Femi Otedola | Biography, Net Worth and Personal Life

Femi Otedola is a Nigerian businessman, the father of the popular DJ, DJ Cuppy, the former chairman of Forte Oil plc, an importer of fuel products, he is also the founder and CEO of Zenon petroleum and gas Ltd and the owner of a number of other businesses across real estate, shipping and finance.

Femi Otedola is the second Nigerian after Aliko Dangote to be included on the Forbes list of dollar-denominated billionaires. He is also the son of the former Lagos State Governor, Sir Michael Otedola who was the 9th Lagos state governor and was in office from January 1992 to 18 November 1993.

Tables Of Contents

  • Femi Otedola Net Worth
  • Biography/Early Life
  • Personal Life
  • Bribery and Corruption Allegation
  • Conclusion

Femi Otedola Net Worth

Femi Otedola of Nigeria is the former chairman of of forte oil plc, an oil marketing and power generation company. He is also the chairman of zenon petroleum and gas Ltd. When Forbes published its annual rich list in March 2016, Otedola was ranked as 1011st richest person in the world with a net worth of $1.8 billion. It dropped to $550 million in 2018 rich list ranking by the same Forbes.

Biography/Early Life Of Femi Otedola

Femi Otedola was born on the 4th of November 1962 in Ibadan, the capital of Oyo State, South West Nigeria, into the family of the late Sir Michael Otedola, governor of Lagos state from January 1992 to 18 November 1993.

In the late 1980s the young Femi ran the marketing for his family’s printing press before going on to trade petroleum products (Oil and gas). In 1994, Femi established CentreForce Ltd, which specialises in finance, investment and trading. He is also the owner of Swift insurance.

Femi is the chief executive and CEO of SeaForce shipping company Ltd and was at a certain time named as the largest ship owner in Nigeria after gaining more control over the distribution of diesel products. One of his ships, a flat bottomed bunker vessel with a storage capacity of 16,000 metric tonnes, was the first of its kind in Nigeria and Africa as a whole.

Bearing in mind that oil and gas business is a lucrative business in Nigeria, Femi Otedola secured the finance to establish Zenon petroleum and gas Ltd, a petroleum products marketing and distribution company. Being the founder and owner of Zenon, he invested the sum of N15 billion in downstream infrastructure development and acquired storage depots at Ibafon, Apapa as well as four cargo vessels amounting to a combined total storage capacity of 147,000MT (metric tonnes) capable of distributing fuels to large manufacturing companies in Nigeria in the year 2004. He later purchase a fleet of 100 DAF fuel tanker trucks for N1.4 billion in the same year being 2004.

According to news and information, Femi was reportedly alleged to be the Santa Claus of the people’s democratic party (PDP) and has contributed N100 million or more, to president Olusegun Obasanjo’s re-election bid in 2003. Have previously served as a member of the Nigerian investment promotion council (NIPC) and was also appointed to a committee tasked with developing commercial relations with South Africa in 2004.

In 2005, Femi personally donated N300 million to the completion of the national ecumenical centre (NEC), Nigeria’s primary worship center in Abuja.

In January 2006, Femi was appointed as a non-executive director of Transnational Corporations of Nigeria plc, a multi sectoral conglomerate established in 2004 by Nigeria former president Olusegun Obasanjo, to respond to market opportunities requiring heavy capital investment in Nigeria and across sub-saharan Africa. Which he later vacated on February 2011.

In 2007, Femi was among a group of donors that donated N200 million to the State security trust fund with the aim of stopping or reducing crime in Lagos state. Later that year he offered N100 million to the Otedola college of primary education in Noforija, Epe.

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Femi has made a number of real estate business by making a N2.3 billion acquisition in 2007 by Zenon of Stallion house in Victoria island in Lagos, from the Nigerian federal government. He was also appointed as the chairman of the Transcorp Hilton hotel in Abuja and tasked with driving its expansion and upgrade to a 7 star facility in the same year 2007. He is the owner of FO properties Ltd.

In March 2007, Femi obtained a loan of N193.5 billion from ten banks in Nigeria to fund his company Zenon, as a working capital to build the largest premium motor spirit storage facility in Africa.

In the same year, Femi was appointed as the chairman and chief executive of African Petroleum through the acquisition of a controlling stake in the business. He personally acquired a further 29.3% of the company for N40 billion in December of the same year. A merger of this personal holding with Zenon brought Otedolas total stake to 55.3%.

In 2008, Femi Otedola donated N80 million to the faculty of agriculture at the university of Port Harcourt.

In March 2009, Otedola became the second Nigerian after Aliko Dangote to be included in the Forbes list of richest man in Nigeria with an estimated net worth of $1.2 billion.

In December 2010, African Petroleum rebranded and officially changed its name to Forte oil Ltd. Femi carried out a restructuring of the business, focusing on technology and improved corporate governance which enables Forte oil to return to profit in 2012.

In 2011, Femi Otedola was appointed by the then president of Nigeria, president Goodluck Jonathan to Nigerians national economic management team.

In 2013, as part of the federal government push to liberalise Nigeria’s ailing power sector, Femi finance 57% of forte oil subsidiary amperion Ltd which acquired the 414MW Geregu power plant for $132 million.

Also ReadTop 10 Best Rated Car Dealers In Lagos, Nigeria

In September 2015, Forte oil sold 17% of its equity to Swiss commodity trader Mercuria Energy Group, this deals gave forte oil access to global commodity markets. It is believed that Femi earns $200 million from it.

In 2019, Femi sold Forte oil plc and announced plans to change attention from oil to power with his company, Geregu Power Plc. Femi also fulfilled his pledge by donating $25,000 to the super eagles of Nigeria in the match against Algeria.

Femi Otedola Personal Life

Femi Otedola was born on 4th November 1962 in Ibadan, Oyo state, Nigeria. He had his first degree at Awolowo University Ile-Ife. His first daughter, Tolani, is a singer. After she was born, Femi Otedola married Nana Otedola and they had 3 children namely: Florence Ifeoluwa Otedola Aka DJ Cuppy, Fewa Otedola (son) and Elizabeth Temi.

Femi Otedola Bribery and Corruption Allegation

In 2012, it was reported that Femi Otedola gave $620,000 bribe to the then chairman of the house committee on fuel subsidy regime named Boniface Emenalo and Farouq Lawan. According to eye witnesses who claim that Femi wanted the name of his company to be deleted from the list of firms indicated by Farouq Lawans committee for abusing the fuel subsidy regime in 2012. They bribe could have put both Boniface and Farouq at risk of being jailed if found guilty of collecting bribes from Femi.

Femi Otedola Controversial Allegation

In December 2016, Femi Otedola was in a mix of controversy where it is reported that two Toronto based sisters named Kiran Matharoo and Jyoti reportedly tried to extort him by cyberbullying and blackmailing. They claimed that they had evidence of Femi cheating on his dear wife Nana Otedola, and that they would post on a notorious sex scandal website.


Femi Otedola is the son of the late former Lagos State Governor, Sir Micheal Otedola who pass away on 5th may, 2014. Femi is rose to fame by investing in petroleum products and owns other businesses in nigeria.

Cletus Ibeto | Biography, Net Worth, Success Story and Marital Life

Cletus Ibeto is a Nigerian business mogul, a philanthropist, founder and head of Ibeto group, a conglomerate with business interests in petrochemical industries, cement, hospitality, real estate, automotive parts as well as banking and finance.

Cletus ibeto

He is a renowned and acknowledged industrialist who has advanced the cause of international goodwill and understanding through his extensive international business undertakings and network. Known as a man of good character, business and community reputation, he is focused, determined and dedicated in pursuing of excellence.

Tables Of Contents

  • Cletus Ibeto Net Worth
  • Biography/Early Life
  • Life As An Apprentice
  • Journey To Prominence
  • Honour’s and Recognition
  • Marital Life
  • Conclusion

Cletus Ibeto Net Worth

Dr. Cletus Madubugwu Ibeto is estimated to worth around $3.7 billion.

Biography/Early Life Of Cletus Ibeto

Dr. Cletus Madubugwu Ibeto was born on the 6th of November, 1952 in the city of Nnewi in Anambra state, Nigeria. In January 22nd, 1966, the young Cletus was enrolled in Crusader Secondary School, Isingwa Amachala, umuahia at a tender age of 13, following in the footsteps of his two elder brothers, Cyrin and Louis Ibeto (who where already in school).

Young Cletus like every other kids was so excited that he even dreams of finishing his education at the higher level, but unfortunately, his educational ambition was cut short on the day he was supposed to resume school.

