Tribune Business

THE Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Mr Umaru Ibrahim, has said that 63 branches of microfinance banks located in the North-West geopolitical zone, representing 7.25 per cent and 32 branches located in the North-East geopolitical zone, representing 3.68 per cent, are inadequate for

The Democratic Republic of Congo requested a six-month extension to its three-year $528 million loan programme with the International Monetary Fund (IMF) in order to comply with its terms, an IMF official said according to Bloomberg.

The Federal Government requires about $3.1 billion (N490 billion) to transform the Nigerian sugar industry into a self-sufficient and export driven sector, according to a master plan which was made public recently.

The Director-General of the Small and Medium Enterprises Development of Nigeria (SMEDAN), Alhaji Muhammed Nadada Umar, has called for better collaborative efforts from governments at all levels to develop as many industrial clusters as possible to speed up the Micro, Small and Medium Enterprises (MSME) sector in the country.