Do a Google search for investment schemes in Nigeria, and see the assortment of options that come up. It’s everything from FOREX platforms to crowdfunded AgriTech, stock brokerages, and real estate. A good number of the search results don’t even specify what their investments are; they just identify as investment vehicles.
Read more about 2019 CN’s Top 100 Emerging SMEs
A lot of these platforms are fraudulent. Many people have lost money to them. Some have raised the alarm over the lack of clarity around these ‘investments’. But they continue to attract (and dupe) unsuspecting individuals.
Xycinews Media is trying to remedy this situation. Through its reviews website, this outfit is exposing shady ‘investment schemes’ and letting Nigerians learn about the dangers they pose so that they don’t get scammed.
Founded in 2017 by Naabiae Nenubari, Xycinews Media has built a reputation as a key part of the anti-investment fraud movement. The company says it doesn’t just try to curb the proliferation of fake investment platforms; it helps its audience understand the often detectable differences between authentic wealth expansion platforms and sham ones.
This media company covers a number of other themes. There’s a science segment on its website, where science and technology updates are provided. The health category contains fitness tips and other health management advice. And the ‘Top 5’ lists run through interesting and related facts ranked according to their importance.
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Its readership has grown over the past few years. The company says that it caters to over 30,000 individuals monthly.
Besides its online publication, Xycinews Media also offers blogging and SEO training to aspiring or newbie online content creators.
But the company has won recognition primarily for its work in reviewing and exposing questionable investment initiatives. Feedspot, a global online media ranker, has named Xycinews one of the top 50 blogs to follow in Nigeria.
In 2020, Xycinews Media was named one of the Top 100 Emerging SMEs by Connect Nigeria. It claimed a spot among this elite group after scaling through a screening process involving thousands of businesses.
The outlet continues to pursue its aim of becoming a leading finance reviewer on the web. It certainly has the potential to achieve this.
Featured Image Source: Xycinews Media
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