Also ReadHow To Start A Snail Rearing Business In Nigeria

After a 30 minutes or more discussion between his father and his elder brother, Cyril, his father had concluded that Cletus wouldn’t be going to school anymore, based on the fact that since his two sons (Cyrin and Louis) were already in secondary school, so it is better and wise if his last son Cletus, should choose a different route. So his father concluded that he Cletus, should go and learn trade which is a respected and well known path among the people of Nnewi from a trader known as John Akamelu, who deals with auto spare parts in Onitsha, Anambra state.

What a world? Cletus cried all through night and even refused to eat for days, in an attempt to try to change his father’s mind but all to no avail, so he had no any other choice other than to obey his father’s decision and he did so and left to Onitsha in his school uniform.

Cletus Ibetos Life As an Apprentice

Upon his safety arrival at Onitsha, the young Cletus Ibeto was seen wearing his school uniform by people in the market and this led to many pocking fun of him by calling him names such as, “School boy” and other names, solely because formal education was considered back then, as a thing for the weaklings who could not brave the competitive world of trading and only few parents allows their children to be educated.

His master, John Akamelu, hated Cletus love for education with passion, so he deals with him mercilessly whenever he sees it necessary with the aim of helping the young Ibeto to master his trade.

Even till today, Cletus Madubugwu Ibeto still carries the mark of his master’s whip lashes on his laps with pride. Cletus journey into apprenticeship was cut shot in 1967, age, 17 years, when a war broke out as he was forced to partake in the war known by many as Nigerian civil war or in short, “Biafran war”.

Cletus was conscripted into the Biafran army, becoming a batsman to a Biafran captain who died at the first battle. Cletus was shot in his lungs during the war but survived after several months in hospital.

Cletus Ibeto Journey To Prominence

Upon the ending of the war, Cletus begin sorting for ways to raise capital to manage his business. His Prominence came during the regime of then president of Nigeria, president Alhaji Shehu Shagari. Under the leadership of Shagari, he allows the importation of goods into the country without import license so Cletus being smart enough, make use of this opportunities by quickly importing goods into the country. By the time the import license was re-introduced, he had already saved up to N3 million which he used to obtain an import license.

Also ReadHow To Save or Invest Money On Piggyvest Platform In Nigeria

He subsequently imported 65 containers of motor spare. By the time other importers went for import license, the government has already tightened the screw and it was virtually impossible to obtain import license. This sudden decision by the government benefitted no body other than Cletus Ibeto, whose containers were already in the market, became the only one who had enough goods at that time to sell. He had customers from all over the country lining up to buy from him irregardless of the higher price at which he was selling.

He earns up to $5 million within two days of the arrival of his containers and during an interview he said, “that was the turning point for me”. Ibeto business continued to thrive from that point up ward’s. On march 1988, Ibeto stopped direct importation of lead acid automotive battery and plastic motor accessories, after completing his factory in Nnewi. In 1995, Ibeto group (his business name) became one of the, if not the largest auto spare parts manufacturing outfits in Nigeria.

In October 2, 1996, Ibeto petrochemical industries Ltd was established at Apapa Wharf and the Ibru Jetty Complex, Lagos, Nigeria. Which is engaged in the blending of oil lubricants as well as the production of various types of petroleum products for local and international markets. The company owns the largest liquid storage facilities for petroleum products in Nigeria with a capacity of over 60,000 metric tonnes.

In May 2018, Ibeto cement company Ltd announce a reverse merger with century petroleum corporation, a United States publicly traded petroleum exploration and production company in a move to enter global markets and bypass the complex process of listing. He later purchase 70% controlling power of the company and he was subsequently made the chairman of the board of directors.

Honour’s and Recognitions of Chief Cletus Ibeto

  • Dr. Cletus Ibeto holds a B.Sc. (Hon.) Degree in accountancy from the university of Nigeria, Nsukka (UNN) 
  • He was also subsequently honoured with a doctor of business administration (DBA) (Honoris Causa) by the university of Nigeria, Nsukka in his Alma Mata.
  • In 2008 Chief Ibeto received the national honour of officer of the order of the Niger (OON) from the federal republic of Nigeria (FRN) for his outstanding contributions to the socio-economic development of the country and service to humanity.
  • He was awarded the honour of commander of the order of the Niger (CON) in 2012, for his continued outstanding service to the nation.
  • He is a member of institute of directors Nigeria and also sits on the board of several other reputable corporate organizations in Nigeria and beyond.

Cletus Ibeto Marital Life

Chief Cletus Ibeto officially changed his marital status in December 2012, When he got married to a lawyer named Augustina Ifeyinwa Okpala simply referred to as Ify. Having previously parted ways with throughout his first wife and mother of his 3 children over irreconcilable differences. 

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Cletus Ibeto is age 67 years as at the time of writing, and he is married to a lawyer who is fair and tall in complexion namely Mrs. Ifeyinwa Augustina Okpala.

Most Lucrative Business In Nigeria 2020

Here are the list of the most Lucrative business in Nigeria one can do no matter your qualifications as long as you are prepared and determined to get out of poverty at all costs.

Are you wondering how to Make money in Nigeria? Are you looking for a business that can kick start your journey to financial freedom? A business that can fetch you lots of income and at the same time allows you to spend more time with your family and friends? I know that is the best life everyone is striving for. A life where you becomes your own boss.

Making money has never been an easy thing, it requires determination, while others requires self control, endurance and perseverance but just as the saying goes, “never give up” keep working hard until your last breath.

So without wasting much of your time, here are the most Lucrative business in Nigeria one can start and end huge profits within a short time.

Tables Of Contents

  • Most Lucrative Business Ideas In Nigeria
  • Agriculture
  • Oil and gas
  • Blogging
  • Importation Business
  • Affiliate Marketing
  • Transportation Business
  • Dry Cleaning Business
  • Hotel Business
  • Barbing Salon Business
  • Real Estate Business
  • Conclusion

10 Most Lucrative Business Ideas In Nigeria

Here are the list of the most lucrative business in Nigeria one can ever think of:

1: Agriculture

The Nigerian government has put in so many resources into the agricultural sector. The sector which was previously considered the major generator of revenue for the government is slowly gaining back its reputation by making up over 20.49% of our total GDP in 2016.

Nigeria itself is an agricultural country and you can see that from our national coat of arms. Where the black shield represents the fertile soil of Nigeria, the green and white wreath on which the eagle stands represent the agricultural potential of our great country.

The demands for agriculture products both in Nigeria and in diaspora will always be on a high side because food is one of the basic needs of man. So with proper strategic planning, any individual having basic knowledge of farming and manufacturing operations can start a profitable agribusiness in Nigeria even without huge capital or farmland. But Incase you don’t have any capital at hand, you can check out these online loans in Nigeria that gives out quick loans without collateral and your money will be disbursed into your bank account within 5 minutes if accepted.

According to statistics, Nigerians are earning up to $40billion yearly only from agricultural exports. Products that are in huge demand in the international market include the following:

Whereas, the ones that are in huge demands in the local market includes:
  • Fish farming
  • Poultry farming
  • Rice farming
  • Cassava farming etc.

There are many reasons every young aspiring entrepreneurs should look into agriculture because it is a business you can start with low capital but earns Millions of profit within a short period thus making it the most lucrative business in Nigeria.

2: Oil and Gas

Nigeria is considered to be no.1 Oil and gas producers in Africa and are among the top 10 in the world and also among the top 5 largest foreign crude oil supplier to the United States according to statistics.

Nigerian economy is largely dependent on the oil and gas sector which account for about 95% of its foreign exchange earnings, 40% or more of its GDP and 75% of federal government total revenue. This prompted the federal government to initiate policies and regulations from work to attract more investment, guarantee increase in production capacity and ensure a sustainable environment.

Also Read: How to save and invest money on piggyvest in Nigeria

Oil and gas is one of the most profitable business in Nigeria many people are finding it difficult to understand. In fact, it should be rank as no.1 most Lucrative business in Nigeria because we depends a lot on oil and gas in 50% of everything we do such as:

  1. We depends on kerosene or gas for cooking food, boiling water etc.
  2. We depends on fuel or diesel to move our motorcycle, vehicles or tricycle etc.
  3. We depends on fuel for electricity when their is no light (PHCN) and so on.

Here are list of oil and gas business that is making waves in Nigeria which you can start with low capital and earn millions of money:
We depends a lot on oil and gas and because of this, isn’t it advisable to tab into any of these business that i mentioned above that is currently making waves in Nigeria?

