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 […]
How Oniwinde Adedotun Founded Abokifx in Nigeria in 2014 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
Trained By J.P Morgan, Meet Muhammed Musa Bello, Ex-FCT Minister 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,
FIRS vs Rivers State VAT War: 15 Facts Nigerians Need To Know 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
6 Major Requirements for Jaiz Bank Interest-Free Business Loans 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
Jaiz Bank Gets Over N10Billion From IsDB To Support SMEs in Nigeria 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
36 Branches of LOTUS Bank in Nigeria 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
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
4 Islamic Banks With Interest-Free Loan in Nigeria 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
Meet Sale Mamman Ex-Power Minister Accused of N22 Billion Fraud 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
Meet Mohammad Mahmood Abubakar The Ex-Minister of Agriculture and Environment Read More »
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