What Farmers Need To Know About NIRSAL Agro Geo-Cooperatives Loan

CBN P-AADS Fund (Agripreneur

If you have access to your community and farmers in your locality, here is an untapped income-generating opportunity through the NIRSAL Agro Geo- Cooperatives Formation. And for the farmers, it’s an opportunity to get access to the Anchor Borrowers Programme or ABP loan. In one of our publications, we told you how farmers could form … Read more

CBN Bars Payment Service Banks From Granting Loans

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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

Opening Corporate Account In Nigeria? Here Are The Requirements

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A corporate account is a banking account purposely designed to cater for the business needs of companies and businesses. It is used to manage the financial assets of a company or business. Some of its features include receiving payments from customers, managing payroll, keeping track of business expenses, and access to advanced merchant tools. Here … Read more

How To Repay COVID-19 NIRSAL Loan in Nigeria

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There have been worries over how beneficiaries of the COVID-19 NIRSAL Loan can repay. Some of them say all efforts to repay the loan proved abortive. But to simplify the process, NMFB has activated a repayment schedule link on its portal. To check your loan statement and schedule for repayment: 1) use this link: nmfb.com.ng/repayment-schedule … Read more

How To Check If Your COVID-19 Loan Has Been Approved Using BVN

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Nirsal Microfinance Bank (NMFB) has resumed disbursement of the Covid-19 Targeted Credit Facility  (TCF) for 2022, the bank said in a Facebook post, urging applicants to check the status of their application. So, if you applied for the SME loan on the NMFB portal, all you need is to head back to the portal to … Read more

How To Apply For BOI Cassava Bread Fund in Nigeria

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The Bank of Industry (BOI) is a Federal Government-funded industrial financing institution. The bank has a wide range of loans to support industries that contribute to the Gross Domestic Product (GDP), one of such fund is the Cassava Bread Development Fund. More details on what to do to get loans from the Bank of Industry (BOI) … Read more

CBN Funding: What To Do If Your Loan Application Was Not Successful

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We received an email a few hours ago from one of the subscribers expressing his concern over one of the government loans he applied for. He was unlucky. He was more worried because some of his colleagues he assisted in the loan application were successful. Their NMFB accounts have been credited. They are now one of … Read more

How To Transfer Your Nirsal Loan From NMFB To Your Bank Account Using *646#

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I applied for one of the available COVID-19 loans of the Central Bank of Nigeria sometime in 2020. To my surprise, my Nirsal Microfinance Bank (NMFB) account was credited. I was elated because it would help me to expand my business. But never did I know I would face other rounds of the hurdle. But I … Read more

How to Apply For CBN P-AADS Fund (Agripreneur Can Access Up To N2billion)

CBN P-AADS Fund (Agripreneur

The Central Bank of Nigeria Private Sector Accelerated Agriculture Development Scheme (P-AADS) Fund is specifically designed to boost agric produce across Nigeria where a maximum of N2,000,000,000 can be accessed by agripreneurs. A full list of CBN loans can be found at https://infomediang.com/cbn-sme-loans-in-nigeria Launching of P-AADS On November 11, 2020, the Godwin Emefiele-led apex bank … Read more

NMFB Disowns Staff Members Who Exploit AGSMEIS Loan Applicants

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NIRSAL Micro Finance Bank (NMFB) has disowned members of his staff that are purportedly exploiting applicants of the Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS). AGSMEIS is a loan of 5% per year which is provided by the Central Bank of Nigeria (CBN) through NMFB and other commercial banks in Nigeria. It’s granted to support business owners in Nigeria. … Read more

CBN Loans: How To Become Accredited Entrepreneurship Development Centres (EDC) In Nigeria: Documents And Financial Gains

Do you know that there are up to six loans under the CBN intervention fund for SME Businesses and Agriculture? To apply for any of the loans, you need training certificate from CBN accredited Entrepreneurship Development Centres or Institute. One of such is Agric-Business Small and Medium Enterprises Investment Scheme, also known as AGSMEIS loan. … Read more

How To Open An Account With Nirsal Micro Finance Bank (NMFB Requirements)

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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

Types of Loans Offered By All Nigerian Banks

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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

NMFB Launches New AGSMEIS Loan Application Portal, Here Is Link For Application

Nirsal Micro Finance Bank (NMFB) has launched a new AGSMEIS loan application portal in order to make access to credit facility easier for Nigeria business owners. AGSMEIS means Agri-Business Small and Medium Enterprise Investment Scheme which grants the best and most affordable loan in terms of interest to business owners in Nigeria. It is a loan … Read more