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PRIMENEWS

PRIMENEWS

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Category: Economy

Okpebholo Launches N1billion Interest-Free Loan Scheme For Traders, Farmers –

Okpebholo Launches N1billion Interest-Free Loan Scheme For Traders, Farmers –

The governor of Edo state Senator Monday Okpebholo has inaugurated a N1billion interest-free loan scheme in Benin, targeting farmers and…

Punisher Coin Resembles Ponzi Scheme – FG

Punisher Coin Resembles Ponzi Scheme – FG

The Federal Government through the Securities and Exchange Commission (SEC) has cautioned Nigerians against investing in a cryptocurrency called Punisher…

Bees Can Help Nigeria’s Economy Buzz Again – Apiculturist

Bees Can Help Nigeria’s Economy Buzz Again – Apiculturist

An Ado Ekiti based Apiculturist, Mr. Daramola Akinwale has urged Nigerian leaders to embrace beekeeping as a practical solution to…

Oyo State Unveils Export-Ready Food Products, Inaugurates Cooperative Export Board

Oyo State Unveils Export-Ready Food Products, Inaugurates Cooperative Export Board

In a major step toward enhancing agro-industrialization and boosting regional trade, the Oyo State Government has launched a new range…

Oyo State Begins N3.5 Billion Upgrade of Three Major Markets Under OY-RAAMP

Oyo State Begins N3.5 Billion Upgrade of Three Major Markets Under OY-RAAMP

In a bold move to boost agricultural development and improve rural economies, the Oyo State Government has awarded contracts worth…

The Paradox of Ponzi Schemes: A Complex Wealth Redistribution Phenomenon – By Olaoluwa Mimiola

The Paradox of Ponzi Schemes: A Complex Wealth Redistribution Phenomenon – By Olaoluwa Mimiola

Ponzi schemes are investment frauds that entice investors with the promise of high investment returns. Named after Charles Ponzi, who…

CBN Imposes N15.42bn Fine on Zenith Bank for Regulatory Non-Compliance

CBN Imposes N15.42bn Fine on Zenith Bank for Regulatory Non-Compliance

The Central Bank of Nigeria (CBN) has levied a total fine of N15.42 billion on Zenith Bank Plc for failing…

Tinubu Raised 2025 Budget To N54.2 Trillion

Tinubu Raised 2025 Budget To N54.2 Trillion

President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by…

Over 65% of Nigerians Eat Unhealthy Diet – NBS

Over 65% of Nigerians Eat Unhealthy Diet – NBS

Report of a survey conducted by the National Bureau of Statistics, with support from the World Bank, shows that 71%…

FG, States, LGAs Share N1.41 trillion Allocation for October – FAAC

FG, States, LGAs Share N1.41 trillion Allocation for October – FAAC

The federation account allocation committee (FAAC) says it shared N1.41 trillion among the three tiers of government in October 2024.…

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