There are hundreds of Nigerians who have nice business ideas but are being impeded by a lack of access to financial support. And one of the coolest and cheapest ways to get capital for your business is to have access to grants or low-interest rate financing.
One of the key requirements in accessing some of the ongoing CBN loans is evidence of business registration with the Corporate Affairs Commission (CAC).
In a country like Nigeria where inflation takes most of the monthly salary, the desire to be self-made continues to grow among men (and women), as such, every man wants a small business they can do engage in to complement their source of income.
Lagos State Government recently said it had dolled out over N100 billion to Micro, Small, and Medium Enterprises. Research conducted by our team shows that the state government is massively granting loans to small business owners in the commercial city.
Most times, people apply for a loan and ask for the date of repayment without understudying the interest rate.
It is very very important to know how to calculate loan interest: 1) to know if it worth it, 2) if the loan would return more profit on investment to cater for the interest rate.
In the last 12 months, we’ve seen government commitment in the areas of financial supports for Small and Medium Enterprises in Nigeria. Nigeria’s government does this by making available SMEs loan opportunities and grants.
Here is a privilege to apply for BOA-SMEDAN matching fund programme and we’ll outline all the things you need to put in place before submitting your application for this loan to stand a chance of getting up to N5, 000, 000 to boost your business.
Are you an entrepreneur and not more than 30-year old? You could have your business in front of millions of potential customers around the world with the First City Monument Bank (FCMB) Flexxpreneur of The Month.
The management of Fidelity Bank through its SME Radio Forum has announced the launching of four new funding schemes to support Small Scale Enterprise (SME) and Medium and Small Scale Enterprise (MSME) in Nigeria.
After news filtered in today that the Senate has approved a loan of N2.3 trillion to fund the 2021 budget deficit of the President Muhammadu Buhari-led government, there was excitement among the 2016 and 2017 exited N-Power beneficiaries. Their excitement was hinged on the hope that part of the loan had been set aside for them.
Graduates from Nigerian universities will soon have access to low-cost loans to support their small businesses and will have the opportunity to expand and become employers of labour, the governor of the Central Bank of Nigeria (CBN) has promised. Godwin Emefiele made the promise at the 51st Convocation ceremonies at the University of Lagos on Monday, July 5, 2021.
When starting off a business, one of the things you will need is a business account which is also known as a corporate account. Apart from the fact that it allows you to manage a large sum of money, it also shows the seriousness of your business to a customer.
There have been worries over how beneficiaries of the NIRSAL loan can repay. Some of them say all efforts to repay the loan proved abortive. The first thing you need to pay attention to when taking a loan is the maturity date that is the due date for payment.
I applied for the SME loan on NIRSAL Micro Finance Bank (NMFB) portal in 2020, a few weeks after, all I needed was to head back to the portal to check if my application was successful. Unfortunately, hundreds of the CBN COVID-19 loan applicants don’t know that applying isn’t enough, but a constant check on the status of your loan is very important. So that you don’t miss out!
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 funds is Cassava Bread Development Fund.
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.
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 later figured it out.
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 few years ago, the Federal Government rolled out several loans to support small businesses across Nigeria. One of the fundings could only be accessible by SME owners who belong to cooperative society in their state of residence.
NIRSAL Micro Finance Bank (NMFB) has disowned members of his staff that are purportedly exploiting applicants of the Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS).