Personal finance

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WorldStage Newsonline– Minister of Youth and Sports Development, Sunday Dare has launched the N75 billion Nigeria Youth Investment Fund (NYIF) recently approved by Federal Government as youth-owned registered businesses could apply for up to N3 million while a non-registered business could draw up to N250,000.

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Chief Femi Pedro, the Chairman Governing Board of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has urged Micro, Small and Medium Enterprises (MSMEs) in all categories to register on the SMEDAN website to benefit from the existing national policy for MSMEs.

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Pan African financial institution, United Bank for Africa (UBA) Plc has launched ‘Click Credit’, a time loan designed to address the urgent needs of customers whose salary accounts are domiciled with the bank.

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Social enterprise, Soupah, is preparing to go head-to-head in a series of spirited pitches with 25 of the hottest start-ups from around the world. Ifeoluwa Olatayo and her business Soupah has won the Nigerian final of the Chivas Venture; a global competition from leading blended Scotch whisky Chivas that gives away $1 million in no-strings funding every year to social businesses that blend profit and purpose to have a positive impact on the world.

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The third edition of the Mastercard Index of Women Entrepreneurs (MIWE) has listed three African countries as global leaders in terms of women-owned businesses. Uganda, Ghana and Botswana are ranked as the top three countries with the highest percentages of women-owned businesses across the 58 markets evaluated around the world.

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The Consul General of the U.S. in Lagos, Claire Pierangelo, says entrepreneurship is a key driver of economic growth and success.

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United Bank for Africa Plc, the pan African financial institution with a network that spans 20 African countries, the United Kingdom, the USA and with presence in Paris, has announced impressive performance in its unaudited 2019 Third Quarter Financial Results, with significant growth in Gross Earnings, which rose to N428.22 billion, representing a 14.2 percent increase when compared to N374.8billion recorded in September 2018.

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The Kwara State Government is understudying the TraderMoni programme of the Federal Government to extend soft loans to traders and reduce mass poverty in the state.

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Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says Small, Micro and Medium Enterprises (MSMEs) employ 59.7 million people in Nigeria.

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The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme.

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Source: https://worldstagenews.com/category/business/personal-finance/

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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