Nigeria, others to reform economies

A West African bloc called on Nigeria and other countries to undergo “necessary structural reforms” to improve their economies, as a collapse in oil and commodity prices continues to cripple economic growth. Nigeria and other member countries should “take appropriate economic and financial stimulus measures in order to be less vulnerable to commodity price fluctuations …

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Approve NCC’s Data price floor- MTN urges senate

The Chief Executive Officer of MTN Nigeria, Ferdinand Moolman last week appealed to the senate to consider the Data price floor as set by the Nigerian Communications Commission, NCC, saying that data price is among the lowest in the continent. Moolman who made presentations in Abuja, at the Senate hearing on Data price floor, also …

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CBN, NDIC plan AMCON’s replacement, Warn on Bitcoin transactions

The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have commissioned a study on the establishment of an institution that would take after the Asset Management Company of Nigeria (AMCON) at its expiration. The institution, which is being scripted as a private sector-led initiative to avoid the use of public fund …

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ENJOY A RELAXING CHRISTMAS WITH THE EMBER LOAN PROMO

Every year, Award Winning Rosabon Financial Services, Nigeria’s foremost non-banking financial intermediary firm, organizes end of the year promotions for its customers to appreciate and reward them for their continuous patronage. This year we decided to give our customers a wonderful treat to ease them of the stress they may have encountered, especially with the …

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FG plans lower tax rate for MSMEs

THE Minister of Finance, Kemi Adeosun, last week said that the federal government will propose reduction in the income tax rate applicable to the Micro, Small and Medium Enterprises, MSMEs, as an incentive to encourage compliance and promote the sector. The minister said this in Lagos, at a Coalition of MSMEs stakeholder Public Private Dialogue, …

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Oil may rise to $55 if all producers cooperate – Iran

Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC will agree to cut production, but market watchers reckon a deal may pack less punch than Saudi Arabia and its partners want. Brent crude has risen 6.5 percent in the last two weeks, hitting nearly …

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Budget 2016: FG spends N3.577tr in 9 months — Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016 He disclosed this in Lagos at the KPMG CFO Forum saying: “The Federal Government has spent about N3.577 trillion as at September 2016 …

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