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
  • Enugu Govt. Reduces Interest Rate On SME Loans
  • Capital Market News
  • Enugu Govt. Reduces Interest Rate On SME Loans
 

Enugu Govt. Reduces Interest Rate On SME Loans

Enugu Govt. Reduces Interest Rate On SME Loans

by magna / Thursday, 16 October 2014 / Published in Capital Market News

The Enugu State Government on Wednesday said it had reduced interest rate on the N2 billion Micro, Small and Medium Enterprise (SME) Development Fund from nine to six per cent.

 

Mr Chuks Ugwoke, The Commissioner for Information in the state, disclosed this to newsmen after the state

executive council meeting in Enugu.

 

Ugwoke said the gesture would reduce the total on-lending rates from nine to six per cent, including  charges by the participating financial institutions.

 

He said the reduction would encourage owners of small businesses in the state.

 

“The SME fund is designed to finance commercial agriculture and its value chain, including food processing, poultry, fishery and piggery,’’ he said.

 

The commissioner said the council had also approved N122 million for the rehabilitation of the state’s Customary Court of Appeal.

 

He said the rehabilitation include construction of office accommodation for the court judges and re-roofing of the court rooms.

 

Ugwoke said the rehabilitation would create conducive working environment and ensure speedy dispensation of justice.

 

He said the council had also approved N322 million for the making and designing of eight roads in the state.

 

The commissioner said the roads include Ogui, Okpara Avenue, Zik Avenue, Presidential, Abakaliki Road, Government House Road, Ninth-mile and Anambra boundary routes. (NAN)

Source : Leadership

About magna

What you can read next

El Clasico: real madrid’ii compound Barcelona’s woes –Zidane
Mikel: Conte must change his mind about me
Umeh tasks new Anambra sports commissioner

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