Street Q&A on Leadership and Followership in Nigeria

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NIRSAL MFB LAUNCHES A DEDICATED CREDIT FACILITY FOR WOMEN

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Collins Imoudu Andrew -    NIRSAL Microfinance Bank (NMFB) has launched a new credit facility christened NMFB Amazon Loan for women entrepreneurs to deepen its financial inclusion drive.   The news filtered into public space after the bank's media team sent out informative and educative posts across its social media platforms.    After a series of initial suspense posts heralding the big announcement, the first post reads thus, “Introducing NMFB AMAZON LOAN: The Amazon Loan is a set of concessions that grant easy access to the bank’s loan products to women and women-owned businesses who come together as groups.”   The second post listed four products the loan contains and itemised them as follows “(i) NMFB SME: For women groups who are micro to small scale entrepreneurs, the self-employed, and traders. (ii) NMFB Agriculture Finance Facility (AFF): For women groups who are subsistence-level farmers. (iii) NMFB Petty Cash Now-Now: for women gr...
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10 INTERESTING SHORT STORIES FROM AROUND THE WORLD

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Collins Imoudu Andrew 1. "The Gift of the Magi" by O. Henry (United States): A heartwarming tale about a young couple who sacrifice their most prized possessions to buy gifts for each other on Christmas, only to discover the true value of their love and selflessness. 2. "The Lottery" by Shirley Jackson (United States): A chilling story set in a seemingly idyllic village, where a yearly lottery takes a shocking and brutal turn, revealing the dark underbelly of conformity and tradition. 3. "The Tell-Tale Heart" by Edgar Allan Poe (United States): A classic psychological thriller narrated by a murderer who insists on their sanity while describing the intense paranoia and guilt that drives them to confess their crime. 4. "The Monkey's Paw" by W.W. Jacobs (United Kingdom): This cautionary tale revolves around a magical monkey's paw that grants its owner three wishes, but with unintended and tragic consequences that serve as a warning against m...
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WHAT'S IN A NAME? UNRAVELLING NIRSAL MFB VS. NIRSAL PLC CONUNDRUM

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  Collins Imoudu Andrew  | I must confess from the onset that like many people until I conducted research, I couldn't tell that differences existed between NIRSAL Microfinance Bank and NIRSAL PLC. However, I discovered that the entities have nothing in common as far as their core mandate, ownership, and management are concerned except for the acronym NIRSAL. It is a given that, in the realm of   financial institutions, acronyms often abound, and it's not uncommon for confusion to arise, especially when two entities share related names. Such is the case with NIRSAL MFB and NIRSAL PLC. They are prominent players in Nigeria's financial sector but serve different purposes, operate under distinct regulatory frameworks, and have different management. Whereas NIRSAL MFB is a licensed bank performing all functions of a financial institution including accepting deposits and creation of credit facilities, NIRSAL (The Nigeria Incentive-based Risk-sharing System for Agricultural Lend...
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