In the 1990s, my grandma had a savings account in Imo Microfinance Bank, a local financial institution based in Ilesa, Osun State. One day, we woke up to read about the closure of the bank by the Central Bank of Nigeria (CBN). At the time, she had close to N50, 000. All her savings were … Read more
For small scale entrepreneur to access any of the loans supported by the Central Bank (CBN), he must have undergone specific training at Entrepreneurship Development Centres or EDC which are certified by the apex bank. Also known as Entrepreneurship Development Institute (EDI), the centres are saddled with the mandate of developing entrepreneurship spirit among Nigerians. … Read more
Unbelievably, you need just N10,000 to become a SANEF agent provided you meet other eligibility requirements. For exited N-Power beneficiaries, the Central Bank of Nigeria WILL provide the takeoff capital for you. Gbam!…You become CBN-Certified Mobile Money Agent in your community. The difference between a super agent and an agent, we’ll tell you more in this … Read more
A lot of small business owners get confused when the Central Bank of Nigeria says it is supporting businesses with a loan. One of such is Agric Business, Small Medium Enterprise Investment Scheme. Some of them are quick to ask: How can I access a CBN loan? Will I have to visit the CBN branch … Read more
Plateau State government can now enrol its residents for the National Identity Number after it secured NIN registration licence from the National Identity Management Commission (NIMC). The Governor’s Director of Press and Public Affairs, Macham Makut, in a statement on disclosed that the licence is for one year. What does this mean for Plateau residents? … Read more
It was cheering news that the National Identity Management Commission launched its own app dubbed “MWS: NIMC MobileID (Early Access)” You can use the app to link up to seven SIM cards to your NIN. It’s fantastic! Our view We downloaded the app, we used it, and we’ll be sharing with you how the NIMC … Read more
Thousands of Nigerians have benefited from the Payroll Support Scheme, one of the funding programmes under the MSME Survival Fund On January 6, 2021, the Federal Government revealed 283,023 Nigerians had benefited from the programme. MSMEs is Nigeria’s Micro, Small and Medium Enterprises one the economic recovery plans after the COVID-19 pandemic. What Payroll Support Scheme Is About The Payroll … Read more
There are many fuses about those whose National Identity Numbers (NIN) were generated when they registered for the Bank Verification Number (BVN). One such widely circulated message on social media and messaging apps since 2020 is: “So many Nigerians have NIN and they are unaware. The truth is that everyone that did their BVN when … Read more
The challenges faced by Nigerians regarding registration for the National Identity Number (NIN) is enormous, especially for those who lost the phone number linked to their NIN. As for the prospective candidates of JAMB, the National Identification Management Commission (NIMC) has released a special email to address such NIN-related problems. Other questions Nigerians are asking … Read more
Tony Elumelu Foundation 2022 application portal will open January 1 through March 31, 2022, organisers of the programme have said. Applications are submitted through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the foundation. Sponsored by one of Africa’s biggest philanthropists Tony Elumelu, TEF Entrepreneurship Programme is open to entrepreneurs from … Read more
Recently, the Federal Government announced the registration of unemployed youths across Nigeria by the National Directorate of Employment (NDE). The registration is across all the 36 states of the federation and here are the office address of NDE for the unemployed Nigerians to register. About NDE The National Directorate of Employment (NDE) was established in November … Read more
There are many things associated with your Bank Verification Number, that’s why you’re advised to keep it or never share it with a stranger. Have you been wondering how 419 or Yahoo Boys ( online fraudsters) in Nigeria could use your BVN to steal money from your bank account? In this post, we’ll tell you why … Read more
A few years back, a friend was robbed, his wallet which contained some monies and his ATM Debit Card were stolen. Good for him, his mobile phone wasn’t stolen. And within a few minutes, he communicated with his bank by dialing the USSD code to block his account number. This means his ATM card with robbers … Read more
If you don’t belong to a functional farmers’ cooperative, you are definitely missing out on a lot of funding opportunities. One of such is the Anchor Borrowers Programme Loan or ABP. The fact that the last update most of you heard about the agricultural loan was sometimes in July 2020, yet there are some modalities … Read more
Formerly known as the Department of National Civic Registration (DNCR), the National Identity Management Commission has failed in its mandate to provide National Identity Card for more than 200 million Nigerians at home and in the diaspora. And the commission doesn’t look apologetic about its failure. Established by the NIMC Act No. 23 of 2007, … Read more