Also ReadBest Nigeria investment company that pays

3: Blogging

Blogging is among the most lucrative business in Nigeria that is currently making waves at the moment which you can start with low capital an earn millions of money within a short period of time.

There are many blogging niche you can based upon namely:
  • News and entertainment
  • Fitness and health
  • Fashion and lifestyle
  • Travels and tours
  • Education and parenting etc.

As a blogger, you can monetize your blog and earn millions of money via any of these methods:
  1. Affiliate marketing
  2. Google Adsense
  3. Direct advertising etc.

There are two main blogging platform you can choose to start your blog namely: WordPress and blogger(blogspot). 

For more information on how to start a blog in Nigeria, send me a mail via the contact form.

4: Importation Business 

Importation business is the act of buying goods outside of Nigeria at a cheaper price and you sell it in a higher price in Nigeria. Importation business is a business anyone can do no matter your qualifications as long as you have a mobile phone or laptop with an internet connectivity.

Also ReadTop 10 Rated Car Dealers In Lagos, Nigeria

You can import any items you feel like it can yield you more profit in Nigeria without you necessarily traveling outside the country because, in importation business, you can import any items anywhere you are be it at home, office or work and your items will be delivered to you right here in Nigeria.

There are many foreign platforms you can import your goods at a very cheap price namely:

  1. AliExpress
  2. Dhgate
  3. Ali baba etc

These are a list of profitable items you can import

  • Beauty and Health
  • Jewelry and Accessories
  • Automobile and Motorcycles
  • Cell phone and Telecommunication
  • Laptops and Home appliances etc.

Now, take for instance you import an item at a relatively cheap price at $4.30 +(N1,500) and you sold it at N3,800 to N4,000. Your profit is 1500 – 4,000 = N2,500. Now take for instance you import up to 50 items, isn’t it a lucrative business in Nigeria?

To learn more about importation business, send a me at kellymarketingcpa042@gmail.com

5: Affiliate Marketing Business

Affiliate marketing is a lucrative business in Nigeria. It doesn’t require any start up capital or you making sales before you earn. You’re being paid for inviting any member through your affiliate link or banner that is being given to you during registration.

Previously, starting an affiliate marketing in Nigeria is hard because of two major barriers that stood between Nigerians and Affiliate networkers, namely:

  1. The outright omission of Nigeria from the list of accepted countries for most programs
  2. Adoption, by most programs, of payment methods that were inaccessible to Nigerians.

Many Nigerian companies now run an affiliate programs and with services like payoneer to the rescue, Nigerians can now participate both in Nigerian and foreign Affiliate programs and Withdraw their earnings directly to their local bank account. Because of this, many Nigerian online marketers are now making huge profits monthly from this online business model. 

How Affiliate Marketers Get Paid

Most affiliate programs have specific rules based on their paying methods, but there are two most important methods you can expect to see in affiliate marketing, namely:

Pay per action

Pay per action is a process whereby you get paid when a person you refer via your affiliate link complete a specific action that leads to a conversion.

Pay per click

Pay per click also is an internet advertising model used to drive traffic to a websites. You get paid when someone clicks on your link or ad you place on your website. They don’t need to buy anything or take action unlike in pay per action.

How Affiliate Marketing Works

  • You sign up as an affiliate marketer on any company of your preferred choice based on the offer on the table.
  • An affiliate link or ID is being given to you upon signing up for they program, for the purpose of identifying who drives sales to they company.
  • You as an affiliate promote the link on your website or social media sites.
  • A visitor clicks on your affiliate link and landed on they companies website and purchase an item from they company.
  • They company check who directed the customer to buy an item from them through their data base and find out that if was you, the affiliate.
  • They company will now gladly reward you, as an affiliate, a certain amount of money known as commission that was being agreed on.

Many people don’t seek the right information before venturing into any affiliate marketing and after a month or so, they decides to give up since the money they intended making is not even coming in. Click here to see the list of Affiliate marketing programs in Nigeria one can do and earn huge income.

Also ReadA Step by Step guide on how to Save Money in Nigeria

6: Transportation Business

This business is hot trending both in Nigeria and in diaspora. Who doesn’t like this line of business, very lucrative business you can start with low capital and earn huge money within a short time.

We depends a lot on transportation in anything we do in other to avoid being late either for work, church, occasion or any other activities.

There are tons of transportation line of business you can choose to commence with such as

  • Tricycle (Keke-napep)
  • Commercial Luxury Buses/Mini Bus
  • Motorcycles (Okada)
  • Haulage Transport Service
  • Car Town Service (Taxi) etc.

What makes this business lucrative is that over 70% of Nigerian population depends or make use of these public transport daily between home and work and also between one city and another. So the need for transportation service is extremely high and according to statistics generated by federal road safety commission (FRSC), the total number of registered vehicles in Nigeria is over 6 million.

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Since Nigeria as a country is populated by over 150 million of individuals and up to 70% of individuals depends on transports daily, isn’t it economically wise to tap into this profitable business in Nigeria?

These are the rules to follow before starting this transport business:
  1. Decide which line of transportation you would like to begin with
  2. Obtain your vehicle vehicle either through hire-purchase, lease or an outright buy
  3. Chi your location and the routes that earns quick money
  4. Grow your business by either driving it yourself or high a professional driver.

7: Dry Cleaning Business (Laundry Service)

Dry cleaning business in Nigeria is considered by many as an Odd business in Nigeria. But did you know that this dry cleaning business can earn you up to up to N500,000 on a monthly basis? I know you are in a state of shock.

This business is solely made for any serious hard-working entrepreneur who are mostly looking to take advantage of this poor electricity supply in the country.

To succeed in this business, you need to first understand fabrics and how to care for them, types of detergent/soap that will be suitable for every kind of fabric and also how to iron fabrics. A dry cleaning company charge between N500 to N800 to wash and iron a shirt in Nigeria. Now imagine how much money you are to make if you are washing 20+ shirt in a day.

To start this business you need to have this items:
  1. A washing machine (optional)
  2. A generator (optional if you use a washing machine)
  3. A big washing bowls/buckets
  4. An iron
  5. Detergents and soaps
  6. Hangers/wooden hangers.

8: Hotel Business

Who doesn’t know what a hotel is all about in Nigeria. But for the who do not understand, a hotel can be defined as a commercial establishments which provides accommodation, feeding and other guest services to customers for a price. Hotel Business is profitable but it involves a lot of money to commence and once you set it up and running, it can generate you millions of money on a weekly basis.

Many people worldwide are visiting Nigeria for business purposes as well as for sightseeing or tourism purposes. Besides visitors from foreign countries, locals from different states in Nigeria travel from one state to another for different purposes. So they needed accommodation and their is no any other places they can think of except to lodge in a hotel.

9: Barbing Salon

Barbing salon is a profitable business ideas in Nigeria that can bring you lots of income when properly handled.

Basically, a barbing salon is a shop or apartment where people visit to have their haircuts or perform other activities such as  hair treatment, dying of hair etc.

This business has been in existence since the creation of Nigeria but many Nigerian Youth don’t have an insight knowledge of how lucrative this barbing salon business is in Nigeria.

A Barber charges N400 to N1,000 in some places in the northern Nigeria whereas some in eastern Nigeria charges from N200 to N450. Now imagine if you are getting a minimum of 30 people per day, you’ll be making up to N9,000/day.

10: Real Estate Business

Real estate business basically involves the selling or renting out of property consisting of lands and in some cases the buildings on it (if there is any), the crop’s and other minerals on the land as well. For example, an individual bought a plot of land for N400,000 with an intention to build a facility, or resell it for more profit, a year/two years later, he decided to sell it to other third party at the sum of N2 million. That is, he earns a profit of N1.6million within a year/two years. Isn’t that a lucrative business to venture into?

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This is how the real estate business works, the business is quite versatile and the options available for entrepreneur’s to maximize profit from the real estate sector are getting broader with each passing day. There are numerous real estate firms springing up all over the country and they also offer channels and opportunities for small scale business to boom.


Since you have seen all the lucrative business in Nigeria in 2020. Make a decision now and choose the right one that fits your criteria.

Heritage Bank Transfer Code | How to Send money Using HB USSD Code

Heritage bank transfer code allows to transfer money, pay bills, purchase airtime and perform other banking activities by dialing *322*030# with the use of your mobile phone without any need for internet connection or data.

Gone are those days when you have to queue only at your bank and stay for up to 30minutes waiting for your line to reach to perform your banking activities, before the introduction of automated teller machine known as ATM came along to the rescue and queuing moved from inside the banking hall to outside.

