Government 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

FG Launches Free CBN-SANEF POS for Exited N-Power Beneficiaries Who Want to Be Mobile Money Agents

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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 … Read more

Key Requirements To Get Tax Identification Number In Nigeria

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Tax verification ID in Nigeria

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 … Read more

8 Key Sections of AGSMEIS Loan Business Plan You Need To Pay Critical Attention To

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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

Did You Receive AGSMEIS Loan Decline Message? Here Are The 3 Practicable Ways To Review Your Application To Get Approval For N3M or Less

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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 … Read more