Opeyemi Quadri - INFOMEDIANG

Nigerians Traded $8,761,051BTC In Trading Week On LocalBitcoins and Paxful: What Does It Mean For CBN?

August 26, 2021 by Opeyemi Quadri

Nigerians have traded at $8,761,051BTC on two major Peer-to-Peer (P2P) platforms LocalBitcoins and Paxful even as the Central Bank of Nigeria continues to block financial institutions from facilitating all transactions involving bitcoin and other cryptocurrencies. At the time of this report, 1BTC was N25,300,491.36 on Paxful and $48,960.56 on coinmarketcap. While Helsinki-based peer-to-peer bitcoin marketplace … Read more

10 Helpful Tips To Start Men’s Wear Importation Business In Nigeria

March 12, 2023August 25, 2021 by Opeyemi Quadri

Men’s Wears Importation Business In Nigeria infomediaNG

Would you believe it if I told you that some men’s wears you buy at a boutique between N6,000 to N8,000 are less than N3,000 on some foreign online platforms plus delivery cost? Surprisingly, you scroll past their pages on social media unconsciously every day, not knowing business opportunities are lurking. You can start making … Read more

15 Practicable Ways For SMEs To Avoid Business Failure

December 26, 2022August 25, 2021 by Opeyemi Quadri

When a small business owner takes a bold step to set up a venture, definitely their plan is to expand, grow, and possibly go international. Unfortunately, the rate of business failures across the world is disturbing and alarming in struggling economies. In the face of numerous challenges, how can small business owners avoid business failure? … Read more

UK Residents Can Now Use PayPal To Buy and Sell Cryptocurrencies

August 23, 2021 by Opeyemi Quadri

Residents of the United Kingdom can now buy and sell cryptocurrencies starting this week, a press release by the global payment platform said Monday, August 23, 2021 The announcement is the first international expansion of PayPal’s cryptocurrencies services following the launching of the same system in the United States early this year. With over 403 million active accounts globally, the California-based … Read more

Bitcoin Price Crosses $50,000 for First Time In 3 Months

August 23, 2021 by Opeyemi Quadri

Bitcoin crossed $50,000 (N25,999,830.26) on Monday, August 23, 2021 for the first time since May. It made a significant come back rising sitting at $50,348.73 at the time of publishing this report. Live price chat monitored on coinmarketcap showed that it gained 2.44% in the last 24 hours while it made 6.86% gain in the last … Read more

10 Practical Benefits of Record Keeping For Businesses

March 30, 2022August 23, 2021 by Opeyemi Quadri

Most times, small business owners are preoccupied with their daily multi-tasking activities, thereby ignoring or paying less attention to record-keeping. Of course, an SME owner isn’t a superman or woman, yet the same proprietor is the accountant, stock keeper, manager, and driver. But ignoring to keep a financial record could be detrimental to the long-term … Read more

How to register your business name in Nigeria without a CAC agent

May 10, 2024August 17, 2021 by Opeyemi Quadri

It will cost you at least N25,000 (about $18 USD) to register your business name in Nigeria through an accredited agent of the Corporate Affairs Commission, but you may not need the services of an agent if you can follow the guidelines and instructions set by the commission. If you register yourself, you will save at least … Read more

15 Ways Business Owners Should Look After Their Mental Health

October 13, 2022August 16, 2021 by Opeyemi Quadri

As a business owner, the success of your business depends on how healthy you are. If you can’t effectively manage your business due to ill health, your business will definitely suffer the consequences. Most times, a small business owner is a driver, the account manager, the recruiter etc because they want to maximise profit. When … Read more

33 Nigerian Banks Where You Can Get DBN Loan For Your Business

October 30, 2021August 15, 2021 by Opeyemi Quadri

Loan application process infomedia nigeeria

We’ve said severally how difficult it is for small business owners to access financing, but getting the right information to know the right credit facility for SMEs is also very important. Do you know that even when the loans are available, the eligibility requirements and the interest rates by the commercial banks are not always … Read more

5 Implications of CBN Stoppage of Forex Sales to BDC Operators in Nigeria

October 19, 2022August 15, 2021 by Opeyemi Quadri

I read in the news on Tuesday, July 27, 2021, that Godwin Emefiele-led Central Bank of Nigeria halted the sales of forex to the Bureau De Change operators in Nigeria. CBN will now be supplying forex to ONLY commercial banks. The new rule takes immediate effect. Should you be worried about the new CBN policy … Read more