SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?

Magnartis Finance & Investment Limited

  • LOGIN
  • Home
  • About
    • About Us
    • Management Team
    • Directors
  • Services
    • Stockbroking
    • Portfolio Management
    • Corporate Finance
    • Advisory Services
  • Projects
  • Download
  • Contact
  • Open an account
  • Home
  • Diamond Bank advices SMEs on financial discipline
  • Capital Market News
  • Diamond Bank advices SMEs on financial discipline
 

Diamond Bank advices SMEs on financial discipline

Diamond Bank advices SMEs on financial discipline

by magna / Wednesday, 29 April 2015 / Published in Capital Market News

aaa

By Nkasiobi Oluikpe

Lagos

 

Diamond Bank has called on Micro, Small and Medium-scale Entrepreneurs (MSME) to embrace the old fashioned method of corporate planning and financial discipline.

The call was made during the BusinessXpress seminar organised by the bank to train and broaden the management skills of operators of MSMEs at Onitsha, Anambra State.

Raymond Mbonu, Diamond Bank business manager, Bridge Head, Onitsha, stated that the bank’s commitment, drive and passion to fund the MSME sector is a result of its conviction that MSMEs hold the economic key for growing the national economy and reducing unemployment.

“Diamond Bank’s commitment to the MSME sector is motivated by the fact that a nation with a thriving MSME sector will grow to become self-sufficient with sufficient employment opportunities for the citizenry. This is why we are investing in the sector and we will continually support them and help them grow into viable multinational ventures,” he said.

The chairman of Prollo Pipes and Profile Industries Limited, Emmanuel Eziokwu also stressed on the need for proper business planning.  He noted that many small businesses do not plan, that is why they are adversely affected in times of economic crunch, pointing out that the two major traits common with MSMEs are diversion of funds and overspending.

Uche Apakama, CEO of Paxs Pharmaceuticals Limited, also remarked that the ripple effect of the business training of MSME operators in Anambra State by Diamond Bank has significantly enhanced many businesses in Onitsha and will continue to positively impact the upcoming ones.

Source : Independent

About magna

What you can read next

NPFL: Enyimba signs two Ghanaians, names Mfon Udoh captain
In One Chart: This graphic shows the world’s largest city, over 4,000 years
IFC, others commit $400m to power generation

Market Capitalization

[visualizer id="161"]

Newsletter Subscription


 

About Us

Magnartis Finance & Investment Ltd (“Magnartis”) is a Dealing Member of The Nigerian Stock Exchange with expertise in Stockbroking and Trade Execution Services.

Download

  • FGN Savings Bond Subscription Form
  • Mandate For Ebonus
  • Cscs Clients Authorization Form For Change Of Bank
  • Cscs Client Bank Update Form
  • Account Opening Form KYC

Research

  • Daily Price List
  • Daily Market Summary
  • Weekly Market Summary
  • Special Reports

Contact Info

16, Boyle Street, Onikan, Lagos, Nigeria

Office Number:
01-4538066

E-mail:
info@magnartis.com

  • GET SOCIAL

© 2014 Magnartis Finance & Investment Limited. All Right Reserved

TOP