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Federal Executive Council (FEC) of Nigeria Approves $27.2m Loan from the International Fund for Agricultural Development (IFAD) for Rural Microfinance
The Federal Executive Council (FEC) of Nigeria, presided over by President Umaru Musa Yar’Adua, approved a USD 27.2 million loan from the International Fund for Agricultural Development (IFAD), as reported by AllAfrica.com. The loan, along with a USD 400,000 grant from IFAD, will constitute the core financing of IFAD’s Rural Finance Institution-Building Programme (RFIBP), a seven-year plan to strengthen rural microfinance institutions (MFIs) in Nigeria as well as establish increased linkages between MFIs and mainstream financial institutions.

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Ladybrille Exclusive:Interview with Storm Records' Music Mogul, Obi Asika
This is Part I of my indepth interview with Obi Asika, Executive Chairman of Storm Media and Entertainment Group; one of the biggest players in music and entertainment in Nigeria--think SonyBMG Music Entertainment Group although not quite the same reach, for now. In Part I, I ask and Obi candidly responds to questions on his background, managing artists, substandard music videos and the lack of sophisticated African fashions in Nigeria/Africa's music videos. In Part 2, Obi & I discuss the music business in Nigeria & Africa, entrepreneuralship, piracy, artists abuse, technology/new media, Nollywood and international expansion and collaborations.

Central Bank of Nigeria (CBN) Approves Conversion of Community Bank into Microfinance Institution (MFI)
The Central Bank of Nigeria (CBN) has approved the conversion of the Olabisi Onabanjo University Community Bank Limited into a microfinance bank. The community bank has operated on the campus of Olabisi Onabanjo University in Ago-Iwoye, Nigeria since March of 2003, and the majority of its shareholders are affiliated with the university. One source reports that, in its first year in business, the bank made a surplus that was “far in excess of its total paid up capital,” but no other sources were found to corroborate this information and no further information was found on the OOU Community Bank.
Government Support for Entrepreneurship in Nigeria : Exploring entrepreneurship in a declining economy
Recognizing the indispensability of the small-scale, private sector enterprise as the dynamic impetus for general economic development, many countries have instituted enterprise support networks and structures to fuel the development of these enterprises. Nigeria is not an exception in this regard. At various times since the 1970s, the government has designed and introduced a variety of measures to promote small and medium enterprise development. These measures included fiscal, monetary and export incentives.

Federal Executive Council (FEC) of Nigeria Approves $27.2m Loan from the International Fund for Agricultural Development (IFAD) for Rural Microfinance
The Federal Executive Council (FEC) of Nigeria, presided over by President Umaru Musa Yar’Adua, approved a USD 27.2 million loan from the International Fund for Agricultural Development (IFAD), as reported by AllAfrica.com. The loan, along with a USD 400,000 grant from IFAD, will constitute the core financing of IFAD’s Rural Finance Institution-Building Programme (RFIBP), a seven-year plan to strengthen rural microfinance institutions (MFIs) in Nigeria as well as establish increased linkages between MFIs and mainstream financial institutions.

Mary Onyali, 20 Years and Still Running Strong
Mary Onyali aka the “African Sprint Queen" is a woman you should get to know. Over two decades ago, when the social norm for a female in Nigeria was everything but being an athlete, Onyali went against the norm getting involved in the sport of track and field and continuing on to compete for Nigeria and Africa, on a national and international level. Since her entrance into the world of track and field, Onyali has opened the door for many women as well as amassed numerous medals along the way: Commonwealth Games medals, three World Cup medals, four African Games gold medals and two Olympic bronze medals, are just a few of her achievements. Onyali now embraces a new and frankly speaking daunting task, manufacturing and distributing the first ever sports apparel wear in Nigeria.
Bola Atta, Editor-in-Chief True Love West Africa, Personality of the Month!
Fashion icon and Editor-in-Chief for Vogue, Anna Wintour, is one personality that helped raise the profile of fashion/lifestyle magazines from mediocre to excellent. In Nigeria, Bola Atta, Editor-in-Chief for TRUE LOVE West Africa Magazine a subsidiary of South Africa's Media24 Publications, has had the same effect. Atta through her management of TRUE LOVE West Africa has succeeded in raising the bar of fashion and lifestyle magazines in Nigeria from mediocre to superior quality, commanding millions of loyal readers. Her hard work, brilliant creative vision and managerial skills earns her Ladybrille®Nigeria Personality of the Month for August. Read on as we delve into media/publishing in Nigeria and of course reveal a lot more in our exclusive about the seemingly mysterious brilliant Ms. Atta!

Change starts with you
“Only Government can fix the mess we are in”, President Obama. “Government is the problem…”, Nate McCulloch Gwinnett Daily Post We speak of government as if it were our neighbor, pastor, teacher, friend or foe. It is none of these and yet it is all of these. Government, at any level, is simply an organizational structure and is incapable of any action or activity until people are inserted into the equation. Our founding fathers meant it when they said “of the people, by the people and for the people” So the problem and/or solution lie with us.

How Can I Win Government Contracts? Part 1
I know the government has specific initiatives to recruit and hire small business contractors for governmental projects but how can I get these jobs? I started my search on this topic at the source, the government. On the SBA website there are tutorials on how to apply for and win government contracts. By taking one of these convenient online courses all of my questions were answered. I want to share some of this information but I would also recommend that anyone interested in acquiring government contracts take this online course themselves.

How Can I Win Government Contracts? Part 2
I know the government has specific initiatives to recruit and hire small business contractors for governmental projects but how can I get these jobs? I started my search on this topic at the source, the government. On the SBA website there are tutorials on how to apply for and win government contracts. By taking one of these convenient online courses all of my questions were answered. I want to share some of this information but I would also recommend that anyone interested in acquiring government contracts take this online course themselves.

If Business Ran Like the Government
The big news these days is the federal government’s debt ceiling. Every time Washington gets into one of these messes - which it does a lot - people renew the discussion about how government should be run. “If I ran my company the way they run the government…” The outcome is usually bankruptcy or prison. Should government be run like a business? That’s a debate for another article. But, the surprising thing is many business ARE run like the government. Do you understand how to manage cash flow in your business? Does your company cater to special interests, waste money or time or push problems aside instead of addressing the real issue?

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