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republic of nigeria Tagged Articles
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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
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| 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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Other republic of nigeria Related Articles
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Ladybrille Exclusive:Interview with Storm Records' Music Mogul, Obi Asika
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| 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. |
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Central Bank of Nigeria (CBN) Approves Conversion of Community Bank into Microfinance Institution (MFI)
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| 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. |
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Moving Beyond the Batey
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| Dieula's story - The Dominican Republic |
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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
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| 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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An Overview on Dominican Tax Law
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| Taxation in the Dominican Republic is governed by Law No. 11-92 of May 31, 1992, commonly known as the Tax Code (“Código Tributario”), its amendments and regulations (“Reglamentos”). This overview is a brief summary of the Tax Code’s most relevant provisions. All references in parentheses refer to articles in the Tax Code unless otherwise specified.
Taxes are collected by the Bureau of Internal Revenue (“Dirección General de Impuestos Internos”or DGII), an autonomous government entity which may also issue its own regulations (“Normas”).
Dominican income tax law is primarily territorial. All income derived from work or business activities in the Dominican Republic is taxable, no matter if the person is a Dominican, a resident foreigner or a nonresident foreigner (Articles 269 and 270). |
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Mary Onyali, 20 Years and Still Running Strong
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| 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. |
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Bola Atta, Editor-in-Chief True Love West Africa, Personality of the Month!
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| 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!
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The economic implications of global remittances for SMEs
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| Immigrant entrepreneurs (most of them Micro-enterprises and SMEs are also ‘social actors’, who participate actively in transnational activities. For example, in the Dominican Republic, there are hundreds of small- to medium sized transnational enterprises (SMEs),including small factories, commercial/retail establishments and financial agencies. Such ventures are created and run by former migrants, who have returned to the Dominican Republic after acquiring capital and establishing ties with migrant communities in the United States, thus acquiring clients and investors abroad.
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A NEW FINANCIAL ARCHITECTURE FOR CRISES PREVENTION AND DEVELOPMENT OF THE INFRASTRUCTURE AND SMALL AND MEDIUM ENTERPRISES AND CRAFTS (SMEs) in the République of Gabon - Union-Work-Justic
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| The WUSME Delegation during its mission to Gabon 31 Jan - 5 Feb 2011 learned that presently no affordable programs for Micro-financing are available in the Republic of Gabon. BGFI Bank informed us that loans are been offered to SMEs at 18% annual interest plus cost of insurance against bankable guarantees. These conditions are unaffordable to SMEs and Crafts. There might be forthcoming special programs sponsored by UN Organisations, Worldbank or other Sponsors, but such single programs would only be available during a short period of time and are hence not sustainable. („Drop - on a hot stone - actions").
The Parliament of the Republic of Gabon shall decide tax law for imposing a tax of proposed 0,05% on all currency transactions of Banks, Fx-Brokers and Money Transfer Companies, e.g. WESTERN UNION. |
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The African Market: Challenges for SMEs and Responses
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| In the presentation of WUSME World Union of SMEs on 20th May 2011 at the VI.African Summit, chaired by the former President of the Federal Republic of Nigeria H.E. Obasanjo, the market trends and opportunities for Micro- Small and Medium Enterpriseswere summarized as follows: Focusing on the economic development in the „Danger Zones” of the African Continent, the Sub Saharan Countries remain a challenge and urgently need to be addressed. These are the African Savanna and Sahel: Niger, Sierra Leone, Mali, Burkina Faso, Guinea-Bissau, Central African Republic, Chad, northern Uganda, Ethiopia and Somalia.
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