It was a welcome development as at that time when it became possible to perform your banking needs on any ATM machine near you in regardless weather it’s your bank ATM machine or other banks.

But what really revolutionized the banking sector was the introduction of mobile banking/Transfer Code(USSD code). With mobile banking you can perform your banking needs anywhere you are but with an internet connection. Whereas, Transfer/USSD Code allows  you to perform all your banking services across all GSM network (MTN, AirtelGlo and 9mobile) on any type of phone (Android, Java, iOS etc) anywhere, anytime.

Tables Of Contents

  • Heritage Bank Transfer Code
  • How To Transfer
  • How To Purchase Airtime
  • How To Pay Bills
  • How To Check Account Balance
  • Conclusion

Heritage Bank Transfer(USSD) Code

Heritage bank transfer code is *322*030# it is also known as USSD code. It is that code that allows you to perform all your banking activities with your mobile phone without the need for internet connection.

How To Transfer Money Using Heritage Bank Transfer Code

To transfer money to Heritage Bank account holder or to other bank account, follow this tutorial:

  • From the phone number linked to your Heritage bank account
  • Dial *322*030*Account number*Amount# and send
  • Follow the on-screen instructions to finalize your transaction
  • If successful, a notification message will be sent to you informing you that your transfer is successful.

For example, let’s assume that you want to transfer N10,000 to Mr. Obi account number 0209315677. Then, Dial *322*030*0209315677*10000# and send.

How To Buy Airtime With Heritage bank Airtime Recharge Code – USSD Code

  • For self-recharge – Dial *322*030*Amount# and send
  • For third party recharge – Dial *322*030*Receivers phone number*Amount# and send.

How To Pay Bills Using Heritage Bank USSD Code

For bills payment, follow this steps:

  • Dial *322*030*Biller ID*Amount# and send
  • A notification message will arrive with the details of your payment.

How To Check Heritage Bank Account Balance


Heritage bank transfer code is that USSD code that you can use to perform all your banking activities without any Needs for an internet connection or data.

Okash Loan | How to Apply | Borrow Up to N50k | No Collateral

Need an Okash loan in Nigeria? Learn how to apply and get up to N100,000 with low interest rate, repay in 3 – 12 months without collateral, directly to your bank account. Okash was first launched in Kenya and it allows them to borrow up to Kes 500,000. Before arriving in Nigeria and now Nigerians can also apply for a loan through the okash personal loan app.

I have written a lot about loan lending platforms in Nigeria where you can get quick loans without collateral. But in today’s article, we are going to concentrate on the issues at hand which is okash loan, how to apply and so on.

Tables of content

  • Okash loan
  • How it works
  • Reasons to trust okash
  • Loan Requirements Form
  • Are my bank/BVN secured?
  • How To Apply For A Loan
  • Interest rate
  • Repayment Channels
  • Contact Details
  • Conclusion

Okash Loan

Okash is an instant personal loan application for Nigeria mobile users, presented by Blue Ridge Microfinance Bank Ltd. You can apply for a loan and get up to N50,000 upon downloading and installing the Okash app from Google play store.

Also ReadRun Out Of Data? Learn How To Check Or Subscribed To MTN Data Plan
The app based loan platform Okash, utilizes artificial intelligence technology to determine the purpose of the loan together with the repayment behaviour of its users.

How Okash Loan Works

  1. Download and install the Okash app from Google play store
  2. Apply for a loan
  3. Receive your loan
  4. Repay your loan at when due

Reasons To Trust Okash Loan App

Here are the top reason you have to trust okash while applying for a loan from them

  1. It is fast, secured, reliable and easy to use
  2. Okash has a dedicated team
  3. Loan disbursement takes place within 5 minutes of applying
  4. 24/7 customer support system
  5. No collateral
  6. No hidden charges
  7. It allows you to borrow up to N500,000 once you repay your loans at its due date.

Okash Loan Requirements Form

  1. You must be a Nigeria resident
  2. You must have a monthly source of income
  3. You must not be less than 20 years or above the age of 55
  4. You must have a bank account where your money will be disbursed
  5. You must provide your BVN to verify that the individual seeking for the loan is the same as the owner of the registered bank account.

Are My BVN/Bank Details Secured When Applying For A Loan On Okash App?

According to okash privacy policy, they promise not to disclose your personal information with any third parties without your approval/consent. So be 100% certain that your information is totally safe with them.

Also ReadTransfer, Pay Bills And Perform Other Banking Activities With UBA Transfer Code

How To Apply For A Loan On Okash In Nigeria

Follow these steps in other to successfully apply for a loan:

  • Download and install the Okash app from Google play store
  • Create an account with the phone number linked to your bank account
  • Based on the loan limit displayed on your screen, select the amount of loan you wish to apply
  • Select your loan repayment schedule and check its interest rate
  • Fill out your basic information, then submit your application
  • After the submission, a notification message or call from Okash will arrive for approval
  • E-sign the loan agreement after the approval
  • After the E-sign, the approved loan amount will be disbursed into your bank account within 5 minutes and a SMS notification will be sent.

Note: Okash will access your mobile device for the permission of (but not limited to) contacts, location, SMS, calendar and camera to determine your loan offer and it’s interest rate. It is a very important part of evaluation process 

A N15 deduction fee might be charged from your bank account when granting you a loan.

Okash Loan Interest Rate

By using the okash loan app, you can access a loan starting from N5,000 to N50,000 with terms from 3 to 12 months, with a monthly interest rate ranging from 0.6% to 20%.

Also ReadHow To Save And Invest Money On Piggyvest In Nigeria

However, as a first time user, you can access a loan ranging from N5,000 to N50,000. However, your loan cap increases as you pay up your loans at when due and build trust with the system. Early repayment guarantees higher amount and lower interest rates.

Okash Loan Repayment Channels

It’s your loan approaching it’s due date? If yes then, you have nothing to worry about. Because Okash has made it as easy as possible for you to repay your loan at its due date through the use of their auto debits system which automatically deducts your money from the bank account you submitted when applying for a loan. Make sure your card has sufficient balance before your loan due date.

However, you can choose to repay your loan by yourself by applying this steps:

  • Login to the okash personal loan app
  • Click on the “Make a Repayment” button
  • Pay or transfer to this account: Blue Ridge Microfinance Bank Ltd. Bank Name: Zenith. Account Number: 1130085518.
  • Fill in your BVN or your registered phone number and your full legal name in the remarks section
  • Send the transfer details to Repayment.proof.ng@o-kash.com
  • Within minutes, your loan repayment will be verified.

Okash Loan Contact Details

For complain, issues or queries please don’t hesitate to reach out to them by dialing this numbers:


Or you can send them a mail through support@o-kash.com for further assistance.

Head Office

Room 301, Japaul House, Plot 8 Dr Nurudeen Olowopopo way, Central Business District, Ikeja, Lagos State, Nigeria.


Okash loan Nigeria is a place to apply and get a loan instantly with no collateral in Nigeria and your loan offer will be disbursed into your bank account within 5 minutes.

Please try to pay your loan on time or at its due date to increase your loan offers and also to avoid facing any penalties as you will be reported to the national credit bureaus (NCB).

Car Dealers in Lagos, Nigeria | The top 10

Need a car? Here are the list of the top 10 best car dealers in Lagos, Nigeria which comes with a brief description, head office, contact details and working hours.

But before then, you can check out the best loan lending platforms in Nigeria that gives out quick loans without collateral in case you don’t have enough funds to buy that dream car of yours.

In this article, am going to talk about this following issues:

  • Car dealers in Lagos Nigeria
  • List of the top 10 best car dealers in Lagos state
  • God’s will car dealer
  • Affordable Cars
  • Koncept Autocentre – Chevrolet and Isuzu center
  • Metropolitan motors
  • Porsche center
  • Elizade Nigeria Ltd
  • Globe Motors
  • Lanre Shittu Motors
  • Levantis Motor Automobile
  • YMG Auto Sales
  • Conclusion

Car Dealers, Who Are They?

Car dealers are a firm that sells new or used cars at a retail level to people who then resell it to customers (individuals) who uses it for personal use or any other purposes.

There are hundreds of car dealers in Lagos state, but who among who are classified as the best among the rest.

