I blog on Information and guides on markets, products, services & enterprise gro
THE World Bank has projected that up to $22 billion will flow into Nigeria in 2017 through Diaspora remittances, noting that global remittance flow is set to recover this year after two consecutive years of decline. This was contained in the latest edition of the World Bank’s Migration and Development Brief, released, yesterday. According to the statement, “Remittances to low- and middle-income countries are on course to recover in 2017 after two consecutive years of decline.” Diaspora Remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved in recent years such remittances are now being recognised as an important cont...See more
Ahead of the decisions of the Monetary Policy Committee (MPC) today, the Central Bank of Nigeria (CBN) yesterday, boosted liquidity in various segments of the inter-bank foreign exchange market with the total of $195 million. At Monday’s Forex trading, the CBN offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $50,000,000 to the Small and Medium Enterprises (SMEs) forex window. The invisibles segment comprising Business/Personal Travel Allowances, tuition and medical fees, among others, received $45,000,000. The Bank’s acting director in charge of Corporate Communications, Mr. Isaac Okorafor, said the bank continued to intervene in the inter-bank se...See more
In the recently concluded Vanguard personality award, The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele took Time to explain why interest rate is still high He stated: “I sympathize with people when I hear the call on the CBN to reduce interest rates. I share their goal of a reduced single digit interest rate regime in Nigeria. But many people do not seem to understand that in times of high inflation, reducing interest rates make inflationary pressures much worse, with a second round effect of making economic growth even less possible. “It is also important to note that interest rates reflect both cost of capital as well as cost of doing business. If we can ap...See more
The Bank of Industry (BoI), First Bank Nigeria and Afterschool Graduate Development Centre (AGDC) have inaugurated a N500 million Youth Ignite programme towards creating five million jobs within five years. Mrs Funmi Adeyemi, Executive Director, AGDC, said at the occasion on Wednesday in Lagos that human resources were the biggest assets of Nigeria, while youth development was the stimulus required to drive its economic growth. According to her, the Youth Ignite programme seeks to create new jobs, facilitate finance, capacity development and advisory services for micro entrepreneurs. She said that the scheme was anchored on supporting one million entrepreneurs to create five million jobs,...See more
About 308,000 Mercedes-Benz vehicles across the United States will soon be recalled because of a potential fire hazard. According to the Company the problem has been linked to 35 car fires in the country, the company said Friday. Mercedes said its parent company, Daimler AG (DMLRY), determined that there’s an issue with an engine part that can cause an electrical fire. The recall will include certain C- and E-Class vehicles, as well as CLA, GLA and GLC vehicles. “This situation typically occurs in the rare situation where a vehicle is stranded in a significant amount of standing water and the engine stalls and cannot be restarted on the first try,” a Mercedes sp...See more
I will be discussing the following with you.; 1) Practical Processes of GENERATING Business Ideas 2) Guidelines and Examples for Starting MEAGER Budget (less than N50,000.oo) MICROENTERPRISES 3) Guidelines and Examples for Starting LOW Budget (less than N100,000.oo) MICROENTERPRISES 4) Guidelines and Examples for Starting SMALL Budget (less than N500,000.oo) Businesses. 5) Steps in REFINING Your Business Ideas and Plans 6) Do(s) and Don’t(s) of Successfully Implementing a Business Plan 7) The Wide BENEFITS of Business Record Keeping and SIMPLIFIED Ways of Keeping Adequate Records 8) How to AVOID the Crowd of 50+% of Businesses...See more
ABOUT THE BLOGGER
“Uncle” Joe is a seasoned business communication and social, physical, economic and humanistic development (SPEH-DEV) practitioner. He received trainings in baccalaureate and postgraduate levels as well as from various (formal) capacity building, enhancement and vital skills acquisition programmes. “Uncle” Joe brings his wealth of experience to bear in this my Blog .
This blog is designed to serve as a proactive intervention platform for (1) information (trends, updates and analysis), (2) guides on the operations of micro, small and other levels of businesses, (3) on markets, products and services and (4) rendering enterprise development (creation, growth or transformation) services bordering on sustainability and legitimate quests for profits.