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Nigerian Government Creates $426m Microcredit Development Fund
Nigerian President Alhaji Musa Yar’Adua announced the creation of an N50 billion (the equivalent of over USD 426 million) microcredit development fund to be administered by the Central Bank of Nigeria (CBN). The new fund will be used to provide existing microfinance institutions (MFIs) with funding for credit creation and operational expenses.

References: Exploring entrepreneurship in a declining economy
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1.18 Building bridges: Working Out of Poverty
The majority of people in developing countries live and work in the back alleys of the marketplace, the informal economy, the rural subsistence economy and the care economy.This presents a major challenge.

The Nigerian Context - A Story of Decline: Exploring entrepreneurship in a declining economy
Nigeria is usually referred to as the giant of West Africa in that, with a population estimated at over 100 million, one in every two West Africans is a Nigerian. The country's GDP is larger than that of all the other countries in West Africa combined. Its GDP is actually larger than that of all countries in the African continent with the exception of South Africa. (Adaya, 1998).

Nigerian Government Creates $426m Microcredit Development Fund
Nigerian President Alhaji Musa Yar’Adua announced the creation of an N50 billion (the equivalent of over USD 426 million) microcredit development fund to be administered by the Central Bank of Nigeria (CBN). The new fund will be used to provide existing microfinance institutions (MFIs) with funding for credit creation and operational expenses.

South African Microfinance Institution (MFI) Blue Financial Services and Nigeria’s Intercontinental Bank to Launch $25.9m Microfinance Bank
Blue Financial Services (BFS), a South African microfinance institution (MFI), and Intercontinental Bank Plc, Nigeria’s largest commercial and retail bank by assets, are collaborating to launch a Nigerian microfinance bank capitalized at NGN 3 billion (USD 25.9 million), the largest such institution in the country.

The Recession Is A Perfect Time To Grow Your Home Business
Some economist say we are already in a recession while others say it is slowing down and soon the U.S. economy will be booming again. I am no specialist on the economy but it doesn’t take a rocket scientist to realize that the economy is definitely in a “down turn” What I do consider my self to be is an opportunist

Falling Off the Economic Cliff
Economy, economy, economy... Stimulus, stimulus, stimulus... Reminds me of 'location, location, location', and I am pretty sick of hearing that too. If you're tired of hearing about the economy and stimulus, do something about it. This article talks about the permanent change facing businesses today and what you must do if you want to survive. Remember, no good crises should be left unexploited - opportunities abound.

Palms Shopping Mall, Changing Retail Distribution in Nigeria
South Africa owned, Nigerian managed 'The Palms Shopping Mall' launched in 2005 is a major contributor to changing retail distribution and ultimately the retail experience for Nigerians, particularly the growing middle class to affluent. The Mall's opening provided significant channels of distribution to allow manufacturers reach buyers who are ready and able to spend.

All economics is local
The media tries to report on the world economy or the national economy, or even the economy in Detroit or LA. This is easy to talk about, statistically driven and apparently important to everyone.

How to Make Wealth In Today’s Economy
The new world order is fast approaching. Systems are failing all around us and the global economy is in chaos. Your personal economy does not need to suffer. You can have a world renowned financial expert teach you how to make wealth in today’s economy.

Three “A’s” to Total Success
While personally I don’t see our economy changing much at all this year, any of you who read my column on a regular basis know how I feel about the economy helping us with our business lives. If you wait for the economy to help your business, chances are your business won’t be around; if and when the economy rebounds. So what can and should you do? Adopting these three habits will get you off to a strong start toward changing your business and your life:

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