Editorial Staff 
The latest forex middleweight wrestling between the Central Bank of Nigeria (CBN) and abokifx.com isn’t just dramatic but also shows how the inconsistent foreign exchange policies of Nigeria have created a system that benefited some people to the detriment of the Nigerian economy. Abokifx is a website that tracks foreign exchange rates both at the … Read more
One of the cabinet members of President Muhammadu Buhari with an intimidating profile is the Minister of the Federal Capital Territory, Alhaji Muhammed Musa Bello, a cool-header Yola-man, yet a result-driven The former banker who underwent banking training at one of the most reputable financial institutions in the world could simply be described as the … Read more
The Rivers state government is on the path of setting a precedence in the collection of Value Added Tax (VAT) law in Nigeria that could trigger a domino effect in the current demented federalism if the ruling of a High Court in the oil-rich state is upheld by an Appeal Court. Timeline: On August 10, … Read more
With $20 million in financing from the Islamic Corporation for the Development of the Private Sector (ICD) in 2018 and another $25million to support SMEs in September 2021, Jaiz Bank’s interest-free business loan products might be the choice of startups irrespective of religious sentiments in a few years. Founded by Alhaji Umar Mutallab in 2003, Jaiz … Read more
The pioneer of non-interest credit facility in Nigeria Jaiz Bank says it has got $25million from Islamic Corporation for the Development of the Private Sector (ICD). ICD is the private sector arm of the Islamic Development Bank (IsDB), a Saudi Arabia-based multilateral development finance institution that is focused on Islamic finance. If converted to naira using the CBN … Read more
Lotus Bank is a Non-Interest or Islamic bank in Nigeria, joining the likes of Jaiz Bank, Sterling Alternative Finance, and Taj Bank. Today, Lotus Bank has 36 branches spread across Lagos, Abuja, Kwara, Oyo, Nasarawa, Ogun, Kano, Ondo, Osun and Niger States. Non-interest banks make it easy for small businesses and entrepreneurs to tap into the … Read more
The coup de tat in Guinea isn’t the first one where an employee would kick out their appointor. We saw it happen in Egypt, Chad, DRC, and on Sunday, September 5, 2021, a French-trained soldier Col Mamady Doumbouya kicked out his boss President Alpha Conde from Presidential Palace. Disclaimer: InfomediaNG Team is still monitoring the … Read more
One of the ways for a business owner to quickly achieve their entrepreneurial goals is to get access to a soft or an interest-free loan, but most of the financial institutions around the world make a profit from interest on a credit facility. However, some financial institutions in Nigeria are gradually embracing Islamic tenets of … Read more
On Wednesday, May 10, 2023, the former minister of power Sale Mamman was arrested and detained by the Economic and Financial Crimes Commission (EFCC) for allegedly embezzling NGN22 billion. The ex-minister is surrounded by many controversies even when he was in office between 2019 to 2021. Intro: The privileges that come with political posts in … Read more
Dynamic, proactive, and result-oriented are some of the few adjectives to describe Mohammad Abubakar, a holder of Ph.D. in Watersheds Management at the University of Arizona, Tucson in the United States of America. No one knew what the former chairman of the Universal Basic Education Commission had in his bag in terms of innovations until … Read more
A few days ago, I was discussing with my friends about the continuity of TV reality shows that have good content and how they all faded off our TV screens. One of the shows we talked about was Gulder Ultimate Search or GUS for short. Little did we know that the sponsors of the show Nigerian … Read more
Did you stumble upon interesting videos on X formerly Twitter that you would like to download? There are many Twitter video downloaders, one of which is sssTwitter. As of September 2023, the microblogging platform Twitter now X has 237.8 million daily active users, thereby making the platform the go-to for social media users. And so, … Read more
One of the most controversial cabinet members in the second term of the administration of President Muhammadu Buhari was Sabo Nanono, a former banker who was the Minister of the Federal Ministry of Agriculture and Rural Development until his sack on September 1, 2021 Unlike his predecessor who was always in the news by ditching … Read more
A Memorandum of Association is a legal document which can be described as the “constitution” of an incorporated company in principle which defines its objectives and powers in regard to its dealing with the outside world. Every legal entity has a set rule guiding its operation and regulations that govern the external relationship of a … Read more
The Central Bank of Nigeria has confirmed that it is aware that some Nigerians used fake visas and deliberately cancel their air tickets after purchasing Personal Travel Allowance and Business Travel Allowance. Recall that the apex bank mandated financial institutions to make PTA and BTA accessible to Nigerians who need forex to settle important needs … Read more