Beadaholic's Posts
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Super Ted |
When those who serve God truly are thriving other envious ones will be rotting away. Thank God for the anointing and Grace over Rev Biodun Fatoyinbo. "Seeth a man deligent in his work, he will stand before Kings and not mere men. Continue the good work. |
Good |
I'm in Benin and I also didn't hear of anything like this. |
cruzita:As long as men can finance their wives with the necessary money, it's not usually so difficult. The issue with men is that they want their wives to look gorgeous but they will hardly put the money down for it. |
Ghen ghenu! Action film -n sound sultan's voice. Cc lalasticlala please move to FP |
Nice |
Chai! This is incriminating. Mr stomach infrastructure what do you have to say? |
Where is the picture ![]() |
[quote author=ShakurM post=42425602]For some reason, I just like that 2nd to the last picture [/quotYour mind is dirty |
Tried it just now and it worked. Thanks. Knowledge is power. |
Lmao
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Lmao
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Hmmm |
Religion of peace my foot. When will Muslims wake to know that the devil is the founder of their religion! Hia! |
I like this. We need to know what these thieves have been using our common wealth for and charge them to court for misappropriation. |
I Rep COZA |
Ok oooo. Let's see how this unfolds. |
Good, i'll do just that. |
The picture didn't show she pounded it. |
id911:Answer the question and stop being evasive. |
Toilet seat under a kitchen sink? Haba! Epic fail |
Tough choice but I still prefer Odunlade because he is not only talented but also handsome and funny. |
Hmmm, what a devastating incident. No wonder he doesn't like the military. |
![]() Lmao |
It's more like the Mbaise have it. |
My Alma mata has great minds. Unilorin better by far. Mods FP pls Cc lalasticlala |
saasala:That's your own testimony or conviction, others also have theirs . It doesn't mean we should follow yours |
CBN allows new businesses borrow from N220bn MSME Fund The Central Bank of Nigeria (CBN) has reviewed the guidelines for the N220 billion Micro, Small, and Medium Enterprises (MSME) Fund to allow new businesses (start-ups) borrow from the fund.CBN Governor, Mr Godwin Emefiele The CBN also said that banks and other finance institutions that lends to business start-ups under the fund will be allowed to access the fund at zero interest rate. This was contained in the Revised Micro, Small and Medium Enterprises Development Fund (MSMEDF) Guidelines issued yesterday by the Development Finance department of the CBN. Previously, only existing businesses can borrow from the fund through their banks. The new guidelines however removed this limitation stating, “Participating Financial Institutions (PFIs) are required to fund start-up projects under the MSMEDF. To encourage Deposit Money Banks (DMBs) and Development Finance Institutions (DFIs), some incentives shall apply. “PFIs are expected to accept charge on fixed and floating assets of the financed projects as collateral for start-ups. Collateral requirement from start-ups by PFIs (DMBs and DFIs) shall be educational certificates such as SSCE, National Diploma (ND), National Certificate of Education (NCE), National Business and Technical Examination Board (NABTEB), Higher National Diploma (HND), University degree (NYSC Certificate where applicable) and a guarantor. “The start-ups to access the MSMEDF must present their Bank Verification Number (BVN). Venture Capital Firms (VCFs) that wish to finance start-ups in form of equity participation shall be eligible to access the MSMEDF at 2.0 percent for investment in start-up projects. The collateral for such facility to the VCF shall be bank guarantee. “Incentive shall be offered to PFIs that repay loans as at when due. a) Start-Ups (i) DMBs/DFIs playing in this space, shall access MSMEDF facility at zero percent interest for on-lending at 9.0 percent (all-inclusive) to start-ups. (ii) The PFIs shall qualify for a 50 percent risk shared on the net outstanding balance in the case of default. b) Other Incentives Microfinance Banks with PAR of 10 percent and below shall be exempted from providing financial assets as collateral to access facility under the MSMEDF.” In addition to the above, the CBN also reduced interest rate it charges PFIs accessing the loan from 3.0 percent to 2.0 percent. It stated, “Interest Rates All PFIs shall access funds at an interest rate of 2.0 percent per annum and on lend at 9.0 percent per annum inclusive of all charges. The interest rate chargeable under the MSMEDF may be reviewed by the Central Bank of Nigeria from time to time.” The decision to allow business start-ups borrow from the fund is aimed at boosting graduate employment by encouraging banks to lend to graduates intending to set up businesses. Recall that the CBN Governor, Mr. Godwin Emefiele while addressing the just concluded 7th annual Banker Committee Retreat had announced that the apex bank would soon introduce measures to generate one million graduate employments. He said, “In 2016, the CBN is contemplating a programme that would support SMEs at concessionary pricing to our young graduates. We need to get more people to be employed. The central bank would over the next few weeks work out the initiative to create employment for at least one million graduates in Nigeria in 2016. That would entail the support from Nigerian banks and our development partners. Source ”http://www.vanguardngr.com/2015/12/cbn-allows-new-businesses-borrow-from-n220bn-msme-fund/ |
Lovely, this what every leader should preach. Mutual respect for individual religion. |

