Are you looking for a mortgage to buy the house of your dreams? Thankfully, banks quickly offer reasonable mortgage loans once you satisfy their requirements and gather enough cash for a down payment. But getting a mortgage is not exactly a happy ending. Effectively managing its EMIs (Equated Monthly Instalments) is a chore in and … Read more
If you’re a student loan borrower, you’ve probably had at least one moment of panic. And that’s OK! Student loans can be complicated, so it’s natural to have questions about how they work. In this guide, they’ll walk you through everything from repayment options and forgiveness plans to the difference between federal and private student … Read more
If you have student debt, chances are that you’ve wondered how long it will take you to repay your loans. The answer is not as straightforward as you might think! There are so many variables involved in calculating this answer that it’s not an easy feat to do on your own. That being said, here … 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 a total of NGN23.2 billion were disturbed to 28 companies in three major sectors: Manufacturing sector: 14 … Read more
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. … 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 implemented on bank accounts of loanees after the end of the moratorium and deduction would … 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 and Productivity (PPP). It is an initiative of the Central Bank of Nigeria (CBN) to … Read more
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 … 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, West, North, and East are not able to achieve business goals due to high interest … Read more
It’s a hard time, most especially for the average people around the World as inflation bites harder. 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 you have while trying to get a credit facility. At a … Read more