The Federal Executive Council on July 22, 2020, approved the sum of N75, 000,000,000.00 (N75Billion) for the establishment of the Nigeria Youth Investment Fund. NYIF Loan Interest Rate: 5% The NYIF is for the period of 2020 – 2023 dedicated to investing in the innovative ideas, skills and talents of Nigerian Youth. It is also aimed … Read more
For small scale entrepreneur to access any of the loans supported by the Central Bank (CBN), he must have undergone specific training at Entrepreneurship Development Centres or EDC which are certified by the apex bank. Also known as Entrepreneurship Development Institute (EDI), the centres are saddled with the mandate of developing entrepreneurship spirit among Nigerians. … Read more
Unbelievably, you need just N10,000 to become a SANEF agent provided you meet other eligibility requirements. For exited N-Power beneficiaries, the Central Bank of Nigeria WILL provide the takeoff capital for you. Gbam!…You become CBN-Certified Mobile Money Agent in your community. The difference between a super agent and an agent, we’ll tell you more in this … Read more
A lot of small business owners get confused when the Central Bank of Nigeria says it is supporting businesses with a loan. One of such is Agric Business, Small Medium Enterprise Investment Scheme. Some of them are quick to ask: How can I access a CBN loan? Will I have to visit the CBN branch … Read more
Do you know that there are loans that are specifically designed for women in Nigeria to build, expand, and grow their businesses? In this post, we’ll share with you funding opportunities for female business owners in Nigeria. If you want to stabilise the home, empower a woman, boost her business, support her financially in her entrepreneurial … Read more
Thousands of Nigerians have benefited from the Payroll Support Scheme, one of the funding programmes under the MSME Survival Fund On January 6, 2021, the Federal Government revealed 283,023 Nigerians had benefited from the programme. MSMEs is Nigeria’s Micro, Small and Medium Enterprises one the economic recovery plans after the COVID-19 pandemic. What Payroll Support Scheme Is About The Payroll … Read more
You’ve heard about the soft and collateral-free loan, SME, housing, car, and all kinds of funding for personal and corporate use? Usually, all kinds of funding fall into two major types of loans. Whether the funding is from the government, non-governmental organisation, or from a financial institution, they could be categorised as: Secured loan Unsecured … Read more
There are several loans you can access in Nigeria. But lenders or banks would make sure that you have verifiable data. This isn’t peculiar to only Nigeria, but it’s a normal standard in every part of the World. Apart from verifying you also known as knowing Your Customer (KYC) in the business world, banks want … Read more
If you don’t belong to a functional farmers’ cooperative, you are definitely missing out on a lot of funding opportunities. One of such is the Anchor Borrowers Programme Loan or ABP. The fact that the last update most of you heard about the agricultural loan was sometimes in July 2020, yet there are some modalities … Read more
At a meeting in Lagos on Thursday, November 25, 2020, CBN boss revealed that CACOVID raised N150 Billion for Youth Scheme while Aliko Dangote promised that Dangote Group will employ more than 20, 000 Nigerian youths soon The Central Bank of Nigeria (CBN) has unveiled the CACOVID N150 billion Youth Development Scheme Fund. CACOVID means Coalition … Read more
MarketMoni Loan Application Process & Requirements