Category Archives: Finance

7 Things MMM Guiders Want All Participants To Know Ahead Of January 14

No fewer than 2 million Nigerians have invested in this money doubling scheme and have benefitted from its 30% return on interest. MMM needs no introduction, it is one of the most popular Ponzi schemes in Nigeria. Nigerians were enjoying

Alleged Money Laundering: Court Orders MTN To Forfeit N8b To FG

Justice Abdulaziz Anka of the Federal High Court in Lagos has ordered the temporary forfeiture of the sum of N8 billion allegedly belonging to MTN Communications Limited to the Federal Government. The judge gave the order that the sum, suspected

First Bank Increases Mobile App Transaction Limit To N1m

First Bank of Nigeria Limited has increased the transaction limit on its FirstMobile Lifestyle app to a maximum daily limit of N150,000.00 without the use of a token and a total daily transaction limit of N1 million with token. Announcing

BoI Begins Indirect Lending To Micro Entrepreneurs through MFBs

THE Bank of Industry, BoI, has commenced granting loans to micro entrepreneurs in the economy through 14 microfinance banks with branches nationwide. Micro entrepreneurs include the likes of shoemakers, tailors, snacks producers, furniture makers, people in bakery business, among others.

MMM Seeks Massive Online Publicity Ahead Of Jan 13

With 10 days before the January 13, date which online Ponzi scheme, MMM Nigeria, would resume operations after freezing accounts of its participants in December last year, the promoters of the scheme have called on participants to begin online publicity

Adopt New Business Strategies Or Lose Jobs, ARIAN Tells Insurance Agents

With the incessant increase in the number of online agents ready to offer services such as; insurance, and so on, the President, Association of Registered Insurance Agents of Nigeria(ARIAN), Mr. Gbadebo Olameru, has warned his colleagues to embrace new business

Why The World Is Embracing Digital Currency – Elofusim

Peter Elofusim is the managing director of foreign portfolio investment advisory firm, TSP Capital Ltd. He is a passionate advocate of the adoption of crypto currency. In this interview with NKECHI ISAAC, he highlights the opportunities available in adopting crypto

Bank Of Industry To Boost SMEs with N310b Cash

The Acting Managing Director, Bank of Industry (BoI) , Waheed Olagunju has said the bank is committed to its five-year plan of growing the small and medium-scale enterprises (SMEs) by pumping N310 billion into the sector. Olagunju who spoke with

FG Begins Payment of N5,000 Monthly Stipend to Poor Nigerians in 9 States

*says N-Power beneficiaries now receiving N30,000 monthly stipends also *as kicks off implementation of four Social Investment Programmes across the country including Micro-Credit Scheme for about 1.2m By Levinus Nwabughiogu ABUJA-More than one year after it came on board, the

BoI Unveils N10b Agro-Equipment Loan Scheme

The Bank of Industry (BoI), in collaboration with its development partners, has unveiled a-N10billion agro-equipment loan for agricultural service providers and farmers. The bank said with better access to credit to fund the acquisition of agro equipment, there would be

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