Loan apps helping or adding to Nigeria problems ?

In Nigeria, over 100 million people live in extreme poverty since the 2020 COVID-19 pandemic which gave the country’s floundering economy further pounding and in no time, Africa’s largest economy by gross domestic product slipped into a recession for the second time in five years. It is not uncommon for many hungry Nigerians to borrow little from a neighbour, friend, or relative to survive for a day

Photo - (Depressed man)

Most bad loan providers have been frustrating life of most Nigerians. Through research over 50% of the loan providers are not there to help you but to frustrate you in such a way that you will regret your life. Moreover, when it comes to a loan, it’s all business but being too greedy and extorting money from desperate and helpless Nigerians in such a manner is unacceptable.

There are some good loan app and also bad loan app. Like we all know how to notice bad loan app

(1) Shorter loan duration like (7-14 days)

(2) Higher interest rate

(3) They treat their customers like trash

(4) They charge for card verification before approving a loan

Even most loans which where worst than now have been scrapped by the Nigerian government just like 


GMoney loan app



And some others

There are some other good loan app that people do go for.



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But now is Nigeria economy helping the people or society who has loaned from most of this app be able to pay back ?

Photo - (Lagos , Balogun market)

Nigeria prevailing economic circumstances make things difficult for well-meaning borrowers. 

According to Research Inflation hit 15.6% in January 2022, but recent events like fuel and diesel scarcity have served to only make things worse. 

The constant currency devaluation has not helped matters either. Today, Naira exchanges on the black market at ₦590/$1.

The cost of living in Nigeria is impacted, even food takes up over 55% of the average Nigerian household’s expenditure. Therefore repayment of loans is definitely going to take a hit. 


Watch YouTube videos from home and get paid

There are different ways to make money online, from the safety of our homes, is on the rise.

The magic of most web is that it’s a sales channel, marketing network, and community hub all in one —plus so much more. 

There are many creative ways to make money online beyond surveys and selling used goods on EBAY, AMAZON and others.

That said, some businesses and side hustles are better suited to the laptop lifestyle than others. In this guide there are 

so many YOUTUBE videos you just need to  SIT - WATCH - START MAKING MONEY


WATCH VIDEO šŸ‘‰ Earned $3,000 Passive Income With A Smartphone App


How to make money on YouTube from home 2022

Since the COVID-19 pandemic which affected the whole world, There are many reasons why people want to make money online. 

Besides being able to work from home with a flexible schedule, you can reach a global market with a low startup cost.

YOUTUBE VIDEO Bellow have some methods of making money online, don’t even require creating products or holding inventory.

If you want to learn about online money-making ideas, We have listed below 6 ways to make money online sitting at home.



Easy ways to make money online watching YouTube from home

You can make it also as a student or unemployed from home. If others can sit at home and make money watching YouTube, so can you. There are so many paid YouTuber just like 7-year-old Ryan, who reviews toys on his YouTube channel, which made him $22 million in 2018. 

Another high earner is Jeffree Star, who’s made more than $18 million on YouTube and has a cosmetics brand that sells about $100 million in products 

There are so many videos you can watch and make money easily from home.


Engineer, lover found dead inside car in Lagos

Tragedy struck Sunday night, in Jakande Estate, Oke-Afa, Isolo area of Lagos, where two lovers were found dead inside a Highlander SUV.

The man, an information technology engineer identified simply as Koyejo, was found in his nude while the lady, whose identity could not be immediately ascertained was half naked.

Residents told Vanguard that the SUV with number plate EPE 666 GE, was sighted on Saturday night at Double Star bus-stop, but they became curious when the car, which ignition was on, remained at the same spot on Sunday night.

Suspecting it could have been stolen, some youths were said to have flashed a torchlight inside the SUV with tinted glass, only to discover the bodies.

One of the residents, who spoke with Vanguard, said: “Koyejo lived at Double Star before he moved to Surulere area of Lagos with his family. He was an IT engineer. He called one of us to inform us that he was in the estate on Saturday.

“We were told he went to pick his girlfriend at Isolo on Saturday night. They went to Moshalashi bus stop to buy suya and took some bottles of alcoholic drinks.”

Vanguard was informed that when Policemen from Ejigbo, who were alerted, arrived the scene, the side door behind the driver’s seat was the only door opened, while others remained locked.

Late Koyejo’s body was already peeling. 

He was found in a sitting position with his trouser and shirt laid on the space between the driver and passenger’s seat. The lady on her part was found lying on her face, with blood dripping from her nose.

When an acquaintance of late Koyejo put a call to his widow, who was unaware of the calamity, she informed that she had not been able to reach her husband since Saturday night.

