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Nairaland Forum / Nairaland / General / Business / Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers (572 Views)
Providus Bank Deactivates PiggyVest & Monnify Virtual Account Numbers / US Govt Places Five Billion Dollars Fine On Facebook Over Privacy Violations / How Legit Is Piggyvest (2) (3) (4)
Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by HigherEd: 1:17pm On Feb 07, 2021 |
According to piggyvest the money was used for the following. Stock up for the lockdowns Pay rent /setup their spaces Start new businesses Pay off loans Take care of health issues Pay fees and much more. With Nigeria tilting towards implementing technology in various areas of its economy, one would understand that various industries and companies would no longer need to depend solely on physical structures or their physical presence to carry out their business. https://ng.opera.news/ng/en/economy-finance/ab689c8343e2b6f7263673b16fb56923 Lalasticlala Codetemplar
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Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by Great100000: 1:19pm On Feb 07, 2021 |
Wow
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Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by HigherEd: 1:24pm On Feb 07, 2021 |
Are these people not already outperforming commercial banks like this? I mean are we sure the likes of Keystone bank with a commercial banking license can perform this good? They are going to be pain in the bumbum for commercial banks when it comes to deposits. I advise GTbank to acquire this bank asap under their holding Co. Or maybe piggy should just upgrade to a commercial bank. Too impressive for a microfinance. |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by Fixey: 1:24pm On Feb 07, 2021 |
Shows the type of economic activities the nation engages in. 95 billion with not much significant robust economic productivity but mere petty trading. What a shame? |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by CodeTemplar: 1:30pm On Feb 07, 2021 |
Impressive. |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by HigherEd: 1:31pm On Feb 07, 2021 |
Fixey:Well there's that. Banks are always available to supply capital to well guaged investments that yield something good for both their depositors and themselves. The opportunity I see with platforms like piggy, cowry is that they incentivise long term deposits, unlike traditional banks, so it can help grow the economy. |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by CotenantNIG: 3:06pm On Feb 07, 2021 |
i thought private uni students are dumb Long Live CU 1 Like |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by mamaafrik(m): 3:22pm On Feb 07, 2021 |
A friend told me they pay 7-8 ℅ interest in a month |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by Mide3367: 3:32pm On Feb 07, 2021 |
I am among the beneficiaries 1 Like |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by HigherEd: 5:56pm On Feb 07, 2021 |
Mide3367:Lol abi now. |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by HigherEd: 5:57pm On Feb 07, 2021 |
mamaafrik:So I heard. But it's per month. I did also hear that they sell some agro investment for upto 20%. Maybe I'd use them someday soon. |
Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by mrsage(m): 6:39pm On Feb 07, 2021 |
mamaafrik: Not correct. Interest is always calculated per annum
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Re: Nigeria Startup Piggyvest Pays Out Ninety Five Billion Naira To Savers by zealousayo(m): 6:41pm On Feb 07, 2021 |
Impressive! |
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