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 …
Before the 2016 and 2017 batch beneficiaries of the youth empowerment programme were exited in 2020, there were calls from concerned Nigerians to find an alternative for them. They posited that pushing them into the labour market would defeat the objective of the programme. After months of deliberations and consultations, the Minister of Humanitarian Affairs and …
To enjoy government loans and funding in a bigger way, you need to show evidence of tax payment. It’s a WIN-WIN! To make this possible you must apply for Tax Identification Number. At some point when filling a loan form, you’re requested to fill in your TIN. In this guide, I’ll show you how to …
Key Requirements To Get Tax Identification Number In Nigeria Read More »
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 …
AGSMEIS Loan Business Plan: 8 Key Sections You Must Prioritize Read More »
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 …
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 …
33 Nigerian Banks Where You Can Get DBN Loan For Your Business Read More »
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 …
Those Who Accepted Our Loan Offers Will Receive Credit Alert – NMFB Read More »
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 …
15 Key Points To Include in CBN Gas Intervention Fund Application Read More »
Who received the N75Bn CBN loan? That is one of the questions on the lips of millions of Small and Medium Enterprises (SMEs) who applied but were not selected for the National Youth Investment Fund (NYIF) loan. The NYIF loan is an initiative of the Federal Ministry of Youth and Sports in collaboration with the Central …
Loan applicants under the Agri-Business Small Medium Enterprises Investment Scheme (AGSMEIS) since the beginning of August 2021, started receiving messages from the Nirsal NIRSAL microfinance bank about the status of the fund applications. What is Loan Decline? Loan decline is a situation whereby a lender feels your application for a credit facility doesn’t meet the required …