Business Venture
Nigerian government distributes N20,000 each to 8,000 women in Lagos
Mrs Rhoda Iliya, the Deputy Director of Information, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this in a statement on Friday in Abuja. Iliya explained that Hajiya Sadiya Umar-Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, at the ceremony on Friday in Lagos reiterated the Federal Government’s commitment to alleviate poverty in the country. Farouq, who was represented by the Permanent Secretary in the Ministry, Alhaji Bashir Alkali, said that Federal Government’s target in Lagos was over 8000 beneficiaries across all the local government councils of the state. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make...
Killer Mike Co-Founds Black-Owned Digital Bank Greenwood
Killer Mike is one of the founding members of the new Black-owned digital bank Greenwood. As CNN reports, the venture officially launches in January of 2021 but has already received “tens of thousands” of account requests. Greenwood is the brainchild of chairman Ryan Glover, the creator of Bounce TV. He co-founded the bank along with Killer Mike and Andrew Young, a Civil Rights icon who has served as a Georgia congressman, mayor of Atlanta, and U.S. Ambassador to the United Nations. The trio first announced the business in June, when they successfully raised $3 million of seed money. The platform was then officially unveiled on Thursday, October 8th, and has already been flooded with account applications. “I will say we’re in the tens of thousands,” Glover said. “That number is increasing ...
