Tag: development

FirstBank Partners with CDC/BII to Support Women and Small Business Owners with a US$100 million Credit Facility

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its partnership with CDC Group, the UK Government’s development finance institution on a US$100 million finance facility to FirstBank. This new facility will direct funding to women-owned and led businesses as well as to local[Read More…]

Olumide Set To Give Back To The Society

It takes a kind hearted person to remember his source. Volunteering one’s time to support a cause his passionate about is something such a person will never regret. It will enrich his life, familiarize him with his community, and connect him to people and ideas that will positively impact his[Read More…]

Mediacraft Associates Appoints Segun McMedal as Director of Innovation And Business Development

Mediacraft Associates, a Public Relations consultancy firm, and Nigeria affiliate of the FleishmanHillard global PR network, has announced the appointment of Segun McMedal as the firm’s new Director of Innovation and Business Development. His appointment takes effect from Monday, January 4, 2021. McMedal, an experienced PR practitioner, is the current[Read More…]

New VAT will affect small businesses

A section of the Nigerian economy which will feel the impact of the recent increase in Value Added Tax from 5% to 7.5% is Micro Small and Medium Enterprises (MSMEs). President Muhammadu Buhari recently signed the Finance Bill which among other things, increased Value-Added Tax (VAT) from 5% to 7.5%[Read More…]