Best Car Dealers In Lagos 2020

Here are my list of the 10 best car dealers in Lagos state, Nigeria that sells new cars to individuals together with a brief description, head office, contact details and working hours:

1. God’s Will Car Dealer Limited

God’s Will Car dealer ltd is managed by Samuel Enem. The company is engaged in providing the people of Lagos and it’s surrounding regions the best automobile solution at the most affordable price in the market. The deals with cars such as SUV, MUV, Mini an Long Vans, Hatchback, Wagon, Jeeps, Pickups, Sedan Cars etc.

Also ReadHow To Save/Invest Money With PIN In Nigeria

They has an auto finance and numerous payment methods that allows for a great degree of flexibility and ease fulfillment. If you are contemplating on buying a car and you don’t want to be short changed, all you have to do is to visit God’s will car dealer ltd showroom and search for the car of your choice, go for a test drive, get the details of the car and purchase it. That’s all you have to do so as to be assured that you as a customer, is getting nothing but the best.

Head Office

7, New Balogun Street, Palmgrove Latude Avenue, Somolu Lagos state, Nigeria.

Contact Details


Working Hours

Monday’s to Saturday’s from 9AM – 7PM

2: Affordable Cars Ltd

Affordable car Ltd  has been in existence since 1995 and has great to become one of the, if not the best auto dealer in Lagos, Nigeria. Their line of products include Toyota, Lexus, Land Rover, Honda, Ford, Mercedes Benz, KIA, Nissan, Infiniti, Mitsubishi, etc. All these vehicles are covered with manufacturers warranty.

They also run an automobile workshop known as Autocare 24/7 where vehicles are given best of repairs and after sales maintenance. Autocare 24/7 is equipped with state of the art equipment. They ensure that at the end of every repair/maintenance, each vehicle undergoes a Pre Delivery Inspection (PDI) by their Quality Control Unit (QCU) before delivery.

Head Office

76 Opebi Road, Ikeja, Lagos, Nigeria
Plot 7, Lekki -Epe Expressway, Lekki, Lagos

Contact Details

+234016323252, +2348174600557 or +2348095565850

Working Hours

8am – 6pm Mondays to Fridays and 9am – 5:30pm on Saturdays.

3. Koncept Autocentre – Chevrolet& Isuzu Showroom

Koncept Autocentre is the authorized vehicle assembler & distributor of Chevrolet& Isuzu brands in Nigeria and nearby Abuja, Lagos and Port Harcourt.

They focus on vehicle sales and general car servicing such as all types of passenger cars, SUVs, pick-ups, Vans, Light, Medium and Heavy duty trucks. In addition to this, They also produce locally specia application vehicles like water/fuel tankers, sewage tankers, fire trucks, tippers, garbage carriers, towing vehicles, Hi-ABs, mobile stage, ATM’s and offices.

Also ReadHow To Track Western Union Money Transfer With Your Phone

Chevrolet has more than 100 years of experience in designing fuel efficient and reliable vehicles with brand presence of over 4 decades in Nigeria while as Isuzu has been a leading player in the Nigerian auto industry for many decades and with the new partnership deal with Koncept Autocentre Ltd, They wish to further strengthen Isuzu’s commitment to quality products with outstanding after sales services to all existing and future Isuzu’s customers.

Head Office

8A, Karimu Jotun St, Akin Adesola St, Victoria Island Lagos Nigeria

Contact Details


Working Hours

8:40am – 5:30pm Monday to Friday’s and 9:30am – 1:40pm on Saturdays.

4: Metropolitan Motors Ltd

They were incorporated in the year 2001 by a group of Nigerians with over 50 years combined experience in the automobile industry.

Metropolitan motors was appointed as one of the accredited distributors of Toyota brand of vehicles in Nigeria by the Toyota Nigeria Group of Companies. By this appointment metropolitan motors Ltd does not only maintain the various brands of Toyota vehicles but also execute warranty agreement.

Also ReadHow To Transfer Money With *919# UBA Transfer Code

With over a decade of quality sales, after sales and service experience under its belt. According to its web portal, ” we are renowned for our excellent sales and after sales service offering, our company has demonstrated its competency in the successful execution of major contracts awarded to them both in the public and private sector”.

Head Office

Showroom/Spare Parts/Workshop: 1-3 Akilo Road, off Oba Akran, Ogba Lagos. | Showroom: 1, Joel Ogunnaike street, G. R. A. P. O Box 9336, Ikeja, Lagos, State, Nigeria.

Contact Details

Tel +234-1-2800808 or +234-1-2800812

Working Hours

8am – 6pm Mondays to Fridays and 9am – 2pm on Saturdays

5: Porsche Center Lagos

Porsche AG is the largest and most traditional sport’s car manufacturers and the most profitable automotive in Nigeria.

Head Office

179 Akin Adesola Street/kofo Abayomi Street, 054767 Lagos.

Contact Details

+2348071911911 or +2348074911911

Working Hours

9am – 6pm from Mondays to Fridays

6: Elizade Nigeria Ltd

Elizade Nigeria Ltd was created in 1971 as an automobile marketing company which handles general textile sales including underwear. The business rise to the front with Toyota as the main products. In June 1972 the change its name to Elizade Nigeria Ltd and in 1976, the company secured a federal government license to become direct distributor of Toyota vehicles and spare parts in Nigeria.

Need a loan? Click here to apply without collateral and receive your funds instantly, directly to your bank account

Over the years Elizade Nigeria Ltd have consistently been marketing, selling and servicing Toyota vehicles in Nigeria and in 1996, they signed a partnership deal with R.T Briscoe (also a recognized Toyota dealer in Nigeria) and East Asiatic company – EAC, Japan, to establish Toyota Nigeria Limited in Nigeria and the are the sole importer and distributor of Toyota vehicles in Nigeria.

Head Office

322A, Elizade Plaza, Ikorodu Road, Lagos, Nigeria.

Contact Details

Tel +234-1-5150679 or +2347082424087

Working Hours

8am – 5:30pm from Mondays to Fridays and 10am – 5pm on Saturdays.

7: Globe Motors

Globe Motors is an automobile dealership based in Lagos, Nigeria. Founded in March 1984 by William Anumudu, with a mission to transform the undeserved Nigerian automobile industry. Over three decades later, globe Motors has surpassed it’s initial aspirations and the company continues to set up pace in the evolution of the country’s automobile sector.

They are the largest dealer in the Mercedes-Benz segment and the sole distributor of Higer vehicles in Nigeria. The company deals with exclusively in brand new passenger and commercial vehicles, Mercedes-Benz, Toyota, Hyundai and Higer.

Head Office

635/639/641 Akin Adesola Street, Victoria island

Contact Details

+2348023423438, +2348059073322
+2349091781710, +2347046474611
+2347039468335, +2347043729481

Working Hours

9am – 6pm from Mondays to Saturday’s.

8: Lanre Shittu Motors

Lanre Shittu Motors was established on 31st of March 1981 and was incorporated on 3rd of March 1986. Since then, they has risen to become one of the, if not the best Nigeria’s leading automobile dealers. The are rank as No.1 dealer for Mack trucks in Nigeria and Africa as a whole. The only dealer for Sany Heavy Duty Equipment and Yutong Buses in Nigeria and also an accredited dealer of KIA, NISSAN, Jinbei Buses etc.

Head Office

15 Alhaji Tokan Street, Alaka Estate, Western Avenue, Surulere, Lagos Nigeria

Contact Details

+2348073991900, +2348073991878 or +2348072292908

Working Hours

8am – 5pm from Mondays to Fridays.

9: Levantis Motor Automobile

Levantis Motors, a division of A.G. Levantis Nigeria plc. When incorporated in 1958, Levantis Motors became a name synonymous with quality and assurance of support in automotive, construction equipment and other related products.

Levantis Motors is the leading distributor of trucks and buses in Nigeria, providing you with world leading brands such as Volkswagen, Foton Daimler, Eicher and JCB construction equipment by carrying multiple brand’s.

They are the only automobile company in Nigeria with ISO 9001:2008 certification with a team of over 900+ workforce, and Pan Nigerian presence with a Network of seven functioning branches with sales, after market and parts availability.

Head Office

2 Wharf Road, Apapa, Lagos, Nigeria

Contact Details

+234-1-440134, +2348000555555

Working Hours

8am – 6pm for Monday’s to Saturday’s

10: YMG Auto Sales

YMG Auto Sales deals with all kinds of vehicles both brand new and foreign used in Nigeria. YMG was incorporated over two decades ago as a car dealership company and since then, the has built her name on professionalism, Integrity and trust.

YMG Auto Sales have a variety of services that put them on the cutting edge in the industry such as sales of vehicles, fleet or auto bulk supply, vehicle fix and pimp services, services and maintenance, vehicle importation.

