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If you are a small or medium business owner, establishing a relationship with a bank by opening an account can help boost your personal business. Banks are the major lending institutions to individuals and organisations in the society. However, to access loans from banks, the borrower needs to understand what they require in order to qualify for any credit facility. It is relevant to know that banks do not just give out loans to anybody that approaches them. The lender needs enough evidence from the borrower on his ability to repay the facility that he is asking for.

By Michael wakalor: Over 20 shipping firms have exited Nigeria’s shores bemoaning the greater obstacles they face as a result of unfavourable government policies and the global economic crunch. The Dockworkers Union of Nigeria (DUN) lamented that over 3,000 workers have already  been laid offby various shipping companies, terminal operators and logistic companies, owing to a lack of financing and the poor import policies of the Federal Government.

Eke Ubiji, the Executive Secretary of the Nigerian Association of Small & Medium Enterprises (NASME), has placed the majority of the blame for the sudden rise in the number of collapsed and ailing companies in the country at the feet of the Federal Government. He said these companies would not have shut down if they had received adequate support from the FG in terms of low rates on foreign exchange and supportive governmental policies.

Aviation sector experts say increase in the price of aviation fuel from N105 to N220 per litre in Nigeria may soon cause airlines operating in the country to move to Ghana where aviation fuel is sold for N110 per litre.
Emirates airline for the first time flew to Ghana to buy fuel for its Abuja flight 2 days ago.  According to BusinessDay, a source who craved anonymity revealed that British Airways also buys fuel from Ghana. The source said more airlines will soon leave for Ghana to buy fuel since it is cheaper to buy from the country.

Insurance companies are seeking ways to reduce operational costs in order to increase their profits.

By Roland Hutchinson Apple released its financial results for its fiscal Q3 of 2016 and the company had revenue of $42.4 billion, this is down 15% on the same time last year.

  Aliko Dangote, president of Dangote group, has dropped off the list of the 100 richest people in the world following the crash of the naira.

Amidst growing insecurity concern in the oil rich base of Nigeria’s south south, India’s Bharat Petroleum Corporation Limited,BPCL has  issued a spot tender to purchase several Malaysian light sweet crude grades, raising expectations that more Indian end-users could switch their focus to Southeast Asian supplies amid growing uncertainty over the exports of Nigerian crude grades. 

Opportunity for prospective retailers and a new shopping experience for shoppers are coming the way of the residents of Asaba and environs as the $45 million Asaba Mall readies for delivery in the next five months of this year. The mall which sits on a gross floor area of approximately 9,500 square metres with approximately 7,500 square metres lettable space is located at the popular Interbau Roundabout where Summit and Okpanam Roads intersect, just by the flyover in Asaba, the Delta State capital. A project promoted by Resilient Africa (Pty) Limited which is a joint venture between Shoprite and Resilient REIT, Asaba Mall has 39 shops of various sizes with the anchor shop spread out over 3,000 square metres already taken up by Shoprite—the South African retail chain. The mall is targeted at retailers who operate locally, nationally and internationally and trade on a wide range of goods and services such as boutique, entertainment, furniture, household goods, fa...

In what many people might consider bizarre, Ulises Flores took it to another level when he proposed to his girlfriend, Cassie Jensen, while scuba diving off the coast of Florida.   

Living Together: How Africa’s Young Can Thrive – Bill Gates

  The Central Bank of Nigeria (CBN) with effect from yesterday, mandated all banks and other financial institutions in the country to register all collateral used in obtaining loans with the Nigeria Collateral Registry (NCR).

The flexible foreign exchange policy driven by the Central Bank of Nigeria (CBN) opening today, analysts have predicted a volatile and interesting trading for the day.

Minister of Communications, Adebayor Shittu has said that the reduction of the $5.2 billion (about N1.4 trillion) fine slammed at telecommunication giant, MTN was to encourage foreign investments into the country.

For the third time, the Naira has maintained the same value in exchange for US dollar at the black market.

The Central Bank of Nigeria is set to open the interbank market where the Naira will be allowed to trade unhindered against other currencies on Monday.

Banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday, a senior banking official has stated.

A court ruling in Beijing, has banned the sale of the iPhone 6 and 6 Plus in China over its similarity to an existing Chinese device. The phones had been deemed similar to Shenzhen Baili’s 100C phone, with the intellectual property court ruling against Apple.

Stanley Opara The market capitalisation of the Nigerian Stock Exchange appreciated by N64bn at the close of trading on the Exchange’s floor on Thursday with Unity Bank Plc, Nestle Nigeria Plc

                                  A BUJA —TOMATO Pastes manufacturers in the country, including Dangote Farms, Erisco Foods Limited and Savanna Farms, yesterday told the House of Representatives Joint Committees on Health Care Services and Drugs and Narcotics that over 91.1 per cent of the product in the country