Lagos unveils state-owned microfinance bank to boost small businesses

Ibile Micro Finance Bank (MFB) has been commissioned by the Lagos State government at the weekend to boost inclusion and aid to micro, small and medium scale enterprises (MSMEs) in the state. Commissioner for Finance, Akinyemi Ashade disclosed that the initiative was aimed at reducing poverty and unemployment in the state. His words “This is another milestone in the history of financial inclusion of Lagos State. Recently, the committee on financial inclusion put together by the Central Bank of Nigeria (CBN) visited the state and observed that about 70 per…

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Elumelu urges support for African businesses, lauds Afrexim Bank for Contributions to Cross-border Trade

Mr. Tony Elumelu, Chairman of Heirs Holdings and the Tony Elumelu Foundation, has congratulated Afrexim at the just concluded Annual General Meeting of the African Export-Import Bank (Afreximbank) held in Kigali, Rwanda, for the critical support that the bank, led by the President, Dr. Benedict Oramah, provides for African businesses and its significant contribution to the development of cross-border trade and investment in Africa. Elumelu highlighted the role of African institutions, such as Afrexim, commenting that the bank’s mission was further evidence of Africa’s own ability to provide long-term, strategic…

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Police, OPC arrests 100 Badoo cult members

About 100 suspected members of the dreaded Badoo Boys cult have been arrested during a joint raid on the group’s hideouts by operatives of the Rapid Response Squad, RRS, of Lagos State Police Command, Anti-Robbery operatives, members of the Oodua peoples Congress, OPC, and members of vigilante groups in Ikorodu. Members of the cult had laid siege to Ikorodu and environs, unleashing an orgy of killings, during which they used heavy stones to crush the skulls of their victims. Reliable Police sources yesterday, quoted a suspected member of the dreaded…

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Access Bank gets Aa Rating from Agusto & Co.

Access Bank Plc’s rating has been raised from “A+” to “Aa-” by foremost Nigerian rating agency, Agusto & Co. The upgrade reflected Access Bank’s strong financial profile, resilient profitability levels, and solid capital position, a statement from the bank said at the weekend. Agusto & Co. also recognised Access Bank as an institution of a very good financial condition and strong capacity to meet its obligations. The rating was further supported by the bank’s strong domestic presence, supported by an extensive branch network, good liquidity profile as well as experience…

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Ex Jonathan aide Doyin Okupe dumps PDP

Dr. Doyin Okupe, former Senior Special Assistant on Public Affairs to Ex-President Goodluck Jonathan, has dumped the Peoples Democratic Party, PDP, saying the party has no future in Nigeria. The Ex-Jonathan’s aide who announced his resignation from the party via his Facebook page said the time has come to bid PDP good bye. He said his reasons for dumping the party is because of the internal crisis and other problems rocking it. The statement reads: “It is time to say GOODBYE TO PDP. ?It is with deep regret that I…

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ntel gets huge endorsement over #halleluyahchallenge

ntel, Nigeria’s first 4G/LTE Advanced network received an unsolicited PR boost early in the evening of Saturday July 1, 2017. The boost came from an Instagram post made by gospel artiste, Nathaniel Bassey, and visionary behind the viral #halleluyahchallenge which ran from June 1 to June 30 2017 during which Mr. Bassey led a praise worship session via Instagram. The challenge was so successful, it notched up over 550,00 followers for the artiste, landed him a spot on CNN and saw his account verified by Instagram. In the evening tweet,…

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Adeboye, Okonkwo, Oyedepo order Christian students to boycott Arabic Studies’ classes

Amid reports that Arabic studies was being imposed, Pastor Enoch Adeboye, the General Overseer of the  Redeemed Christian Church of God; Bishop Mike Okonkwo of The Redeemed Evangelical Mission (TREM); Bishop David Oyedepo of the Living Faith Church; Rev. Felix Omobude and Pastor W.F. Kumuyi of Deeper Life Church, among others, have ordered Christian students across the country to boycott Arabic Studies. The top pastors spoke, last week, after a meeting in Lagos under the auspices of the Pentecostal Fellowship of Nigeria (PFN). Also present at the meeting were Rev.…

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Lionel Messi marries childhood sweetheart

Lionel Messi and Antonella Roccuzzo his childhood sweetheart and mother of their two children said “I do” on Friday in his Argentine hometown Rosario, where footballers and celebrities gathered for the “wedding of the century.” Following the private ceremony, the couple appeared happy and relaxed as they walked a red carpet before hundreds of journalists at a hotel and casino complex, Roccuzzo donning a tight, mermaid-style gown by Spanish designer Rosa Clara. The couple’s children Thiago, four, and Mateo, one, had front seats at the ceremony attended by some 260…

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GTBank Masters Cup: St Finbarr’s, Queens College win

The 2017 GTBank Masters Cup has produced Saint Finbarr’s College Bariga and Queens College Yaba as winners in the male and female champions category. The final matches were decided at the Onikan Stadium, Lagos Thursday where the two schools triumphed over their challengers in a classical manner. In the female final, which preceded the boys’, Queens College put everything to play when they trounced Ansar-Ud-Deen Girls High School, Itire 2-0 in an exciting match that attracted a near capacity crowd which was dominated by students from various schools. The first…

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New York hospital attack: Gunman opens fire, kills doctor

According to officials, a man opened fire in a busy New York hospital on Friday afternoon, killing a female doctor and wounding six other people before turning his weapon on himself. The shooter was himself a doctor and former employee of the hospital, according to Mayor Bill de Blasio and police chief James O’Neill, who ruled out a connection to terrorism. He entered the building in a white coat with an automatic weapon concealed under his shirt, officials said. The incident occurred at the 1000-bed Bronx-Lebanon hospital just before 3…

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