Head Office

280 Ikorodu Road, Anthony 100007, Lagos Nigeria

Contact Details


Working Hour

8am – 6:30pm from Mondays to Fridays and 8am – 5:30pm on Saturdays.


Now that i have mentioned the 10 best car dealers in Lagos, what are you waiting for, rush now and buy that dream car of yours from any of these car dealers in Nigeria.

Wini.ng Review For Newbies | Legit Or Scam? A Must Read

Is wini.ng, an online community program that pays it’s registered users for reading news and performing some simple task online, Legit Or Scam?

There are many ways to make money online online in Nigeria such as:

But in this article, Wini.ng review for Newbies, am going to talk about this following issues:
  • Explain what wini.ng is all about
  • Wini Affiliate Program
  • How To make money on Wini
  • Is Wini.ng Legit Or Scam
  • How To Sign Up
  • How To get paid
  • Special announcement from Wini
  • Wini’s rules and regulations
  • Conclusion

Wini.ng, who are they?

Wiki.ng is a social network Ltd community registered under CAC as Wini/NDS Social Network Ltd with RC number 1608648. It is doesn’t require any selling of products but rather it pays it’s registered users daily for performing simply task online such as reading news, daily login, commenting on post, sharing of sponsorship post on Facebook and Instagram, reacting to post, inviting a friend via your link, posting relevant articles like news updates, gossip, sports to maximize your earnings all can be done with the use of your mobile device with an internet connection.

Similar to the Newsnaira income program, Wini was created to eradicate poverty and hunger in the society by giving their registered members activities to carry out at all times and pays them for doing that. they also pay it’s users a commission for inviting a friend through their Affiliate Program

Wini.ng Affiliate Program

Wini affiliate program allows it’s registered members to gain a 75% commission rates immediately you refer a friend to Wini.ng through your affiliate link that will be given to you upon registration. that is you earn N2,250 upon each friend you refer to this social network community platform who then upgraded to Pro plan.

How To Make Money Online in Nigeria Reading News On Wini.ng

Immediately you completed creating an account, please is advisable to upgrade to the Pro plan in other to enjoy its full benefits. And once done, start adding/following other users so that you can start seeing more activities to engage in on your news feed.

To start generating income, upload your profile picture so that people can see you or if you request for payment you won’t get paid if you don’t follow common terms. Please note that 100 points = N1. So here is the breakdown of how you can start making money daily through Wini.ng

Daily Login

Login in daily at wini.ng is 5,000 points and 30 days make 1 month. so your monthly earning by login in daily should be 5,000 points × 30 days = 150,000 points.

Reading News

You earn 200 points when you open article post on the blog. There are more than 300 blog article being displayed daily on wini.ng so let’s assume that you are reading 200 blog article daily, so your monthly earning will be: 200 blog article × 30 days = 6,000 so that means 200 points × 6,000 monthly blog article = 1,200,000 points.

Need a short term loan in Nigeria, check out this Online loan Apps.

Commenting On Post

You earn 80 points for each post you commented on. So let’s assume that you usually comments on 200 post daily, so 200 daily commenting × 30 days = 6,000 comments, so your monthly earning is 80 point × 6,000 = 480,000 points.

Posting Relevant Article

You earn 1,000 to 2,000 points for each relevant article posted by you. So let’s assume that you posted 1 daily blog article, so 1 post × 30 days = 30 post, so your monthly earning is 2000 × 30 blog post = 60,000 points.

Note: follow the terms for writing articles or you won’t get paid.

Reacting to Post

Start reacting to post from other users for each post you react to you earn 50 point. So let’s assume that you normally react to 100 news daily, so in 30 days, you react to 3,000 news. That is 100 × 30 days = 3,000 news reacting. So your monthly earning is 3,000 news reacting × 50 point = 150,000 point.

Sponsored Post

You earn 10,000 points for each Sponsorship post you posted on your Facebook or Instagram account. So your monthly earning is 10,000 points × 30 days = 300,000 points.

Note: For you to be paid of your points monthly you will have to share sponsored post daily as is available on a daily or periodically. Each sponsored post have a direction on how to share it including video guide. Click here to see posts to share and earn.

Affiliate Program

You earn N2,250 for each friend you refer through your referral link. So let’s assume that the minimum friend you refer in a month is 10, so your monthly earning is N2,250 × 10 = N22,500.

So let’s summarize what you stand to gain in a month based on the practical we analyze.

Your monthly full earnings on wini.ng is 150,000 points +1,200,000 points + 480,000 points + 60,000 points + 150,000 points + 300,000 = 1,740,000 monthly points. Since 100 points is equivalent to N1, so 2,340,000 points is equivalent to N23,400 + N22,500 affiliate earnings = N45,900.

Also Read: How To Register With Recharge And Get Paid Ltd

Is Wini.ng Income Program Legit Or Scam?

As of the time of writing this article, wini.ng is a legitimate online business one can do, no matter your qualifications and what is required is only your mobile phone or laptop with an internet connectivity.

You can visit their website and take a look at each one of its members testimonials and date in other to verify. However, you can join me on Newsnaira and earn extra cash on the line.

Also ReadHow To Subscribe or Check Your 9mobile data plan

I don’t have an account with Wini.ng and am not directly recommending it to you, but since it’s a nice way to earn money online I thought it’s a good thing to share it to my website visitors.

How To Sign Up/Create An Account On Wini.ng Income Program

To create an account and start generating income, click here to easily take you to Wini.ng website registration page. Where you will be ask to fill a form such as your name, email address, password etc.

How To Get Paid On Wini

According to Wini web portal it says ” we pay points months end and people will start to receive their alert, but you will need to request before 14th of that month or it will consider next month withdrawal if after 14th. Example: if you want to be paid ending of a particular month of November, you will need to cash out maybe 13th or 14th then your name will be among people that will be paid on that same month ending but, if you withdraw on 15th of that month of November for instance, then your withdrawal will be considered on the list of December which will be the next month”.

Note: Wini will pay you even if you don’t refer anybody. The minimum amount you can withdraw is N5,000 and their is no maximum.

Special Warning From Wini Web Portal In Nigeria

  • If you received payment from Wini.ng the previous month and refused to upload the screenshot of the alert on your timeline then bear in mind that your next withdrawal request will be declined.
  • When posting your earnings alert, please use their official hashtag like #winipay so that it will get in one single hashtag.

Wini.ng Rules And Regulations

  1. If 5 of your posts goes against our community standard then, we shall proceed by deleting all your posts of which the points you earned on them will get removed automatically plus penalty of 20,000 points will be charged.
  2. Commenting on each post two times is prohibited
  3. Do not repeat same post in other to earn more points
  4. Do not post short comment in other to earn points example; wow, nice, OK, good
  5. Do not copy and paste other users comment
  6. Do not share link from other websites or it will be deleted or do not post any other than article news
  7. To avoid copyright infringement, do not upload pictures or contents you don’t have right to or else try to give credit to the author or source of the contents.

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Wini.ng, community Program is not a MLM platform, nor a Ponzi scheme, HYIP Or pyramid scheme, but a legitimate online business one can do to earn money online by reading news and performing some simple tasks online no matter your qualifications.

UBA Loan | Tips on How to Apply | Up to N30million | No Collateral

Need a UBA loan? Learn how to apply and get up to N30million, with a repayment period of 3 – 60 months with low interest rate, instantly directed to your bank account.

The United Bank For Africa (UBA) whose slogan is the leading pan African bank is founded in 1949 and headquarterd in Lagos, Nigeria. It is one of Africa’s best and most resilient banking group with operation in 20 African countries and offices in 3 global financial centers, namely: Paris, London and New York. UBA bank specializes in internet/mobile banking, corporate banking, investment banking, wholesale banking, consumer banking, loans and asset management services.

Learn how to transfer money, pay bills, purchase airtime credit/data, check your account balance and many more on UBA Transfer/USSD Code *919#.

Whatever your needs are, be it a personal loan to finance your business, education, fix your car, pay medical bills, building a house and so on. The leading pan African Bank – UBA is there for you, anytime, anywhere.

In this article am going to talk about this following issues:

  • UBA Loan
  • Who can apply
  • Features
  • Requirements Form
  • How To Apply
  • Interest rate
  • Repayment Schedule
  • UBA customer center
  • Conclusion

UBA Loan

UBA loan also known as UBA No Wahala Loan is a personal loan being given to individuals whose account are domicile with the bank.

Incase you don’t have an account with UBA or you don’t like their loans terms and conditions, you can check out this Money lending platforms in Nigeria that also offers loan without collateral.

