CBN Loan

21 Businesses That Can Apply for Tertiary Institutions Entrepreneurship Scheme or TIES (for Post NYSC Members)

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The coast is now clear for former NYSC members to submit their applications for the Tertiary Institutions Entrepreneurship Scheme (TIES). The programme is a brainchild of the Central Bank of Nigeria (CBN) in pursuant to the CBN Act, 2007 to reduce unemployment among young graduates by supporting their creative and innovative ideas financially. Recalled that the governor … Read more

5 Key Things About NMFB Non-Interest Banking Window For TCF & AGSMEIS Applicants Need To Know

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Nirsal Micro Finance Bank has launched a 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, Jaiz bank is the first financial institution in Nigeria to start the Islamic principle … Read more

3 Key Requirements for Government Enterprise Empowerment Programme As GEEP 2.0 Begins

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Loan application infomediang

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 information. Another batch of the programme, according to the information we received from the National … Read more

AGSMEIS Loan Business Plan: 8 Key Sections You Must Prioritize

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strawberry plantation in Jos

One of the biggest credit facilities supported by the Central Bank of Nigeria is Agric-Business Small and Medium Enterprises Investment Scheme (AGSMEIS). It isn’t just designed to make Nigeria self-sufficient in what we consume, but also to reduce the rate of unemployment across the country. As an applicant, you must either have an existing agri-business … Read more

Large Scale Corruption Hits COVID-19 Loan As Applicants Complain of Unathorised Debits From Their NMFB Accounts

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Loan application process infomedia nigeeria

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

33 Nigerian Banks Where You Can Get DBN Loan For Your Business

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Loan application process infomedia nigeeria

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

Those Who Accepted Our Loan Offers Will Receive Credit Alert – NMFB

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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

15 Key Points To Include in CBN Gas Intervention Fund Application

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CBN Gas Intervention Fund Application

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

11 Practicable Ways MSMEs Will Benefit From New CBN Guidelines for CGCs

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Loan application process infomedia nigeeria

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

4 Key Requirements To Upgrade Your Bank Account To Remove Credit Limitation

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Loan application infomediang

Since the application for COVID-19 Targeted Credit Facility began, a lot of applicants who got loan offers have had to face the challenge of receiving their funds in their designated bank account. if you operate a tier 1 account, you won’t be able to receive funds beyond that limit. If your bank account can only … Read more

Top 12 Funding Platforms for Small Business Owners in Nigeria

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CBN P-AADS Fund (Agripreneur

There are hundreds of Nigerians who have nice business ideas but are being impeded by a lack of access to financial support. And one of the coolest and cheapest ways to get capital for your business is to have access to grants or low-interest rate financing. A business-minded undergraduate student can also explore the platforms … Read more

How To Apply For N5M Collateral-Free BOA-SMEDAN Loan

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CBN P-AADS Fund (Agripreneur

Here is a privilege to apply for BOA-SMEDAN matching fund programme and we’ll outline all the things you need to put in place before submitting your application for this loan to stand a chance of getting up to N5, 000, 000 to boost your business. Remember, you need SMEDAN Unique Identification Number (SUIN) to access … Read more

Why Your NYIF Loan Was Rejected By Ministry of Youth And NIRSAL

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Hundreds of Nigerians who applied for funding for their businesses during and post COVID-19 are worried that their application was rejected. Some of those whose applications were rejected concluded that the funds were only given to those who are “connected” to political heavyweights. But the fact is we’ve received lots of testimonies from those who … Read more