2 Major Types of Loans in Nigeria

Loan application process infomedia nigeeria

You’ve heard about the soft and collateral-free loan, SME, housing, car, and all kinds of funding for personal and corporate use?

Usually, all kinds of funding fall into two major types of loans. Whether the funding is from the government, non-governmental organisation, or from a financial institution, they could be categorised as: read more

13 Eligibility Requirements To Get Loans In Nigeria

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There are several loans you can access in Nigeria. But lenders or banks would make sure that you have verifiable data.

This isn’t peculiar to only Nigeria, but it’s a normal standard in every part of the World. Apart from verifying you also known as knowing Your Customer (KYC) in the business world, banks want to ensure that the loan is used or the purpose it is meant. read more

239 NYIF Applicants Get Over N160 Million, Here Is How You Can Make The Next Batch

Nigeria Youth Investmemnt Fund Support

The information we received from the Federal Ministry of Youth Development and Sports is that 239 applicants of the Nigeria Youth investment Fund (NYIF) have received a loan of N165,700,000

If you applied for the NYIF, but yet to get feedback on your loan application? Don’t worry you can make the list of the second batch as we’ll be telling you what you need to do right. read more

CBN defends naira with $4.37bn in three months

The foreign exchange market gulp $4.37bn in the third quarter of 2020 as one of the moves by the Central Bank of Nigeria (CBN) to stabilize the naira.

The third-quarter economic report of the apex bank revealed that the CBN’s periodic interventions in the forex market is targeted at boosting the supply side of the market. read more

774,000 Jobs Begin January 5 – Keyamo

The Minister of State for Labour and Employment, Festus Keyamo, said the 774,000 jobs under the Special Public Works Programme (SPWP) will start on Tuesday, January 5, 2021.

He made the announcement via his Twitter handle on Sunday night, where he explained that the President Muhammadu Buhari has approved the commencement of the initiative read more

Anchor Borrowers Programme Loan: How To Form Farmers’ Cooperative To Access Agric Funds

If you don’t belong to a functional farmers’ cooperative, you are definitely missing out on a lot of funding opportunities. One of such is the Anchor Borrowers Programme Loan or ABP.

The fact that the last update most of you heard about the agricultural loan was sometimes in July 2020, yet there are some modalities going behind the doors and how you can proactively tap into the ABP loans in boosting your agric produce. read more

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