Who Can Apply For UBA Loan

  1. Anyone with an active salary account with UBA
  2. Loan applicants must not be less than 18 years at loan application date and should not be older than 55 years at loan maturity date
  3. Anyone with no history of dud cheques
  4. Anyone whose net monthly salary should not be less than N12,000.

Features Of UBA Loan

  1. It is fast, secured, simple and convenient
  2. It offers a competitive interest rate
  3. No collateral needed
  4. No deposit and invoices are required.

UBA Loan Requirements Form

Please remember that when Applying for a personal loan on UBA bank, you don’t need to deposit any collateral, but this following documents are needed from you:
  • A duly completed loan application form
  • A letter of introduction and awareness from your current employer
  • A copy of your bank statement of account indicating salary inflows in the past 6 months
  • A copy of your pay slip
  • Positive credit search reports.

How To Apply For A UBA Loan In Nigeria

Before applying for a loan on UBA bank, please note that the minimum loan amount for an employee of a private firm/sector is N100,000 and N30,000,000 maximum. And if you are an employee of a civil organization/service, the minimum loan amount you can apply is N50,000 and N20,000,000 maximum.

As a loan applicant, you are required to pay for a credit insurance cover in the case where you have insufficient/no terminal benefits.

The insurance benefits covers the application in the event of any of the following: Deaths, Loss of Job and Permanent disability.

To apply for a loan on UBA bank, follow this tips:

  • Visit any UBA bank branch near you and pick up a loan application form or you can download it here.
  • Fill out the form
  • Submit your loan application form to the consumer service officer in any UBA branch near you to process your loan
  • You can also apply for a loan through any of the banks channels; chatting with LEO, Internet Banking or Mobile banking.
Note: an employee of a private sector can enjoy loans for a tenor up to 60 months. While an employee of a civil organization/service can get a loans for a tenor of up to 48 months.

UBA Loan Interest Rate

Your UBA loan interest rate will be shown to you when filling up your loan application form on any UBA bank branch near you.

UBA Loan Repayment Schedule

When you apply for a personal loan on UBA bank, and you are an employee of a private sector, you can enjoy loans for a tenor up to 60 months. If you are an employee of a civil organization/service you can enjoy your loans for a tenor of up to 48 months.

Also CheckoutBest Loan App In Nigeria

If your loan is approaching it’s due date, early repayment is also available for individuals who wish to repay prior to the repayment date. And if you choose to repay your loan only on its due date, it is also highly recommended.

UBA Personal Loan Customer Service

For more information on the UBA Personal loan products such as your loan interest rate, repayment channels or any other queries, please send them a mail at consumerfinance@ubagroup.com or you can click here to have a chat with LEO.


Applying for a UBA loan is easy as long as you stick to my tips. So once you have all the required documents, what are you wanting for, rush now to any UBA bank branch near you and fill out your personal loan application form.

Piggyvest Review | how to save, invest & earn on Piggyvest Nigeria

Piggyvest is an online platform that allows you to earn 10% – 13% interest on savings and up to 50% returns on investments through the piggyvest app or via its web portal in Nigeria and West Africa.

Once upon a time, I woke up one early morning i was meditating and contemplating on how to start saving little money for future use, so a friend of mine recommended a microfinance bank as a way of saving money, i tried with them but guess what, I was disappointed in the end and my hard earned money was lost. 

So I decided to try saving with banks. My money was save, but i couldn’t save as much as i wanted with them, because any little issues I had, I rushed straight to the bank/ATM machine to withdraw some money.

One day, I decided that the best way to save money is to destroy my ATM debit card so that I can’t withdraw again. But still yet, the introduction of mobile/internet transfers didn’t help but make things worse, any little issues that arise, I will initiate a transaction via my mobile phone and at the end of the year, I couldn’t save as much as I wanted. 

So I was frustrated and confused until one day when i was surfing the web, I found out that their is this online platform called piggyvest – formerly piggybank, that allows you to to save and Invest money periodically (daily, weekly or monthly) towards a specific savings target or lock away money for a specific period of time and also earn up to 10% interest without any charges and other bonuses. And since then, I was able to save money at last without touching it.

So in this article, am going to:

  • Explain what piggyvest is all about
  • How Safe piggyvest is
  • How It works
  • Reasons to trust Piggyvest
  • How To start saving
  • How save are your bank/debit card details
  • How To invest
  • Interest rate
  • How To Withdraw
  • Contact form
  • Conclusion

Piggyvest Nigeria

Piggyvest – formerly known as piggybank.ng is the first online savings & investment app in West Africa and also the largest savings and investment platform/app in Nigeria.

With the piggyvest app/platform you can choose to save little amount of money(N50 – N25,000 daily, N1,000 – N100,000 weekly or N3,000 – N500,000 monthly) periodically towards a specific target/date or lock away funds for a specified period of time.

Also ReadHow To Become An Opay Mobile Agent In Nigeria

Piggyvest take away your stress by combining simplicity, descipline, convenience and flexibility to enable you to manage your finances better and achieve financial freedom.

Piggybank Nigeria is now Piggyvest

Piggybank Nigeria is a registered product under piggyTech global limited with RC Number 1405222. created on 7th January 2016 as a savings platform that allows its users to save money through its app or via its web portal. Then in April of 2019 piggybank.ng rebranded to piggyVest and then began to offer direct investment opportunities to its users in addition to savings. They have continued to deliver excellent service to more than 350,000 of its registered users by helping them manage their finances in a very simple and convenient way.

Piggybank(Piggyvest) users can save and Invest billions of naira every month that they would probably be tempted to spend badly.

How Secured is Piggyvest?

All information you shared with piggyvest is encrypted and stored to PCI DSS level 1 compliant standards. PCI DSS level 1 compliance is a set of rules stated by credit card companies and audited by an independent third party.

Click here to learn how to get a loan without collateral

It is the highest possible rating one can get in the electronic payment processing industry. Additionally, all transmission to their banking partner and on their web portal is via an encrypted 256-bir HTTPS SSL connection.

Piggyvest: How it Works

  • Target/Group SavingsIt is suitable for short term savings because it allows you to save consistently towards a particular financial goal such as rent, vacation, weeding, buying a new car and even towards starting your a business with target savings and earn interest while at it. You can invite your friends and make it a fun challenge.

  • SafeLuck – It allows you to decide when you want to withdraw your money and you will be locked out of your money till your desired date which you fixed and you earn up to 15% interest per annum, usually paid up front while on SafeLuck. That is, SafeLuck is a fixed savings options.
  • Auto Save – this feature permit you to set auto debits from your debit card to your piggyvest savings automatically until you reach your target. You can set it to daily, weekly or monthly and you can also set the amount and the exact time you want the funds to leave your bank account to piggyVest wallet
  • Piggybank Wallet/Savings – piggybank Wallet are for those who constantly likes to put away money for their savings and Withdraw only once a quarter. You can set it so that money is taken from your bank account so that you don’t have to worry again about saving manually.
  • Quick Save – this option basically allows you to add more funds to your piggybank savings. Eg. If you set N5,000 daily and you miss a day or two, you can use the quick save option to deposit N10,000 or N15,000 at once. This is to ensure you meet up with your savings target.

Note: you don’t have to login to your piggyvest account every time you want to save, because everything is done automatically immediately you set up your Auto Save, except you want to top-up your savings using the quick save option.

Why Choose Piggyvest in Nigeria?

  1. Piggyvest is a registered cooperative platform under piggyTech cooperative multipurpose society limited with a registration number 16555
  2.  As piggybank.ng, they operated in partnership with 2 microfinance banks in Nigeria and used their licenses
  3. In early 2018, piggyvest purchase Gold microfinance bank limited license by the central bank of Nigeria (CBN)
  4. All saved funds (money)  are warehoused with and managed by AIICO capital, the leading asset management company in Nigeria, registered and licensed by the securities and exchange commission (SEC).

How To Save Money On piggyVest Platfor

To start saving on the piggyvest platform, follow this tips:

  • Visit the piggyvest web portal Here 
  • Sign in if you already has an account or click on the “create an account” to sign up
  • Enter your personal details such as your name, password, bank details and so on
  • You can choose to only save between N50 – N25,000 daily, N1,000 – N100,000 weekly or N3,000 – N500,000 monthly
  • To activate your piggyvest account, enter your debit card details and make your first deposit (visa card, master card or verve card from any bank in Nigeria are accepted)
  • Now, make use of any of the savings plan listed above and choose either daily, weekly or monthly plan.

