Lazywrita's Blog: Emmanuel Adebayor Reveals More Dirty Secrets On Hi...

Lazywrita's Blog: Emmanuel Adebayor Reveals More Dirty Secrets On Hi...: The footballer has shared the part two of his family travails via his Facebook page for every other African family to learn from. Read ...

SME LENDING:125 MILLION US$ APPROVED LINE OF CREDIT TO ZENITH BANK

AfDB Approves US$ 125 Million Line of Credit to Zenith Bank for On-lending to SMEs

 

This 4th LOC to Zenith approved by the AfDB’s Board of Directors on Wednesday 26 March 2014 in Tunis, will enable Zenith gain access to long-term foreign currency funding to generate additional lending to its SME clients operating in various sectors of the Nigerian economy including agriculture and agribusiness, transportation and  manufacturing.

In approving the LOC, the Board of Directors underscored the fact that the SME sector represents a strategic pillar for Nigeria’s quest to modernize and improve its economy while diversifying away from the heavy dependence on the oil industry. Read more after cut

PROMICUOUS NIGERIAN PASTORS SAYS TOUCH NOT MY ANOINTED WITHOUT SHAME

I have read with dismay the evil committed in the so called houses of God in Nigeria. I do not know but maybe the high rate of poverty is what makes Nigerians the highest number of worshipers in the world even thou this does not reflect in our treatment of one another. The Bible says "love your neighbor as yourself". This quote is the direct opposite of what transpires in our society.

What i hear now is how so called men of God use their female members including married women. Sometime in Abuja, precisely in Nyanya a pastor claimed he had God given powers to make women pregnant and he could only transfer the power by sleeping with the women. poor women looking for fruit of the womb flocked  his church in search of a child. A certain woman from the church invited her friend to service knowing she was looking for a child.

Her friend attended church with her and stood up to be recognized as a first timer, it was at that point that she was asked to stay back and see pastor after service. Read more after cut

THE SAGA OF APPOINTING 1ST CLASS CHIEF'S IN BENUE STATE CONTINUES

SAN Wants Court To Imprison Benue Attorney-General, Suswam’s Adviser

A Makurdi-based Senior Advocate of Nigeria (SAN), Tony Ijohor, has asked the Benue Chief Judge, Justice Iorhemen Hwande, to imprison the state’s Attorney-General, Mr Philip Ierkwagh, for contempt of court.

Ijohor urged the court to also commit the Special Adviser to Governor on Local Government and Chieftaincy Affairs, Mr Solomon Wombo, to prison for same reason.

He made these submission on Monday when he moved a motion brought by a member of the House of Assembly, Mr Benjamin Adanyi, against Gov. Gabriel Suswam and eight others.

Adanyi challenged the passage of Benue State Council of Chiefs and Traditional Councils Bill/Law by the assembly on April 7, 2015.

WITH THE WIND OF CHANGE I EXPECT OUR UNEMPLOYMENT RATE TO LOOK LIKE THIS SOON..

US created 223,000 jobs in Apr vs. 224,000 expected; unemployment rate at 5.4%

The U.S. economy created 223,000 jobs in April, bouncing back from a sluggish period the first three months of the year, as companies shook off the effects of a surging U.S. dollar and falling profits. The unemployment rate fell to a seven-year low of 5.4 percent, the Labor Department said Friday.

EVENT: NEA IS 10 YEARS OLD

In July of 2006, the first edition of the Nigeria Entertainment Awards (NEA) took place in Washington DC, USA.

The Award which was established to recognize the contributions of Nigerian and African entertainers to a new target market but instead of hosting the Awards in Nigeria which would have been the obvious choice, the organizers decided to launch it in North America with the hope that the Award will help spun and project Nigerian culture to an international audience.

Since then the Award show has been held primarily in New York City, the mecca of the entertainment industry.

Many people still question the organizers motives and why the Awards is held outside the shores of Nigeria. But one thing remains clear; NEA Awards has been very instrumental for African entertainers. It has allowed African entertainers to increase their profile in North America thereby creating demand, which today, has set the premise for many US tours and international appeal for Nigerian entertainment.

This year, the organizers of NEA Awards will host the 10th edition of the Awards.

On June 11th, 2015, the organizers will announce the nominees for the 10th edition of the show and that should get the industry buzzing.

We should support Nigerians who are promoting our local entertainment industry outside the shores of this country, these will increase the export of our music and creativity. Kudos to the organizers of this award.

Source: Pulse ng

CBN APPOINTS FIRST BANK AND UBA TO ADMINISTER N200 BILLION AGRIC FUND

The Apex bank of Nigeria and the Nigerian government has a lot of funds meant to help people start or expand an already existing business. The unfortunate thing is information about such funds is not adequately made known to Nigerians who are supposed to be the beneficiaries. On this blog, we will keep informed of every funding opportunity we know about and or will come across because information is power.
 

The Central Bank of Nigeria (CBN) has appointed two banks – First Bank of Nigeria Plc and United Bank for Africa – to administer the first phase of the special N200 billion fund set by it and the Federal Ministry of Agriculture and Water Resources to promote commercial farming in Nigeria. The two banks are to administer the fund under the Commercial Agricultural Credit Scheme (CACS) and loans granted under the scheme shall have a maximum tenor of seven (7) years. The apex bank in its guidelines for disbursement of the funds specifically noted that interest on the loans shall not exceed 9%, inclusive of all charges, and that rescheduling of repayment shall be approved only by the Project Management Committee. FirstBank has maintained a history of strong commitment to the agricultural sector. From the early days of currency distribution in support of produce trade between West Africa and Europe to its present status as a financial supermarket, FirstBank has continued to play an exemplary role in the development of the nation's agricultural and allied sectors. According to the guidelines on the administration of the fund, the minimum asset base for eligible agricultural enterprises has been fixed at between N200million and N350 million depending on whether applicant is focused on a single enterprise or is integrating various enterprises. There is also no minimum borrowing limit. Borrowers under the Scheme are Corporate and Large Scale Commercial Farm/Agro Enterprises and state governments. Corporate and large scale commercial farms could either be Integrated Large Scale Farm or Agro-based Enterprises with assets, excluding land, not less than N350million with prospects of growing the assets to N500 million within the next three years, or non-integrated Commercial Farms /Agro-enterprises with assets (excluding land) not less than N200 million with prospects of growing the assets to N350million within the next three years. All State Governments/FCT can access up to twenty percent (20%) of the N200billion (i.e. N40billion) through specialized agencies or secretariat established for the purpose of on-lending such funds to Co-operative Unions, Co-operative Societies, Self-Help Groups and Agricultural Commodities Associations in their respective states. FirstBank's agricultural financing operations under the umbrella of FarmersFirst cover a wide array of agricultural activities ranging from production to processing and marketing. The Bank’s services are designed to suit the entire range of micro, small, medium and large agricultural businesses, including Guaranteed Fund Credit (GFC), Cooperatives/Linkage Banking Scheme, FirstBank Agricultural Credit to Schools (FACTS), Industrial End-user's Outgrower Scheme, Multi-Channels Agricultural Finance Scheme (Multi-CAFS), Agricultural Produce Finance, amongst others.