Access Bank recently says it has over 70,000 as agents spread across Nigeria, disclosing that its aim is to reach unbanked and under-banked millions of Nigerians in communities and cities. What are the requirements to become Access Closa Agent in your community? Do I need millions of naira to register as POS agent? For Small … Read more
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
By the end of 2021, qualified women entrepreneurs in Nigeria will enjoy $50 million credit facility from the First City Monument Bank (FCMB) courtesy African Development Bank (AfDB). Founded in April 1982, The Nigerian bank is popular for its SheVentures, one of the special loans specifically designed for women entrepreneurs in Nigeria, loans for women can … Read more
Since the application for COVID-19 Targeted Credit Facility began, a lot of applicants who got loan offers have had to face the challenge of receiving their funds in their designated bank account. if you operate a tier 1 account, you won’t be able to receive funds beyond that limit. If your bank account can only … Read more
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. A business-minded undergraduate student can also explore the platforms … Read more
One of the key requirements in accessing some of the ongoing CBN loans is evidence of business registration with the Corporate Affairs Commission (CAC). Unfortunately, some applicants are having a problem verifying their registration on the CAC portal. Do you know that refusal to file an annual report may lead to CAC ‘sanction’ against your … Read more
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. The beauty of being a business owner is that you can … Read more
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. If you’re not a Lagos resident, you can the list of other finding platforms that … Read more
Most times, people apply for a loan and ask for the date of repayment without understudying the interest rate. It’s pertinent to note that a loan should be the last resort for your business It is very very important to know how to calculate loan interest: 1) to know if it is worth it, 2) … Read more
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. Remember, you need SMEDAN Unique Identification Number (SUIN) to access … Read more