Finance

Fact Check: Is Nigeria Ceding Its Sovereignty With Chinese Loans?

  It is a fact that no China-related loan agreements have been publicly shared by the incumbent government, ever since the Jonathan administration ended in 2015. The opaque nature of these loans and the alleged kickbacks which government officials have

How To Achieve Financial Stability Even As A Salary Earner

  The economic uncertainties of this period are a headache on their own. That is beside the prospects of no improvements in the near future and the rising cost of food, not to talk of other things that make life…

Did You Know? Nigeria’s Top States and Banks for Foreign Investors

Every quarter, the National Bureau of Statistics (NBS) publishes its report on the amount of foreign investment coming into Nigeria. The Nigeria Capital Importation report, as it’s called, provides a glimpse of investment inflows into states, banks, and economic segments

Firstbank Presents 20,000 e-Learning Devices To Lagos State

Firstbank Nigeria Limited has presented 20,000 units of e-learning devices to the Lagos State Government for distribution to students in the state. The presentation of the devices which is also in partnership with Robert & John (an edu-tech enterprise and

Computer Warehouse Group Team Up With Clari5 To Fight Financial Crime

Today, Monday, June 8, 2020, leading information technology firm, Computer Warehouse Group Plc, CWG, proudly announced to the entire public that in a bid to combat enterprise fraud and money laundering, it has struck a partnership agreement with Banking Enterprise

Sparkle: A New Digital Ecosystem To Transform The Nigerian Lives Across The Globe

Sparkle, a digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe, launches today. Sparkle, which has been granted a banking license from the Central Bank of Nigeria (CBN), has been built to help Nigerians

Former Diamond Bank CEO, Uzoma Dozie, Launches Sparkle, a Digital Banking Startup

Uzoma Dozie, former CEO of Diamond Bank, has officially launched Sparkle, startup offering personal finance, business support and lifestyle services. This happened on Wednesday, following its successful acquisition of a banking license from the Central Bank of Nigeria. Read more

PPPRA Sets New Petrol Price at ₦121.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has again reduced the price of petrol at gas stations in the country. The agency says petrol will now be sold at the pumps for between ₦123.50 and ₦121.50 per litre. This is

No More Pension And Gratuity For Ex-Government Officials In Imo State

The Executive Governor of Imo State, Hope Uzodinma, on Friday, May 22, 2020, Signed a bill repealing pension and gratuity for ex-government officials in Imo state. While putting pen to paper on Friday, the Governor stated that the law runs

Corona Virus: Finance Minister Reveals $1.5 Billion World Bank Proposal To Affected States

Minister of Finance, Zainab Ahmed, has disclosed that global financial institution, the World Bank has presented Nigeria with a proposal of $1.5 billion dollars for states greatly affected by the corona virus pandemic. The proposal is in a bid to

How to Make Money from the Stock Market During a Financial Downturn

The experts say economic downturns are the best time to invest in the stock market. But most people outside of broker circles don’t see how this makes sense. You’re probably wondering how this is good advice. The news from the

FI & AWEP Nigeria Partner to Support Early Stage Female Founded Companies

AWEP Sponsors Female Fellowships to the Founder Institute’s Pre-seed Accelerator Program. The Founder Institute, the world’s largest pre-seed startup accelerator and African Women Entrepreneurship Programme, an outreach, education, and engagement initiative that targets African women entrepreneurs, to promote business growth,

How to Survive Losses in Forex Trading

With the spread of the coronavirus pushing governments around the world to impose drastic protective measures, the consequences of current restrictions have probably impacted your finances. Managing your personal finances during the coronavirus disruption isn’t easy, and you shouldn’t forget

How to Pay Your Electricity Bills Online and Via USSD

How do you pay your electricity bills if you’re unable to do so at a bank? That’s a pertinent question for people who have been caught up in a lockdown (like the one announced in response to the coronavirus pandemic),

The IMF has Approved a $3.4 Billion Emergency Support for Nigeria

The International Monetary Fund, IMF, has approved $3.4 billion in financial support to Nigeria. This comes after the country requested help from the institution to ameliorate the impact of the COVID-19 pandemic on its economy. The facility could also help

TLcom invests $1mn Pre-Seed Funding into Okra, Africa’s first API fintech “super-connector”

Nigerian fintech platform Okra has secured a $1mn pre-seed fundraise from TLcom Capital, strengthening its push to build the infrastructure for Africa’s next wave of fintech innovation. With the first API in Africa to retrieve real-time financial data from a

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