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Application for N5 Billion SMEDAN-Sterling Loan Is Open, Here Is The Application Process

Leave a Comment / Loans / By InfomediaNG

You can access at least N250K and as high as N2.5 million as a business loan to support your business, thanks to the partnership between the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Sterling Bank. The loan facility is worth up to N5 billion to support small businesses across Nigeria. On the …

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What Is a Jumbo Loan?

Leave a Comment / Loans / By InfomediaNG

You may have heard of FHA loans, VA loans, or conventional loans, but have you ever heard of a jumbo loan? If you’ve never heard of a jumbo loan before, you may be wondering what it is and how it works. In a nutshell, a jumbo loan is a financing option for high-dollar homes that …

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Get Ahead: Use an EMI Calculator to Your Personal Loan’s Advantage

Leave a Comment / Loans / By Contributing Writer

When it comes to getting a personal loan, a personal loan emi calculator is an essential tool for determining your repayment plan. EMI stands for “equated monthly installment,” and it is the amount of money you will be required to pay back each month to repay your loan. An EMI calculator will help you understand how …

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There Are 173 Legitimate Loan Apps In Nigeria, Check Them To Avoid Scams

Leave a Comment / Loans / By InfomediaNG

There are 173 legitimate loan apps in Nigeria, according to the latest approval notice issued by the Federal Competition and Consumer Protection Commission (FCCPC). Out of the 173 loan apps that got the green light from the consumer protection agency, 119 of them got full approval while 54 of the digital lenders got conditional approval. …

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Beneficiaries of 100 for 100 Policy By CBN

Leave a Comment / Loans / By InfomediaNG

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 a total of NGN23.2 billion were disturbed to 28 companies in three major sectors: Manufacturing sector: 14 …

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10,000 Bauchi Farmers To Get NGN5.7billion Loan from CBN

Leave a Comment / Loans / By InfomediaNG

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 NPK fertilizer, pumping and spraying machines, CBN Comptroller, Bauchi Branch, Saladu Idris, said on Thursday. …

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BVN of COVID-19 Loan Defaulters Will Be Blocked – NMFB Boss Vows To Invoke GSI

1 Comment / Loans / By Opeyemi Quadri

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 implemented on bank accounts of loanees after the end of the moratorium and deduction would …

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100For100 PPP CBN Loan Application Portal

100 for 100 PPP CBN Loan Application Process

1 Comment / Loans / By Opeyemi Quadri

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 and Productivity (PPP). It is an initiative of the Central Bank of Nigeria (CBN) to …

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Steps To Get Stanbic IBTC SME Loan of Up to NGN10million

Leave a Comment / Loans / By InfomediaNG

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 in Nigeria can obtain to achieve their business goals. In one of our guides, we …

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Statistics Show Bank Loan Terms, FG Policies Affect Youths Access To Credit Facility in Nigeria

Leave a Comment / Loans / By InfomediaNG

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, West, North, and East are not able to achieve business goals due to high interest …

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