NYIF –an empowerment scheme funded by the Central Bank of Nigeria (CBN) –is intended to equip Nigerian youth-owned businesses and young Nigerians with substantial investment loans. Fully pronounced as Nigeria Youth Investment Fund, NYIF is a brainchild of the Federal Ministry of Youth and Sports Development (FMYSD) and it is...
The apex bank has warned that financial institutions who breach this directive would face severe sanctions. The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. A cryptocurrency is a virtual or...
Despite the fact that most countries of the African continent suffer from extreme poverty, wealthy people also live here. Let’s take a look at the richest families and entrepreneurs and try to figure out how they have managed to achieve financial success. From business to art, from politics to...
Hotel business will always remain a profitable venture particularly in areas with bubbling nightlife and a high concentration of companies, organizations, firms, etc. If you have the requisite capital and the necessary initiative, you can rest assured that a hotel business is one of the avenues you can establish as...
Investing in publicly traded assets is undeniably a great avenue for augmenting one’s money. With the recurring cases of Naira fluctuations seeming bothersome, there’s every cause for shrewd Nigerian investors to invest in dollar assets. If you’ve ever imagined the benefits of buying publicly traded assets from the US or...
The Central Bank of Nigeria, CBN and NIRSAL Microfinance Bank, a banking arm of the CBN, have engaged Young Entrepreneurs of Nigeria (YEN), the umbrella body for Nigerian young entrepreneurs as a CBN/NIRSAL Entrepreneurship Development Institute/Partner. The engagement and partnership are specifically in the areas of entrepreneurship development and MSMEs...
MTN and Airtel Nigeria have commenced the NIN registration exercise in selected cities on behalf of the NIMC. Telecommunication firms, MTN and Airtel Nigeria have commenced the National Identification Number (NIN) registration exercise in its retail outlets across the country. This development follows the latest approval by the Federal Government granting...
The top 5 richest billionaires had a disastrous showing at the most recent trading session thanks to the group tagged as the Wallstreetbets The top 5 richest billionaires had a disastrous showing at the most recent trading session, no thanks to the group tagged as the Wallstreetbets disrupting the financial...
TOP 10 AMAZING WAYS TO MAKE MONEY ONLINE IN 2021 Year in year out, we get to see new ideas on making money online. While some of these money-making ideas tend to work, others sometimes appear counterproductive. Nevertheless, making money online is true to life and given that you have all...
SUNDAY IGBOHO BIOGRAPHY, AGE, EARLY LIFE, FAMILY, EDUCATION, CAREER AND NET WORTH Sunday Adeniyi Adeyemo (popularly known as Sunday Igboho) is a Nigerian born politician, businessman and human rights activist. He has been on  various social networking platforms for the past few weeks after he called for the eviction of Fulani herdsmen...
Nigeria owes World Bank, IMF, AfDB $31.98 billion – DMO The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020. This is contained in the September 30, 2020, debt stock...
Oil prices drifted lower amid reports revealing OPEC+ members are disconnected as regards to February crude oil output quota. In a new report, oil prices drifted lower at the second trading session of the year amid reports revealing  that OPEC+ members are disconnected as a results of February crude oil...
The Central Bank of Nigeria (CBN) is Nigeria’s apex financial authority and one of its objectives is promoting the development of MSMEs in the country. In the light of this developmental objective, the CBN initiated several intervention schemes. The Central Bank of Nigeria (CBN) and the Bankers’ Committee, created the Agri-Business/Small and...
Starting a logistics business in Nigeria isn’t any difficult in as much as you’ve acquired sufficient capital (as may be required) and mastered the nitty-gritty of the business. Notably, logistics involves managing the delivery of items, consignments, etc. from producers to retailers, wholesalers or end users (as the case may...