INFOMEDIANG

Did You Receive AGSMEIS Loan Decline Message? Here Are The 3 Practicable Ways To Review Your Application To Get Approval For N3M or Less

August 5, 2023August 5, 2021 by Editorial Staff

Loan applicants under the Agri-Business Small Medium Enterprises Investment Scheme (AGSMEIS) since the beginning of August 2021, started receiving messages from the Nirsal NIRSAL microfinance bank about the status of the fund applications. What is Loan Decline? Loan decline is a situation whereby a lender feels your application for a credit facility doesn’t meet the required … Read more

5 Types of Loan Collateral in Nigerian Banks

August 5, 2023August 5, 2021 by Editorial Staff

Loan application process infomedia nigeeria

Ever wondered why wealthy businessmen have easy access to loans? It’s because money lenders have brighter chances of recouping their money through the visible or invisible collateral they can provide. The reverse is the case for an upcoming business owner, who struggles with office space, funds, and human capital. Banks hardly grant their loan request, … Read more

Does CBN Have Powers To Convert Domiciliary Accounts To Naira?

August 5, 2023August 4, 2021 by Editorial Staff

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There are fears that the Central Bank of Nigeria (CBN) might use its financial powers to convert foreign currencies in domiciliary accounts to Naira as one of its desperate moves to stabilize the forex market. Although, there was no statement to such a move by the apex bank, its recent action against the activity of … Read more

Saka T Customized T-Shirts Launch in Lagos

August 5, 2023August 4, 2021 by Editorial Staff

Saka T Entertainment has announced the official launch of a new range of customized T-Shirts under the brand Saka T Collections to be available in Lagos and across Nigeria. The new product which is done in quality material, Saka T Customize T-Shirts come with your images, text, design, or logo, depending on customers’ preferences. CEO … Read more

6 Practicable Ways To Invest In Forex Exchange in Nigeria And Make Profit

August 5, 2023August 3, 2021 by Editorial Staff

Invest In Forex Exchange For Profit in Nigeria infomediaNG

The foreign exchange market or forex has several definitions for hundreds of people around the world, the most important thing is that FX is a market where currencies across the world are traded 24/7. When you buy Euro with Naira or USD with Pounds, that’s forex. To a Nigerian who needs dollars for personal travel … Read more

How to Open a Domiciliary Account in Nigeria

March 6, 2025August 3, 2021 by Editorial Staff

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A domiciliary account is an account designed to receive foreign currencies such as the US dollar, Pounds Sterling, EUR, among others. It allows individuals, businesses, and corporate organizations to receive and make payments in foreign currencies. Some of the banks with the best services in terms of domiciliary account include Standard Chartered Bank, Providus, GTBank, … Read more

4 Steps To Get CoinJar Crypto Mastercard As Australian Exchange Simplifies Online, Store Purchases

August 5, 2023August 3, 2021 by Editorial Staff

CoinJar Crypto Mastercard Australian exchange

Users of CoinJar can now make purchases with crypto MasterCard across Australia, the longest cryptocurrency exchange in the country said in an official message on Tuesday, August 3, 2021 To make it easier for its users to order the card, the firm has also embedded a button within its crypto app which users can simply … Read more

FCMB To Disburse AfDB-backed $50m Credit Facility To Women Entrepreneurs, Agribusiness, Others

August 5, 2023August 1, 2021 by Editorial Staff

By the end of 2021, qualified women entrepreneurs in Nigeria will enjoy $50 million credit facility from the First City Monument Bank (FCMB) courtesy African Development Bank (AfDB). Founded in April 1982, The Nigerian bank is popular for its SheVentures, one of the special loans specifically designed for women entrepreneurs in Nigeria, loans for women can … Read more

Inspiring Story of How Osaruguemwen Asemota Started Makeup Business At 19

August 5, 2023August 1, 2021 by Editorial Staff

Inspiring Story of Osaruguemwen Asemota of JunebyTife Makeup Business

While the rate of unemployment among Nigerian youths is rapidly growing at a very disturbing pace, 19-year-old Osaruguemwen Asemota Precious doesn’t want to join the growing number. One of the entrepreneurial actions she took was to establish a makeup business. The undergraduate Medical Laboratory Science student at the Kwara State University, she set up a … Read more

SON Announces Plan To Empower MSMEs

August 5, 2023August 1, 2021 by Editorial Staff

Requirement of Form M and Form Q For Your Importation Business infomediang

One of the major challenges Micro, Small, And Medium Enterprises (MSMEs) face is a lack of support, majorly financial and technical support. But the Standards Organisation of Nigeria said it’s collaborating with states governments in Nigeria to empower the small business owners in their daily entrepreneurial struggles. SON, Nigeria’s agency responsible for certifying products to … Read more

10 Key Requirements For Foreign Medical Bills in Nigeria

February 12, 2024July 31, 2021 by Editorial Staff

One of the services provided by the CBN is facilitating the purchase of foreign exchange for paying Foreign Medical Bills through Form A. Form A enables Nigerians to buy dollars, euros, or Pounds among others for applicants to attend to their healthcare needs in a hospital outside the shore of Nigeria. Here are the requirements … Read more

13 Requirements for Personal Travel Allowance Application Nigeria

February 12, 2024July 31, 2021 by Editorial Staff

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Following the recent directive by the Central Bank of Nigeria on the sales of forex, Nigerians can now walk into any branches of Nigerian banks to buy foreign exchange for Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). Targeted people Requirements for Personal Travel Allowance 1) You must be eighteen years old and above … Read more

15 Details to Include When Reporting Failed Transactions to CBN

August 26, 2022July 31, 2021 by Opeyemi Quadri

Have you ever been caught in the web of banking glitches? Like when you’re debited for performing a transaction that isn’t executed. What exactly did you do when this happened to you? Report to your bank and wait for several weeks without a solution to your complaint? For those who earlier submission application for BDC … Read more

How To Request A Refund From CBN If You Applied For BDC Operating Licence Before July 27 New Forex Policy

July 30, 2021 by Opeyemi Quadri

Before the latest policy of the Central Bank of Nigerian on the sales dollars and other foreign currencies to Bureau de Change operators, there were individuals who submitted applications for BDC operating licence to the apex bank, they can now apply for a refund. This followed the announcement by the apex bank that no fresh … Read more

CBN Has Not Banned BDCs From Trading Forex – BDC Operators’ President

August 7, 2021July 30, 2021 by Opeyemi Quadri

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Bureaux De Change operators are not backing down despite the decision of the Central Bank of Nigeria (CBN) to stop the sales of forex to them. They stated this Thursday, July 29, 2021, in Abuja after Godwin Emefiele-led CBN declared that some of the operators are conduits for money laundering and diverted the forex meant for … Read more