SME Arena

 Have you ever called someone only to learn from them that your caller ID is private or hidden?  Most people are not comfortable with private numbers and will automatically decline calls if they cannot see the caller ID. $ads={1} If you are wondering why your number is on private. It maybe because you or someone else had activated private number for all outgoing calls and had forgot to remove or deactivate it. In this guide, I am going to explain how you can activate and also turn off a private number using your phone menu or a USSD code . For Android devices like Samsung and for mobile network providers like MTN , Glo, 9mobile, Vodafone, Airtel etc. And how you can find out who is calling from a private number. Why Use A Private Number There are situations where it is appropriate to use a private number. You may be calling someone you are not sure whether to trust or not. And would not want to have your phone number fall into the wrong hands.  In such a situation, you ca...

 Have you forgotten your BVN? If yes, then this post will guide you on how you can retrieve your BVN with your mobile phone especially if you use Airtel. But first, a little bit about the BVN The BVN was born in reaction to the various financial related crime in the Nigerian banking system. It was a way for the authorities to curb fraudulent activities. The Nigerian Government through the Central Bank of Nigeria introduced the BVN number for every bank account owner in the Country. This is in line with the CBN act of 1958 to reduce crime in the banking system. See Also:  Cheap Data Plan on Airtel What is a BVN The BVN stands for Bank verification number and is an 11 digit unique number assigned to every bank account owner by the Central Bank of Nigeria. It is used to identify the owner of any bank account in Nigeria Each person can only be assigned one BVN number. Those who have multiple accounts with different banks will have their BVN linked to them. How To check your BVN On...

Polaris Bank has launched its e-banking mobile app called VULTe. VULTe is a digital bank by Polaris bank that is designed to perform all of the transactions you would normally find in a traditional bank right from your smartphone or other smart devices. They are basically taking online banking to a whole new level. Now this is huge, because it means that all banking services can now be delivered over the internet. I am talking opening an accounts, requesting for an ATM card, getting a loan, requesting for a cheque, funding your accounts, generating a banks statement etc. How To Use VULTe (Polaris mobile banking app) To use VULTe, you first need to open an account on the app. Since VULTe is a digital bank. You do not need to visit a physical bank branch to open an account. All you have to do is to simply download and launch the VULTe app. After you have launch the app, you can then follow the prompt to sign up with VULTe if you don’t have an account already. VULTe is available for both ...

 Quick Loans are becoming more popular in Nigeria. In the past, you’d have to do lots of paper works and also have collateral before any bank would even consider giving you a loan. But all that is gradually changing with the introduction of quick and instant loan services. Most of the instant loan services do not even require that you physically go to the bank or have collateral. With just a click of a button, you can borrow money from your bank or other third party loan services and the money will be deposited into your bank account. In this post, I will share the USSD code to get a  loan from the different loan services and banks in Nigeria. Codes To Get Instant Loan In Nigeria Below is a list of lenders that support instant loan services without collateral in Nigeria. And the USSD code for getting these loans. KwikCash Loan Code This loan services corporate with other banks and telecommunications networks to provide instant and automated loan to Nigerians. To get a loan fro...

 Do you need a loan for your business? Do you know that NIRSAL Microfinance Bank provide financial facilities for businesses domicile in Nigeria? This means all SMEs operating legally are eligible to access credits in the form of loan from NIRSAL Microfinance Bank (NMFB). Nirsal MFB in cooperation with the Central bank of Nigeria developed an initiative to assist small and medium-scale sectors, including families who might require financial assistance. So what exactly is Nirsal. What is NIRSAL NIRSAL is an acronym for Nigeria Incentive Based Risk Sharing System for Agricultural Lending. And should not be mistaken with Nirsal Microfinancee Bank (NMFB). It is a government agency that seeks to facilitate the free flow of affordable finance and investments to the agricultural sector. And is wholly owned by the Central Bank of Nigeria (CBN). While Nirsal Mirofinance Bank (NMFB) is a subsidiary of the Nigerian Incentive Based risk sharing system (Nirsal) and is licensed by the CBN t...

 If you are short on cash or needed money for an emergency, chances are, you will approach family and friends for a loan. And you might get what you are looking for if you are lucky. But from experience, many already know that borrowing from friends and family has its own repercussion. An alternative will be to visit the bank. Apart from wasting your time and the high-interest rate you get from a traditional Nigerian bank, you also need to have collateral, guarantor, etc. The list is endless.   But there are now online platforms to get an instant loan with just a click of a button. Without the need for any collateral. I have listed  10 of the best loan app in Nigeria. 1. Branch This online lender offers payroll loans, installment loans, and payment loans. Borrowers can access up to N200,000 maximum and a minimum of N1,000. Loan term ranges from 4 – 40 weeks. A number of factors are used in calculating interest rates including repayment history, the amount borrowed, a...