How Safe Are My Bank Details Secured While Using Piggyvest.com

Piggyvest(piggybank) ensures that your security is their major priority, so they uses the highest levels of internet security and it is secured by 256 bits SSL security encryption technology to protect your all they informations you shared with them. They also work with a PCI DSS compliant payment processor, Paystack to handle your debit card details.

How To Invest Money On piggyVest Nigeria

There are other investments companies in Nigeria that pays you on a weekly or monthly basis you can check them out here Incase you ain’t satisfied with the piggyvest.com investment methods.

Their is this feature on piggyvest platform called investify that allows you to earn more up to 25% on your savings by investing in pre-vetted, low-medium risk, primary and secondary opportunities. With this platform, your interest are paid on daily, monthly, quarterly or at the end of your investment period directly into your piggyflex account.

To invest money on the piggyvest app/website, follow this tutorial:

  • Visit the piggyvest web portal Here
  • Sign in if you already has an account or click on the “create an account” to sign up
  • Enter your personal details such as your name, password, bank details and so on
  • Navigate to investify  or click on “invest for the future” option
  • Review all the investment opportunities that is being displayed for you and their interest rate
  • Select any one that suits your taste
  • Follow the rules and start investing on Piggyvest.

Piggyvest Interest Rate

  1. You earn 10% per annum on any investment rendered by you on piggybank
  2. You earn up to 15.5% per annum on any investment rendered by you on SafeLuck
  3. You earn 10% per annum on Flex
  4. 10% per annum on Target
  5. Up to 25% on Investify
  6. 7% per son Flex Dollar.

Piggyvest Reviews 2020

Piggyvest formerly piggybank is a legitimate savings and investment platforms in Nigeria that allows you to earn up to 15% interest on savings and over 25% return on investment.

How To Withdraw Your Earnings On Piggyvest Nigeria

  • Login to your piggyvest account and click on “withdrawal”
  • Fill in your bank details
  • Click on the”Withdraw” tab on your dashboard
  • Enter amount of money you want to withdraw
  • Receive your funds within 3 working days directly to the bank account you provided

Note: the minimum amount of funds(money) you can withdraw from your piggyvest account is N3,000 and there is no maximum.

Piggyvest Contact Form

For more queries or issues, please contact Piggyvest investment Ltd on 0700933933933 from Monday to Fridays. working hours from 9am to 5pm or you can send them a mail at contact@piggyvest.com

Head office at Testmot House, 3 Abdulrahman Okene Close, Off Ligali Ayorinde Victoria Island, Lagos Nigeria.


Piggyvest is now called piggyvest, it is a savings and investment platform in Nigeria that allows you to save money and also earn interest while doing so. It also allows you to invest through the investify option. 

Best Loan Apps In Nigeria – Get Quick Loan While Installing Apps

Need a loan? Here are a list of the best loan apps in Nigeria where you can get quick loans without collateral immediately you downloaded and installed these loan apps from Google play store.

Seeking for a loan through bank is hard and stressful, and even if they do, they are going to request you to fill out a loan application form and even request for a collateral (land, property, house etc) before granting you a loan.

But thanks to this fintech company, getting an online loan becomes easier as it can be done right from the comfort of your home, office or work with the use of your internet connected device without visiting any bank.

But there are some online loan lending platforms in Nigeria that allows you to apply for a loan, not through its web portal, but through it’s app.

In this article, am going to discuss about this following loan apps in Nigeria:

  • Moneypal by Zedvance
  • Carbon (Paylater)
  • Quickcheck
  • PalmCredit
  • Aella Credit
  • Sokoloan
  • Branch
  • Page financials
  • Fairmoney

Best Loan Apps In Nigeria 2020

Here are the list of the best loan apps to get quick loans in Nigeria

Moneypal by Zedvance

Zedvance limited is a consumer finance company founded in Nigeria in the year 2014. They provides cash loans to individuals and groups without collateral in the most efficient and convenient manner and also provide travel loans to people who wish to travel abroad for education or business purposes.

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Zedvance offers a loan of up to N5million with low interest rate to its users, with its repayment period ranging from 3 to 18 months period upon downloading and installing it’s loan app. To know more about the zedvance loan app click here.


Paylater, now known as carbon, is an online loan lending platform in Nigeria where you get a quick loan up to N1 million with no collateral within 5 minutes if being accepted directly to your bank account.

Paylater is a service provided by one finance and investments Ltd with RC no. 1044655. A finance company licensed and regulated by the central bank of Nigeria.

You can request for a loan upon downloading and installing the carbon(paylater) loan app from Google play. Click here to know more about carbon(paylater) loan.


Quickcheck is a Nigerian fintech company that gives out loan of up to N500,000 to Individuals without collateral instantly if being accepted, directly to your bank account.

Quickcheck are fully devoted to ensuring their users are supported in micro lending. So, Never go broke again. No long queues, no wasting of time.

You can request for a loan upon downloading and installing the quickcheck loan app from Google play store. Click here to know more about Quickcheck loan.


PalmCredit is a newly developed Android application (APK) and one of the, if not the best short term loan app in Nigeria that provides fast loan without collateral to individuals upon downloading and installing it’s loan app from Google play store.

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PalmCredit is owned by Transsnet Financial Ltd and operates in Nigeria with a better plan to expand to other countries in Africa. Although they are relatively new, they have made a name for themselves and grown larger user base due to the flexibility of their app and loan structure. You can apply for your credit limit in minutes, then take as many instant loans as you wish without further approval steps. It’s a credit revolution! As soon as you repay a loan with PalmCredit, your credit score will be updated thereby allowing you to borrow up to N100,000 next time you choose to borrow. 

PalmCredit app is one of the best loan app in Nigeria. Click here to know more about the PalmCredit loan.

Aella Credit

Aella credit is a fintech company, unlike PalmCredit, that offers a short term loan of up to N90,000 within 5 minutes to its users directly to their bank account. You can access for a loan upon downloading and installing it’s loan app from Google play store. Click here to know more about this loan platform.


Soko lending company limited also known as sokoloan, is a microfinance institution that provides short term loans in Nigeria through its app. It provides financial services to low income entrepreneurs, grassroots employees of SMEs, women with entrepreneurial needs, students who continue to learn, shoppers with consumer needs, customers with fixed assets mortgage, traders and small scale farmers. You can apply for a sokoloan loan in Nigeria anytime with their quick application process that lets you know your application status within 5 minutes all through the app.

Sokoloan App allows you to borrow money up to N30,000 with an interest rate ranging from 4.5% to 34% to pay back in 2 to 6 months.


Branch is a money lending platform that makes it easy for people in Nigeria, Kenya, Mexico and India to access a loan, anytime, anywhere, through its app without any form of collateral or filling out paperwork. The process of applying for a loan with branch can be done within 5 to 10 minutes and your loan offer will be sent to you directly to the bank account you submitted when applying for the branch loan.

Upon downloading and installing the Branch Loan App You can get up to N200,000, Ksh 70,000, 20,000 pesos or 50,000 rupees. directly to your bank account (Nigeria, Mexico, India) or through MPesa (Kenya). within 24 hours if being accepted and repay at your convenience within 2 to 15 months time.

Page financial

Page international financial services Ltd is simply known by many as page financials, it is among the leading technologically innovative retail finance institution license by the central bank of Nigeria. Which offers outstanding products and services to suit the financial requirements of their diverse clientele. That’s according to its web portal. Founded in 2014, and up till now, they have delivered retail financial services in an unprecedented manner to its users.

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They offer loans of up to N5million to its users through its web portal or through its app. According to page financials web portal, it says “there is no fixed interest rate on a loan. The interest rate is dependent on different factors such as the loan amount, tenor, current salary etc”.

Page financials loan primary repayment channels is through REMITA for ease of repayment and reconciliation. While their secondary repayment channels is through direct debit mandate (DDM), online repayment or through cheques.

To know more about page financials loan in Nigeria click here.


Fairmoney is a licensed online lending platform In Nigeria and France, that provides fast, secured, reliable and free Android banking app, that make getting loans and paying bills fast and easy and also pays you a commission for each friends you refer. With Fairmoney app, you get a short term loan of up to N150,000 instantly with low interest rate directly to your bank account.


These best loan apps in Nigeria can give you quick loans without collateral and your money will be sent to the bank account you provided during registration. But please make sure to use the phone number linked to your account when registering for any of these loans apps in Nigeria.

Please, when given a loan, try to repay at when due to increase your chance of getting higher amounts and also to avoid any penalties.