Editorial Staff 
Do you know that there are several SMEs loans funded by the Central Bank of Nigeria (CBN) you can apply for to boost your business? We’ve got the full list here for you to pick the most suitable for your business and delve into how you can access them in our subsequent guidelines. One of … Read more
Formerly as kwikmoney, migo is an automated online moneylender that provides single payment loans through the use of Unstructured Supplementary Service Data (USSD) for those who need urgent money for immediate needs. Interest rate: 15% Hours of work: 24/7 Migo instant loan is granted in less than 120 seconds if you are a first time. … Read more
You’ve heard about CBN’s CIFI loan and wondering how to access it? We’ve compiled here the Nigerians banks where you can easily submit your application to access the loan. Purpose of the loan It is an on-lending scheme designed by Nigeria’s apex bank in collaboration with the Bankers’ Committee. It’s designed to boost job creation … Read more
Getting the National Identity Number (NIN) has been a major problem for millions of Nigerian several years the exercise was launched. But the recent ultimatum given by the Federal Government that phone number that isn’t linked to the NIN will be blocked triggered interest of Nigerians whose SIM card risk being cut off from network … Read more
The Anglo-Nubian goat is a crossbreed between the British goats and bucks of African and Indian origin, which can also be found in Northern Nigeria. This specie is a multipurpose goat for the production of milk, meat, and hide. In this post, we’ll share with you important information about Anglo-Nubian doe and buck. Characteristics of Anglo-Nubian Goat … Read more
Apart from the N50 million research activities, you can as well get another N500 million grant for the development and manufacturing of drugs under the Healthcare Sector Research and Development Intervention Scheme (HSRDIS). Yes, you read that right. And in this article, we’ll tell you all you need to benefit from the HSRDIS funded by the … Read more
There are 955 Microfinance banks in Nigeria, the Nigeria’s apex bank licences them and are also insured by the Nigerian Deposit Insurance Corporation (NDIC). They are: Check the list of commercial banks, merchant, mobile money operators, and other organizations that provide financial-related service.
The Federal Executive Council on July 22, 2020, approved the sum of N75, 000,000,000.00 (N75Billion) for the establishment of the Nigeria Youth Investment Fund. NYIF Loan Interest Rate: 5% The NYIF is for the period of 2020 – 2023 dedicated to investing in the innovative ideas, skills and talents of Nigerian Youth. It is also aimed … Read more
In the 1990s, my grandma had a savings account in Imo Microfinance Bank, a local financial institution based in Ilesa, Osun State. One day, we woke up to read about the closure of the bank by the Central Bank of Nigeria (CBN). At the time, she had close to N50, 000. All her savings were … Read more
For small scale entrepreneur to access any of the loans supported by the Central Bank (CBN), he must have undergone specific training at Entrepreneurship Development Centres or EDC which are certified by the apex bank. Also known as Entrepreneurship Development Institute (EDI), the centres are saddled with the mandate of developing entrepreneurship spirit among Nigerians. … Read more