Things that limit potential on March 05, 2015 / in Business 12:58 am

By John Maxwell

Wilma Rudolph, the Olympic track and field champion of the 1960s, said, “Never underestimate the power of dreams and the influence of the human spirit. We are all the same in this notion: The potential for greatness lives within each of us.” We all have potential. God has designed each of us to do something great.
But why do so few people actually realise all of their success potential? If success is a hot-air balloon, then what are the sandbags hanging off the basket, weighing us down and keeping us from rising to the

Nigeria drops to 4th position in global sorghum market on January 13, 2015 / in Business 12:03 am

By Princewill Ekwujuru

Nigeria dropped to fourth position in global sorghum market in 2013 from number one in 2008. as local industries now operate at 40 percent capacity utilisation. Sorghum is a seed crop used in the manufacture of malt drinks, cereals, weaning formulas, biscuits etc.

This was disclosed by the Managing Director of Food Agro and Allied Industries Limited, a subsidiary of Sona Group, Nigeria, Sudhansu Sinha, while briefing the press to herald the 2015 business year. He spoke on
Speaking on the sub-topic: ‘The banes to the growth of nascent malting industry, Sinha observed that the ban on importation of barley malt imposed by federal government in the late 1980s has been diluted under the influence of vested beneficiaries, thus resulting in free importation at very low tariff which created the resulted effect on the economy.

CBN to reduce interest rate on N220bn MSMSE Fund on December 04, 2014 / in Business 12:43 am.

Mr Godwin Emefiele

Mr Godwin Emefie

By Babajide Komolafe.

The Central Bank of Nigeria (CBN) will soon review downward the interest rate for borrowing through the N220 billion Micro, Small And Medium Enterprises (MSME) fund.
The Acting Director, Development Finance Department of CBN, Mr Mudashir Olaitan, disclosed this  at a workshop organised by the Nigeria Deposit Insurance Corporation (NDIC) for business editors and finance correspondents in Kashina.

Olaitan said that the CBN is passionately committed to the Fund, and is seeking for avenues to improve access to the fund, especially for participating financial institutions.