Policemen from Ejigbo division drove the SUV with bodies of the lovers to the Isolo General Hospital morgue, at 10.20 p.m., where they deposited their remains. Vanguardngr 


EPL: I always watch him very closely – Mount reveals his idol in football

Chelsea attacking midfielder, Mason Mount has revealed he grew up idolizing Manchester United’s Cristiano Ronaldo.

Mount said he always watched Ronaldo very closely, adding that he loved the way he played his free kicks.

“I think everyone has seen the video of when I was younger, basing my free kick off him [Cristiano Ronaldo],” Mount told Amazon Prime in an interview (via Football London).

“I always watched him [Ronaldo] very closely when he was at [Manchester] United as a young kid. I loved the way he played, his free kicks.”

He added, “So I always try to look at and work out, what can I do, to put it into my game? But now to play against him is the journey that you go on from watching someone in the stands as a fan and then to being on the same pitch and playing against them.

“It is a crazy journey and yeah, that is why I love football so much.” Dailypost 


Russia faces its biggest economic collapse since Putin rose to power

Russia is about to suffer the most severe economic collapse since Vladimir Putin rose to power at the turn of the millennium, as sanctions imposed on the country after he invaded Ukraine are expected to wreak more damage than any previous crisis the Russian strongman has faced.

On April 29, Russian central bank governor Elvira Nabiullina slashed the country's interest rates by three percentage points for the second time in less than a month, after forecasting a severe recession, soaring prices, and coming labor market upheaval as the country pays the price for its unprovoked war. 

“Supply is contracting more significantly than demand, which is intensifying inflationary pressure,” she said.

Gross domestic product is expected to nosedive by a minimum of 8% this year, and could even shrink by as much as 10%, the most since 1994, according to the World Bank.

Nabiullina dismissed the Russian government's rosy first-quarter GDP figure, which showed an expansion of 3.7%, as nothing more than a temporary effect driven by people stocking up on goods before they disappear. As inventories gradually run out, the damage will continue to worsen over the course of the year and peak in the final three months of this year, according to her analysis.

The central bank governor singled out the country’s auto industry, with its complex cross-border supply chains, as a prime casualty of the sanctions.

“Companies that used foreign raw materials or components are facing problems as they are gradually running out of stocks," she said.

No V-shaped recovery next year

Like many emerging economies dependent on raw material exports, Russia has had other sharp contractions before: The country's output experienced a 3% decline during the 2020 pandemic and a 7.8% drop in 2009 following the global financial crisis.

But even in Nabiullina's more optimistic scenario, she estimates that this year's plunge in GDP following Western sanctions will easily top those, if not blow them out of the water.

Making matters worse, Nabiullina predicted the economy would not snap back next year, as it had done previously. Instead, in a best-case scenario, it would stagnate on an annual basis in 2023, and at worse decline by a further 3%. 

Consumer prices could soar by 18% to 23% this year, with the rate of increase only set to cool significantly from next April, the bank forecasts.

On Friday, Russia's main interest rate fell to 14%, although it still remains elevated compared to the 9.5% just prior to February’s invasion.

But whether the latest cut will help animate people to spend money anytime soon amid the uncertainty over the war is another matter.

“People now prefer to save rather than consume,” Nabiullina told reporters. (


Oil falls as China’s COVID restrictions threaten fuel demand

Oil declined in tandem with equities as China’s stringent measures to curb Covid-19 threatened a further hit to economic activity and fuel demand.

West Texas Intermediate futures slid 3.4% as data showing a sharp economic contraction in the world’s top oil importer outweighed growing expectations that Europe may agree to curb crude purchases from Russia. Beijing is set to close gyms and cinemas over the Labor holiday that lasts through Wednesday, and Shanghai will keep virus measures in place.

  • WTI for June delivery traded down $3.58 at $101.11 a barrel on the New York Mercantile Exchange at 8:41 a.m. local time.
  • Brent for July settlement slipped 3.2% to $103.73 on the ICE Futures Europe exchange.

“China growth concerns are a key driver, coming on top of general risk-averse sentiment and signs that high fuel prices are already causing demand destruction,” said Ole Sloth Hansen, head of commodities research at Saxo Bank A/S.

Meanwhile, the European Union is set to propose a ban on Russian imports by the end of the year, with restrictions on shipments introduced gradually until then. While Germany said it could end its dependence on Russia by summer, Hungary signaled it would veto any sanctions on Russian energy.

Oil climbed for a fifth month in April, marking the longest monthly winning streak since January 2018. Russia’s invasion of Ukraine has spurred inflation, and led the U.S. and its allies last month to agree on a coordinated release of strategic crude reserves to ease surging energy prices. The war has also sparked a rally in diesel prices in the U.S.

Crude remains in a bullish backwardated pattern with near-term prices above longer-dated ones, though differentials have narrowed since early March. Brent’s prompt spread — the gap between its two nearest contracts — was $1.60 a barrel, down from $3.88 on March 8. (Aljazeera)


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