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
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
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
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
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
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
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
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
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
The Bank of Industry (BOI) will soon open an application for the disbursement of N50,000 credit facility to 100,000 Micro, Small and Medium Enterprises (MSMEs) in Nigeria. Self-employed artisans are will not be left out as 300,000 of them will also get N30,000 loan which is under the supervision of the Ministry of Industry, Trade … Read more
Since the commencement of the ongoing COVID-19 Targeted Credit Facility (TCF), one of the critical questions some of the prospective applicants ask is: what is the interest rate of the CBN-backed NMFB loan? COVID-19 interest rate: 5%-9% per annum As you know, the credit facility is disbursed to applicants by Nirsal Micro Finance Bank (NMFB), … Read more
The official portal for the Central Bank of Nigeria (CBN) COVID-19 targeted credit facility application has reopened for fresh applications. In this post, we’ll share with you the simplest way to submit your application for the COVID-19 credit facility, if your first application wasn’t successful. Who the loan is designed for The credit facility is … Read more
The announcement by Nigeria’s apex bank in 2020 that stimulus package would be given to Nigerians who were affected by the impact of COVID-19 pandemic made NIRSAL Microfinance bank popular among Nigerians Popularly called NMFB, a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN), is at the forefront of disbursing loans … Read more
From Monday, February 8 to Sunday, February 14, 2021, we’ve published some of the best loans and funding opportunities on infomedian.com, if you missed any of them, we’ve got you covered by this recap. Starting from SEIFAC loan to what to do if your loan application was rejected and other top trending funding for small … Read more
Are you trying to apply for Survival Fund MSME Guaranteed Offtake Scheme? One of the issues you are likely to encounter is, “user does not have an organisation” The MSME Guaranteed Offtake Scheme gives you a one-time grant of N50,000 provided your company is registered with the Corporate Affairs Commission (CAC). It is one of … Read more