Category Archives: Finance

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

Money-Doubling Trouble: Nigerians Fight Over MMM

Hypertension awaits you when Ponzi scheme crashes—Antagonist You’ll grow old waiting for it to crash — Supporter A SPECIAL report by Sunday Vanguard on the popularity of famous money-doubling scheme, Mavrodi Mundial Moneybox,MMM, among Nigerians, sparked a social media fight,

MMM Social Funding: Forget it is risky, we make millions every two weeks —Defiant Nigerians

Majestically he stepped into the banking hall exuding the youthful confidence of a new employee, who had just received his first salary. Hardly had this young man joined the queue at a new generation bank he had gone to make

Dollar Scarcity To End As Travelex Begins Sale of $15,000 To Bureau De Change

Travelex, a global foreign exchange dealer, will today disburse the sum of $15,000 to each of the 3,000 registered Bureau De Change operators in Nigeria. The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, said this in

Eko Atlantic to become West Africa’s financial hub

The Eko Atlantic City will accommodate the headquarters of the sub-region’s leading banks, financial institutions and international corporations, its developers have said. According to the developers, South Energyx Nigeria Limited (SENL), a subsidiary of the Chagoury Group, a part of

Power: Adeosun accuses World Bank, IMF of denying Nigeria coal use

The Federal Government yesterday accused developed countries and multilateral development institutions of frustrating its efforts at addressing the electricity supply deficit facing the country through the use of coal. Speaking during a panel discussion at the on-going International Monetary Fund

Raise revenue through tax, IMF urges Fed Govt

The International Monetary Fund (IMF) has advised the Federal Government to build up revenue mobilisation through tax capacity building for the country to get out of rcession and meet the Sustainable Development Goals (SDGs) of the United Nations. Its Director,

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