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
One of the ways for a business owner to quickly achieve their entrepreneurial goals is to get access to a soft or an interest-free loan, but most of the financial institutions around the world make a profit from interest on a credit facility. However, some financial institutions are gradually embracing Islamic tenets of banking, luckily, … Read more
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
Part B, sections 18 to 54 of the Company and Allied Matters Act 2020 extensively outlines the key requirements for the formation and registration of companies in Nigeria and the roles of parties involved play. It’s imperative to note that before starting off, you must have read or consulted a certified agent of the Corporate … Read more
To many Nigerians, the Government Enterprise & Empowerment Programme (GEEP) was active before the 2019 general elections, not knowing that a lot of credit facilities are still going on across the country. You just have to connect with the right information. Another batch of the programme, according to the information we received from the National … 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 … 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 … Read more
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
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
Micro, Small, and Medium Enterprises (MSMEs) can never forget the economic effect of the covid-19 pandemic on their businesses. But the business policies of Nigeria’s apex bank are most likely to put smiles on the faces of such business owners going by the latest 27-page guidelines handed down by the Central Bank of Nigeria (CBN) … Read more
