Nigeria’s government has finally shown its interest to massively invest in housing. It’s doing this by building 300,000 houses for interested Nigerians across the country under its programme called National Social Housing Programme (NSHP) The new announcement by the NSHP means you can own a house at an interest-free loan beginning from N2, 000, 000. … Read more
Nigeria’s apex bank has barred Payment Service Banks (PSBs) in Nigeria from granting loans. It also barred the PSBs from accepting foreign currency in its latest guidelines seen by InfomediaNG. This means that the PBS can no longer grant any form of loans, advances, and guarantees, directly or indirectly, to their customers. For all categories of loans, … Read more
In October 2019 the Managing Director of Nigeria’s Bank of Industry (BoI), stated that hundreds of Nigerians failed to pay back the loan they get from the bank. “Some of them treat the loans given to them like it’s their own share of the share of the national cake.” If you know the purpose of … Read more
There have been worries over how beneficiaries of the COVID-19 NIRSAL Loan can repay. Some of them say all efforts to repay the loan proved abortive. But to simplify the process, NMFB has activated a repayment schedule link on its portal. To check your loan statement and schedule for repayment: 1) use this link: nmfb.com.ng/repayment-schedule … Read more
Nirsal Microfinance Bank (NMFB) has resumed disbursement of the Covid-19 Targeted Credit Facility (TCF) for 2022, the bank said in a Facebook post, urging applicants to check the status of their application. So, if you applied for the SME loan on the NMFB portal, all you need is to head back to the portal to … Read more
The Bank of Industry (BOI) is a Federal Government-funded industrial financing institution. The bank has a wide range of loans to support industries that contribute to the Gross Domestic Product (GDP), one of such fund is the Cassava Bread Development Fund. More details on what to do to get loans from the Bank of Industry (BOI) … Read more
We received an email a few hours ago from one of the subscribers expressing his concern over one of the government loans he applied for. He was unlucky. He was more worried because some of his colleagues he assisted in the loan application were successful. Their NMFB accounts have been credited. They are now one of … Read more
I applied for one of the available COVID-19 loans of the Central Bank of Nigeria sometime in 2020. To my surprise, my Nirsal Microfinance Bank (NMFB) account was credited. I was elated because it would help me to expand my business. But never did I know I would face other rounds of the hurdle. But I … Read more
The Central Bank of Nigeria Private Sector Accelerated Agriculture Development Scheme (P-AADS) Fund is specifically designed to boost agric produce across Nigeria where a maximum of N2,000,000,000 can be accessed by agripreneurs. A full list of CBN loans can be found at https://infomediang.com/cbn-sme-loans-in-nigeria Launching of P-AADS On November 11, 2020, the Godwin Emefiele-led apex bank … Read more
The Nirsal MicroFinance Bank has alerted the general public about a fake NMFB loan application link that is being circulated online. It urged members of the public not to hand over their Bank Verification Number (BVN) to a stranger. You can see the legitimate NMFB loan application link in this guide https://infomediang.com/cbn-covid-19-credit-facility-portal The fake one … Read more
NIRSAL Micro Finance Bank (NMFB) has disowned members of his staff that are purportedly exploiting applicants of the Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS). AGSMEIS is a loan of 5% per year which is provided by the Central Bank of Nigeria (CBN) through NMFB and other commercial banks in Nigeria. It’s granted to support business owners in Nigeria. … Read more
Less than 24 hours ago, a friend shared a loan payment evidence he received from one of the Nigerian financial institutions for his small data service company. In this post, we will share with you all you need to do to benefit from the Fidelity Bank loan and the category of credit facility available for … Read more
Do you know that it isn’t compulsory to provide an NMFB account to the ongoing COVID-19 TCF loan? However, you need to have an account with the CBN-backed microfinance bank. In this guide, we’ll tell you the requirements to open an account with Nirsal Micro Finance Bank and why you need it for the disbursement … Read more
We all need money to meet certain financial obligations. Loans come in handy when there is no alternative. In this post, we’ll share with you the types of loans offered by Nigerian banks which are accessible to everyone who can abide by their terms and conditions. But in case you don’t know, every Nigerian bank has … Read more
Nirsal Micro Finance Bank (NMFB) has launched a new AGSMEIS loan application portal in order to make access to credit facility easier for Nigeria business owners. AGSMEIS means Agri-Business Small and Medium Enterprise Investment Scheme which grants the best and most affordable loan in terms of interest to business owners in Nigeria. It is a loan … Read more