With $20 million in financing from the 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 sentiments in a few years. Founded by Alhaji Umar Mutallab in 2003, Jaiz … Read more
What is Tenor? Tenor means the length of time remaining before a financial contract expires. It is usually used in relation to bank loans, insurance contracts, and derivative products. Some use it interchangeably with the term maturity, but they have a clear distinction. For example, a loan is taken out with a three-year tenor. After two-year passes, … Read more
Are you an entrepreneur and not more than 30-year old? You could have your business in front of millions of potential customers around the world with the First City Monument Bank (FCMB) Flexxpreneur of The Month. While Nigeria’s foremost bank is encouraging undergraduates to embrace entrepreneurship, we put together 30 sources for students to set up … 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
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
As one of the strongest financial institutions in Nigeria, Ecobank has a wide range of credit facility you comfortably choose from. The bank is a subsidiary of the larger Ecobank Transnational Incorporated (ETI), one of the largest independent banking groups on the Africa continent by providing a comprehensive range of retail, corporate, wholesale, investment and … Read more
Looking for a credit facility for your business? We’ve got you covered with Titan Trust Bank loan, how to apply and the required documents you need to ensure your application receives expedient attention. The bank might sound extremely new to hundreds of Nigerians, most especially for those who have not been following the banking industry … Read more
CitiBank is a global financial institution with its branches across the World including Nigeria where it provides credit facility to businesses. But one thing about CitiBank Nigeria is that its branches are strategically located in a few commercial state capitals. One thing that comes to mind is: How can I get a business loan at … Read more