ACCESS BANK RESTATES COMMITMENT TO FUNDING SMES
Access Bank Plc has restated its commitment to the provision of funds and loans to Small and Medium-scale Enterprises (SMEs), PUNCH reports.



The Group Managing Director/Chief Executive Officer, Herbert Wigwe, while speaking at the seventh German-Nigerian Business Forum in Lagos, said the bank recognised that the greatest problem facing SMEs was access to finance.

He said the bank was committed to the provision of finance to SMEs at cheap rates.
Read more..........https://newsbreakers.ng/access-bank-restates-commitment-to-funding-smes/



GROUP WANTS CONSTITUTION AMENDMENT TO CHECK BUDGET DELAYS
The Centre for Social Justice on Sunday called for an amendment of the 1999 Constitution to adjust the timeframe for the submission of the annual budget, PUNCH reports.



It said the amendment of the constitution should be done in a manner that would give both the executive and the legislature a specified timeframe to submit and approve annual budgets.

In recent times, there has been disagreement between the executive and the National Assembly over the passage of the annual budgets.
Read more..........https://newsbreakers.ng/group-wants-constitution-amendment-to-check-budget-delays/



EXTERNAL DEBT SERVICING MAY POSE A PROBLEM ― REWANE
The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has raised concern over the nation’s ability to service its foreign debts.



Rewane, during a presentation at a breakfast session sponsored by Rand Merchant Bank in Lagos, said his prediction was based on the multiple scenario analyses by the firm.

He said the forecast for the nation’s economy showed a mixed outcome of positivity and negativity.
Read more........https://newsbreakers.ng/external-debt-servicing-may-pose-a-problem-%E2%80%95-rewane/



EXPORTERS LAMENT AS N500BN INTERVENTION FUND SITS IDLE
There has been little or no disbursement from the N500bn Non-oil Export Stimulation Facility established in 2016 to provide single-digit interest loans to non-oil exporters, leaving them to contend with the high cost of borrowing from regular banks, ANNA OKON writes



Applications for the N500bn Non-oil Export Stimulation Facility that is meant to provide very cheap funding for exporters are piling up at the Central Bank of Nigeria, thereby frustrating the purpose for which it was set up.

Our correspondent gathered from reliable sources that only N20bn had so far been disbursed from the fund.
Read more...........https://newsbreakers.ng/exporters-lament-as-n500bn-intervention-fund-sits-idle/



GOVERNMENT SEEMS TO BE INSENSITIVE TO PLIGHT OF NIGERIAN MANUFACTURERS – FOLIKWE
Peter Folikwe is the Managing Director of Berger Paints Plc. He has 25 years of experience in Marketing, Sales/Distribution and General Management, having worked in a number of top-rated companies in Nigeria. He had two years working experience with UAC Foods, a joint venture between Tiger Foods South Africa and UAC of Nigeria, between 2013 and 2015. He also had an impressive career at Vitafoam Nigeria Plc and was among the pioneer staff of MTN Nigeria Communications Limited in 2001. He spoke to capital market journalists on how Point of Sales (PoS) has enhanced the firm’s business strategy and the challenges facing manufacturers in Nigeria. HELEN OJI was there.
What efforts is Berger Paints making to attract more patronage to the company’s shares on the Nigerian Stock Exchange?
We have put in place a number of marketing initiatives that will soon start yielding positive results and create more visibility for our brand. Marketing is not just about advertising. There are other legs of marketing such as Public Relations, Media Management, and Investor Relation. We are also working round the clock to ensure that our products are visible in the marketplace. Our products are in high demand because of its
Read more...........https://newsbreakers.ng/government-seems-to-be-insensitive-to-plight-of-nigerian-manufacturers-folikwe/