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 debited me at once leaving 1,946 on the account I don’t understand please reply me … Read more
With its establishment in 1990 by the Companies and Allied Matters Act during the regime of former military President Ibrahim Badamosi Babangida, the Corporate Affairs Commission (CAC) is now the first point of call for business owners who want to give their enterprise or limited liability company a legal backing. We’ll tell you more about … Read more
As a business owner, the success of your business depends on how healthy you are. If you can’t effectively manage your business due to ill health, your business will definitely suffer the consequences. Most times, a small business owner is a driver, the account manager, the recruiter etc because they want to maximise profit. When … Read more
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 available, the eligibility requirements and the interest rates by the commercial banks are not always … Read more
I read in the news on Tuesday, July 27, 2021, that Godwin Emefiele-led Central Bank of Nigeria halted the sales of forex to the Bureau De Change operators in Nigeria. CBN will now be supplying forex to ONLY commercial banks. The new rule takes immediate effect. Should you be worried about the new CBN policy … Read more
Three merits of being self-employed are: 1) the freedom to manage your own time, 2) absolute decision on when to work and when to take a break or go on holiday, and 3) the ability to hard side hustle to your present source of income to take care of some bills. So, what would you … 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 Facebook page while reacting to the delay in the disbursement of loan applications and assured … Read more
Nigeria is filled with investment opportunities, but the major challenge facing millions of people at home is finance while hundreds of Nigerians abroad are at crossroads over how and where to invest their monies. Apart from the issue of trust and the fear of falling victim to some dubious friends and family members back home, … Read more
The Central Bank of Nigeria (CBN) isn’t showing signs of weakness in its determination to sanitise the forex market following its August stoppage of dollars to the operators of Bureax De Change And after directing commercial banks to take over the sales of forex to Nigerians who need them for PTA, BTA, medicals, and school … Read more
What is Annual Return Filing? An annual return is a yearly update of a registered company or business in the Corporate Affairs Commission (CAC) database, indicating that the business is still active, operating, and in compliance with the law. Filing annual returns in Nigeria is not about declaring a company’s profits, nor is it a … Read more
The most-watched reality Tv show is getting hotter as millions of followers of the show can now cast their votes to save their favourite from possible eviction. Unlike the previous edition where votes were through SMS (when voters had to incur SMS charges) the voting in the Big Brother Naija 2021 is online and through … 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 massive jobs for millions of unemployed Nigerians through access to financing. Nigeria’s government is implementing … Read more
It’s no longer news that all the financial institutions in Nigeria have set up teller points for foreign exchange sales in furtherance of guidelines handed down by the Central Bank of Nigeria to them (CBN) to sanitise the forex market. One of the actions of the apex bank on July 27, 2021, was that it … 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 going by the latest 27-page guidelines handed down by the Central Bank of Nigeria (CBN) … 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 Bank, where SMEs and artisans can access up to N300, 000 It is a new … Read more