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Archive for June, 2006

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Invest in Micro Finance and Community Banking in Nigeria

June 29th, 2006  |  by Imnakoya  |  published in Entries on Old Grandiose Palor (Blogger)

The year 2005 was designated the year of micro finance/credit by the United Nations. With less than 40% of Nigerians having access to formal banking services, it is apparent that Nigeria is underserved in the banking and financial sector.
Despite the 25 billion Naira capital requirement needed to set up commercial banks, there is room for […]

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MIT’s OpenCourseWare: A Web-based Collection of Free Educational Resources

June 29th, 2006  |  by Imnakoya  |  published in Entries on Old Grandiose Palor (Blogger)

The Massachusetts Institute of Technology (MIT), an American top notch research university has an extensive collection of free and open educational resources- MIT OpenCourseWare (MIT OCW).
MIT OCS is large-scale, web-based electronic publishing initiative that provides “free, searchable, access to MIT’s course materials for educators, students, and self-learners around the world”. The initiative started in […]

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TrustAfrica: Ford Foundation’s Independent Philanthrophic Foundation for Africa

June 29th, 2006  |  by Imnakoya  |  published in Entries on Old Grandiose Palor (Blogger)

The Ford Foundation, one of the top five charity organizations in the world has launched an independent philanthropic foundation for Africa, called TrustAfrica.
Launched with a $30 million commitment from the Ford Foundation, TrustAfrica “will convene innovative African leaders from varied disciplines to identify new approaches to the violence, discrimination and economic isolation that impact many […]

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CNN’s ‘How to Rob a Bank’- a Nigerian Image Killer

June 12th, 2006  |  by Imnakoya  |  published in Entries on Old Grandiose Palor (Blogger)

The CNN aired program on identity fraud in May: “How to rob a bank” generated a lot of hot and bad blood amongst diasporic Nigerians, particularly those of the Houston-Texas stock. The Nigerian news web portal and forum- the Nigeria Village Square and a Nigerian business news website- Business Day Online; have posted write-ups disparaging […]

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International Finance Corporation offers Credit Line to Nigerian Women Entrepreneurs

June 12th, 2006  |  by Imnakoya  |  published in Entries on Old Grandiose Palor (Blogger)

One of the 25 Nigerian mega banks- Access Bank (http://www.accessbankplc.com/index.cfm?ID=3000) in collaboration with the World Bank’s International Finance Corporation (IFC)- will start extending lines of credit to Nigerian women entrepreneur. The bank signed a $15 million loan with the IFC last week.
Access Bank Plc will be one of the first banks in Africa to dedicate […]

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