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 […]
4 Key Requirements To Upgrade Your Bank Account To Remove Credit Limitation Read More »
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
Top 12 Funding Platforms for Small Business Owners in Nigeria Read More »
Most times, people apply for a loan and ask for the date of repayment without understudying the interest rate. It’s pertinent to note that a loan should be the last resort for your business It is very very important to know how to calculate loan interest: 1) to know if it is worth it, 2)
How To Calculate Loan Interest Rate Read More »
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
How To Apply For N5M Collateral-Free BOA-SMEDAN Loan Read More »
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
Why Your NYIF Loan Was Rejected By Ministry of Youth And NIRSAL Read More »
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
What Farmers Need To Know About NIRSAL Agro Geo-Cooperatives Loan Read More »
If you have heard about the Cement Fund but don’t know what it’s about, here is a simple way to be part of it and how the fund will be implemented through the Cement Technology Institute of Nigeria (CTIN) by the Bank of Industry (BOI). What you need to know is that the CTIN gave
How To Benefit From BOI Cement Fund In Nigeria 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,
CBN Bars Payment Service Banks From Granting Loans Read More »
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
Opening Corporate Account In Nigeria? Here Are The Requirements Read More »
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
How To Repay COVID-19 NIRSAL Loan in Nigeria Read More »
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