THE GUARDIAN, Thursday, July 18, 2013
BUSINESS
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Ekiti injects N600m into cooperative societies From Muyiwa Adeyemi, Ado Ekiti S part of efforts to drive out A poverty among the people and bring development to the 132 communities in the state, the Ekiti State Government is set to inject N600million into the State Cooperative Societies to boost their lending capacity. The State Commissioner for Rural Development and Community Empowerment, Folorunso Olabode made this known in Ado Ekiti while playing host to the Ekiti State Industrial/ Artisan, Produce and Service Cooperative
Federation. The Commissioner who explained that the money was part of the State Government efforts at empowering people of the state, said that it would also create employment for the teeming youths in the state. According to him, the money would be used as revolving loan for members of cooperative societies, saying that it would be properly monitored to eliminate
By Nike Sotade 24- hour terrestrial televiA sion station dedicated solely for business reports has been commissioned in Lagos. Business TV, christened The Voice of Nigerian Economy, owned and operated by Moss Media Limited, is dedicated to Business, Economy, Investment and Financial News dissemination. Speaking with newsmen in Lagos over the weekend, the Chief Executive Officer of Business TV, Moses Samuel announced that the coming of Business TV in the Nigerian Business, Economy and Financial Markets would change the face of domestic business reportage. He explained that the Nigerian business sector has become sophisticated and fast-paced with policies and regular developments that require detailed, discerning reportage and interpretation. The CEO noted that “government investment projects across the states go beyond passing remarks, coupled with economic policies formulated towards driving the growing Nigerian economy, creating room for conducive opportunities needed to be highlighted.� He said the core area of reportage is not limited to the opening bell which transmits 10:00am and for the Nigerian Stock Exchange closing bell at 3:00pm but also include other Capital Market events, financial analysis and Investment opportunities. Business TV currently runs on Startimes terrestrial digital platform owned by NTA. However, all efforts are being made to launch Business TV on the DSTV platform. Samuel stated that Business TV is readily available to capture the transformation of the Nigerian economy, business sector and the financial market. Situated at the heart of the business hub in Marina, Lagos the presence of Business TV live studio will no doubt project the laudable contributions of the high net-worth individuals, the Central Bank of Nigeria, consolidated Nigerian banks, the Securities and Exchange Commission (SEC), oil and gas including the small and medium scale industries.
Security scheme for the elderly which he said has prolonged their age, provision of Laptops for teachers and secondary school pupils in the State, renovation of all secondary schools in the State and good road network. The Commissioner said that arrangement are on top gear to construct modern markets in all the Sixteen Local government Headquarters in the State and solicited for the support of the people in order to
encourage the delivery of more dividends of democracy. Earlier, the President of Ekiti State Industrial /Artisan, producers and Service Cooperative Federation, Jide Ebenezer has recited for Credit facility from the State Government as promised by Mr. Governor to cooperative societies Mr. Ebenezer said this would assist them to expand their business and enhance economic and industrial worth of the artisan
members in the State. While thanking the Commissioner for hosting them, Mr. Ebenezer said this has assured them of the State Government recognition. He charged the State Government to empower cooperative Department to enable them to recover trans from defaulters. He however called for more empowerment of the cooperative department in order to boost loan recovery.
Jaiz Bank increases branch network to 10 From, Anthony Otaru, Abuja
Business TV debuts in Lagos
fraud. Olabode, however charged the Societies to judiciously use the fund for the purpose of creating wealth for the people of the State stressing that it is not for political patronage. While assuring of more dividend of democracy, Olabode said Governor Fayemi would take care of all sectors in the State. He went further to mention the achievements of the Governor to include, Social
AIZ Bank plc, the first fullJinfledged non-interest bank Nigeria, has increased its branch networks to 10, with the commissioning of its Katsina branch on Tuesday. The state governor, Alhaji
Ibrahim Shehu Shema did the commissioning. The bank commenced operations with three branches in Abuja, Kaduna and Kano states on the 6th January, 2012, after it received licence from the Central Bank of Nigeria on the 11th of
November 2011 to operate as a non-interest bank. In a statement made available to The Guardian in Abuja, the bank now has branches in Gombe, Maiduguri, Katsina, additional branch in Kano, making two branches in the state. The bank has also added
two branches in Abuja, the Federal Capital Territory. The branches are located at the National Assembly and Wuse District. Commissioning the bank, the governor promised to identify and support the operations of the bank.
He said: “Katsina State Government is ready to partner with and support Jaiz bank and other Financial Institutions that are ready to invest in the real sector of the economy, to enable the State attain greater economic prosperity.