Fintech
November 6, 2024
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In a bizarre video going around on Nigerian social media, a man believed to be a wizard crash-landed on the rooftop of a building on his way back from a coven meeting at Okpokpor street in Okpara-Inland in Ethiope-East local government area of Delta State, south-east Nigeria. The man who was identified as Omamuyovwi, a commercial motorcycle operator who is well known in the community and married with two children, could be seen clutching a…
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Boko Haram fighters have killed at least 43 farmers in the Zamarmari area of Jere local government area of Borno state. The farmers were killed at Kwashabe village, about 20 kilometers north of Maiduguri, Borno capital. The assailants tied up the agricultural workers and slit their throats in the village of Kwashabe, Nasiru Usman, one of the farmers who escaped during the attack, told reporters. Usman said trouble started after some farmers apprehended a Boko…
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The Nigeria Youth Investment Fund is a N75 billion government initiative designed to boost the Nigerian economy through leverage and access to finance for young people between the ages of 18 and 35. The fund hopes to serve as a catalyst to unleash the potential of the youth and enable many of them to build businesses that will create jobs and improve the country’s ailing economy. The scheme is part of the N2.3 trillion stimulus…
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The Dangote oil refinery is an ambitious project being undertaken by Africa’s richest man Aliko Dangote. when complete, the refinery will have the single biggest impact on Nigeria’s economy as it is expected to be a lasting solution to the country’s heavy dependence on the importation of petroleum products for domestic consumption. Earlier in November, Nigeria slipped into economic recession and experts believe the main cause is the fact that the country has had to…
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The Survival Fund is a scheme created by the federal government of Nigeria to provide support to over half a million medium and small-scale enterprises MSMEs in meeting their payroll objectives. The scheme became important in light of the economic devastation caused by the coronavirus pandemic – thus, providing support to vulnerable MSMEs in meeting payroll obligations of between N30,000 andN50,000 per employee per month to safeguard the jobs of up to 10 employees…