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6 Helpful Tips for Making Money As A Student

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There is a lot students can do to earn an income while actively working to garner their degree qualifications. Jumia Travel, the leading online travel agency, shares 6 helpful tips for making money as a student.

Do Freelance Writing For Blogs or Businesses
If you’re good at writing, you can consider doing freelance writing for blogs as one way of earning an income as a student.

Aside blogs, many businesses are looking for freelance writers to help them meet their writing and content creation needs, so you can take advantage of this and apply for freelance jobs with these businesses.

Consider Doing Online Design Work
For students who consider themselves artists, have a knack for graphic design and are really good with Coreldraw, Photoshop or other graphic design software, doing online design work, like making small graphics for advertisements and full site redesigns for websites and businesses, can be a great way to earn an income.

Students can also consider entering design competitions that offer monetary awards for winners, and stand a chance to get paid a good amount of money if they win.

Consider Becoming a Voice-Over Artist
Doing voice-over work for production companies and advertising agencies is another great way to earn an income as a student.

If you have a great voice and some broadcasting talent, you can apply for voice-over opportunities and get paid doing voice-over work for people and businesses.

Do Printing Jobs
Considering the fact that students, especially university students, do a lot of printing work, you can set up a mini-printing business with an easily affordable deskjet printer whose inks can be easily refilled, and start printing for students at your own rates.

You can set up this business close to any student’s hostel or even from your room, and be on your way to making some side income as a student.

Real Estate/House Agent
As a student, if you are conversant with your locality, you can use your free time to search for accommodation for freshers and fellow students in your school environment, charging them a commissions/agents fee for your service.

Sell Your Skills
Whatever skill you have, offer it as a service to people at a cost. If you are good at cooking, considering providing catering services to those in need of it at a reasonable cost.

If you are good at sewing, considering making clothes for people at a cost.

If you’re good at phone or computer repairs and maintenance, also consider providing this service to people at a cost.

You only need to ensure that you market your skills well, and put yourself out there so people can see what you have to offer. You can also sell your services on online sites like Fiverr, Jumia Food etc.


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E-Financial

Lagos State Appoints MoneyMaster as Payment Partner for “Ounje Eko” Programme

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“Ounje Eko”, the food price discount initiative of the Lagos State Government, has appointed leading payment service bank, MoneyMaster Payment Service Bank Limited (MMPSB), as its collaborator in the bid to ensure ease of payments at the market.

MoneyMaster is one of the Central Bank of Nigeria-licensed Payment Service Banks (PSBs) to promote financial inclusion across Nigeria.

Under the partnership, MMPSB will apply its cutting-edge payment solution to engender easy payment and reconciliation in order to make   the experiences of Lagosians who will be getting their food supplies from the markets pleasurable. Its payment solution is also all-encompassing and ensures real time value to payment destinations.

The mobile bank was appointed as the collection and payment partner for “Ounje Eko” Food Markets programme which is a government initiative serving the five divisions of Lagos State. Consequent on this, MoneyMaster Payment Service Bank will collect payments in 57 LCDAs in the state.

The partnership gives credence to the quality of payment solutions that MoneyMaster is reputed for in its services to its growing business clientele in private and public sectors.

 


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CBN, EFCC Probe Banks, Firms over Alleged Forex Racketeering

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Central Bank of Nigeria (CBN), is investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion.

CBN, EFCC Probe Banks, Firms over Alleged Forex Racketeering

The  inquiry follows an extensive audit by Deloitte, which scrutinized $7 billion in dollar debts accumulated under the bank’s previous leadership.

In the aftermath of the 294th Monetary Policy Committee meeting in Abuja, Yemi Cardoso, governor of CBN,  disclosed to journalists that the investigation, supported by the Economic and Financial Crimes Commission, among other security bodies, aims to clarify the legitimacy of these FX allocations identified as problematic by the audit.

“It was determined that a number of these transactions did not qualify…they were outright illegal. The law enforcement agencies are now looking into those transactions that as far as we are concerned, are not valid to be paid,” Cardoso detailed, emphasizing the unlawful nature of these forex deals.

The crux of the investigation lies in the audit findings that a significant portion of the scrutinized transactions lacked proper documentation and, in many instances, were deemed outright illegal.

However, the unfolding investigation has raised concerns within the organized private sector, with some entities contemplating legal action against commercial banks for unresolved forex bids.

Despite these tensions, Governor Cardoso reassures that the foreign exchange market remains open and transparent, inviting stakeholders to address their forex needs through the official channels.

Furthermore, Cardoso clarified the distribution of fertilizers to farmers as a one-off measure and not indicative of a shift back to direct interventions by the CBN, underscoring a commitment to strategic, regulatory governance rather than direct market involvement.

 

 

 

 

 

 

 

 


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CBN Urges Banks to Expedite Action on Recapitalisation

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Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite action to increase their capital base from the current ₦25bn.

CBN Urges Banks to Expedite Action on Recapitalisation

Olayemi Cardoso, governor of CBN

Olayemi Cardoso, governor of CBN, stated this during the apex bank’s 294th meeting of the Monetary Policy Committee (MPC) on Tuesday in Abuja, when the MPC hiked the interest rate by 22.75% to 24.75%.

The apex bank chief said the MPC examined developments in the banking sector and expressed satisfaction that the industry remained stable. The committee, however, said to guard against risk, commercial banks in the country should accelerate their recapitalisation efforts.

Cardoso said, “The MPC also reviewed developments in the banking system and noted that the industry remains safe, sound, and stable. The committee thus called on the bank to sustain its surveillance and ensure compliance of banks with existing regulatory and macro-potential guidelines.

“The MPC also enjoined the banks to expedite actions on the recapitalisation of banks to strengthen the system against potential risks in an increasingly globalised world.”

 

 

 

 


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