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Islamic banking entails banking activities that are compliant with Shariah. Also known as Islamic finance, it encompasses financial activities, particularly in the banking world, which adhere to Islamic law. Tenets of Islamic Banking The religious system forbids the payment and …
10 Benefits of Islamic Banking To Business Growth Read More »
The Central Bank of Nigeria (CBN) has released the full list of the beneficiaries of 100 for 100 policy spreading across three major sectors Wednesday, February 2, 2022. The list which is published on the official website of CBN shows that …
Each of the 10,000 wheat farmers in Bauchi will receive at least NGN370,000, totalling NGN5.7 billion from the Central Bank of Nigeria (CBN) for the dry season farming. In addition to the loan, six bags of urea, four bags of …
10,000 Bauchi Farmers To Get NGN5.7billion Loan from CBN Read More »
The managing director of NIRSAL Microfinance Bank (NMFB), Alh. Abubakar Kure, has vowed that the Bank Verification Number (BVN) of COVID-19 loan defaulters will be blocked. In an interview, the NMFB boss disclosed that Global Standing Instruction (GSI) would be …
BVN of COVID-19 Loan Defaulters Will Be Blocked – NMFB Boss Vows To Invoke GSI Read More »
Companies that source at least 50 per cent of their raw materials locally, have the potential to contribute to Nigeria’s foreign exchange, and have export value potential among other requirements can apply for the 100 for 100 Policy on Production …
Apart from business ideas, funds are very important at the stage of implementation or for expansion, that’s when credit facility for small business owners is very important. As such, Stanbic IBTC SME loan is one of the credit facilities entrepreneurs …
Steps To Get Stanbic IBTC SME Loan of Up to NGN10million Read More »
One of the impediments to business financing in Nigeria is either bad policies from the government or stringent terms by the banking institutions or both. Nigerian youths are mostly affected by the challenges because small business owners in the South, …
It’s a hard time, most especially for the average people around the World. The trying moment has forced millions of people to seek soft loans to augment the situation. Unfortunately, this is also the time you could lose the little …
Nirsal Micro Finance Bank has launched non-interest banking window for Targeted Credit Facility and the Agric Small Medium Enterprise Scheme (AGSMEIS). With the latest announcement, NMFB joins the list of four other banks in Nigeria that offers non-interest banking products, …
With $20 million financing from Islamic Corporation for the Development of the Private Sector (ICD) in 2018 and another $25million to support SMEs in September 2021, Jaiz Bank’s interest-free business loan products might be the choice of startups irrespective of religious …
6 Major Requirements for Jaiz Bank Interest-Free Business Loans Read More »
The pioneer of non-interest credit facility in Nigeria Jaiz Bank says it has got $25million from Islamic Corporation for the Development of the Private Sector (ICD). ICD is the private sector arm of the Islamic Development Bank (IsDB), a Saudi Arabia-based multilateral development …
Jaiz Bank Gets Over N10Billion From IsDB To Support SMEs in Nigeria Read More »
One of the ways for a business owner to quickly achieve their entrepreneurial goals is to get access to a soft or an interest-free loan, but most of the financial institutions around the world make a profit from interest on …
4 Islamic Banks With Interest-Free Loan in Nigeria Read More »
To many Nigerians, the Government Enterprise & Empowerment Programme (GEEP) was active before the 2019 general elections, not knowing that a lot of credit facilities are still going on across the country. You just have to connect with the right …
3 Key Requirements for Government Enterprise Empowerment Programme As GEEP 2.0 Begins Read More »
It is not a good time for some applicants of the CBN-backed covid-19 as they continue to receive unauthorised debit alerts from Nirsal Microfinance Bank (NMFB). Please I need help I applied for Nirsal covid-19 loan they credited me and …
We’ve said severally how difficult it is for small business owners to access financing, but getting the right information to know the right credit facility for SMEs is also very important. Do you know that even when the loans are …
33 Nigerian Banks Where You Can Get DBN Loan For Your Business Read More »
Nirsal Micro Finance Bank (NMFB), a CBN-dedicated bank for disbursement of government loans, has assured small business owners and individuals who accepted the loan offer of the government would receive a credit alert. The bank made the assurance on its …
Those Who Accepted Our Loan Offers Will Receive Credit Alert – NMFB Read More »
The recent N250,000,000,000 Gas Intervention Fund by the Central Bank of Nigeria (CBN) is one of the several financing programmes for a quick economic recovery. The essence of the gas fund is to support the propagation of gas while creating …
15 Key Points To Include in CBN Gas Intervention Fund Application Read More »
Micro, Small, and Medium Enterprises (MSMEs) can never forget the economic effect of the covid-19 pandemic on their businesses. But the business policies of Nigeria’s apex bank are most likely to put smiles on the faces of such business owners …
11 Practicable Ways MSMEs Will Benefit From New CBN Guidelines for CGCs Read More »
It’s exciting to know that financial institutions in Nigeria are deepening their interest in supporting micro-traders through soft loans. The latest on the list credit facility available for small business owners is ‘I Go Trade’ which was launched by Sterling …
3 Easy Steps To Apply For Sterling ‘I Go Trade’ Collateral-Free Loan Read More »
Who received the N75Bn CBN loan? That is one of the questions on the lips of millions of Small and Medium Enterprises (SMEs) who applied but were not selected for the National Youth Investment Fund (NYIF) loan. The NYIF loan is …
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