Business
MFB Advises Beneficiaries On Loan Assessment
The Managing Director,
Future Micro Finance Bank, Abuja, Mrs Frances Bekey, urged women in cooperatives to meet the requirements for accessing loans to improve their businesses.
Bekey said this in an interview with newsmen in Abuja recently.
She said the bank would release N100 million to the Nigeria Cooperative Women Alliance (NICOWA) to assist them empower women in their small businesses.
According to Bekey, the funds were not for free and for anyone to benefit, she must meet all the necessary requirements that were placed.
“Before the funds can be accessed, the beneficiary must meet all the required criteria.
“We are going to take the details of these women today and they are going to go back and do the necessary things and qualify.
“We are setting aside N100 million to give to the president of NICOWA for her group and everyone here is going to register and meet the requirement.
“The project must be bankable; we must be able to establish that the project will be able to pay itself and it must be in line with CBN regulations before we disburse,’’ Bekey said.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
