Finace – Jydee & Partners Network https://jydeepartners.com jydee-partners-network Tue, 06 Oct 2020 11:48:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 https://jydeepartners.com/wp-content/uploads/2019/08/cropped-Asset-1-32x32.png Finace – Jydee & Partners Network https://jydeepartners.com 32 32 CBN to disburse Nigerian Youth Investment Funds soon https://jydeepartners.com/2020/10/06/cbn-to-disburse-nigerian-youth-investment-funds-soon/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-to-disburse-nigerian-youth-investment-funds-soon https://jydeepartners.com/2020/10/06/cbn-to-disburse-nigerian-youth-investment-funds-soon/#respond Tue, 06 Oct 2020 11:30:07 +0000 https://jydeepartners.com/?p=17989 The NYIF plans to arrive at 500,000 youth yearly somewhere in the range of 2020 and 2023. Each reserve endorsement will run from N250, 000 to N50, 000,000, with a spread across bunch applications, singular applications, working capital advances set at 1 year and term advances set at 3 years with single digit loan cost of 5%.

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]]> https://jydeepartners.com/2020/10/06/cbn-to-disburse-nigerian-youth-investment-funds-soon/feed/ 0 CBN cuts down minimum interest rate on savings deposit https://jydeepartners.com/2020/09/03/cbn-cuts-down-minimum-interest-rate-on-savings-deposit/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-cuts-down-minimum-interest-rate-on-savings-deposit https://jydeepartners.com/2020/09/03/cbn-cuts-down-minimum-interest-rate-on-savings-deposit/#respond Thu, 03 Sep 2020 13:54:20 +0000 https://jydeepartners.com/?p=17925 In a directive to banks signed by Bello Hassan, Director of Banking Supervision CBN “All deposit money banks are hereby informed that effective September 1, 2020, interest on local currency savings deposit shall be negotiated subject to a minimum of 10 percent of Monetary Policy Rate (MPR)”. This cuts down the savings interest rate from 3.9 percent to 1.25 percent per annum.

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]]> https://jydeepartners.com/2020/09/03/cbn-cuts-down-minimum-interest-rate-on-savings-deposit/feed/ 0 Dollar Falls To N430 at BDC Market https://jydeepartners.com/2020/09/03/dollar-falls-to-n430-at-bdc-market/?utm_source=rss&utm_medium=rss&utm_campaign=dollar-falls-to-n430-at-bdc-market https://jydeepartners.com/2020/09/03/dollar-falls-to-n430-at-bdc-market/#respond Thu, 03 Sep 2020 10:40:23 +0000 https://jydeepartners.com/?p=17920 Ahead of business reopening on Monday as the Central Bank of Nigeria(CBN) is set to resume forex sales after a long pause due to the imminent lockdown necessitated by the COVID-19 pandemic, Naira seems to be gaining momentum again with an uptrend in value since the beginning of the week.

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]]> https://jydeepartners.com/2020/09/03/dollar-falls-to-n430-at-bdc-market/feed/ 0 Naira Devaluation: Possible Effects on SMEs and the way out https://jydeepartners.com/2020/08/25/naira-devaluation-what-can-smes-do/?utm_source=rss&utm_medium=rss&utm_campaign=naira-devaluation-what-can-smes-do https://jydeepartners.com/2020/08/25/naira-devaluation-what-can-smes-do/#respond Tue, 25 Aug 2020 13:55:58 +0000 https://jydeepartners.com/?p=6923 The recent devaluation to N381, which follows the devaluation from N307 to N360 in March will be more brutal for SMEs and startups especially with the COVID-19 crisis still very much in the picture. This is because they will have to pay more on transactions and loans without any compelling increase in revenue.

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