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An initial 24-hour curfew was imposed to halt all #EndSARS peaceful protests which were getting infiltrated and overtaken by thugs and hoodlums. Despite a curfew, several businesses and households suffered damages from violent acts like arson and vandalism across the country. To cushion the effect and help affected businesses, several corporations have offered helping hands …
Continue reading “#EndSARS: Recovery Funds and Business Support”
The TCF (Targeted Credit Facility) has now recorded over 80,000 loan applicants. However, there have been complaints by applicants of a delay in receiving loans. The Managing Director of NIRSAL Microfinance Bank Plc, Abubakar Kure gave reasons for this, stating that the nationwide lockdown and restrictions had been a major challenge to the smooth processing …
Continue reading “COVID19 Intervention Loans: Why Some Applicants Haven’t Received Theirs”
Find out how households, MSMEs, Corportate bodies can access CBN’s COVID19 Intervention Loans. Households, MSMEs and Corporate Entities. After confirming your eligibility status for the intervention loan, you will need to submit an application to NIRSAL Microfinance Bank. Your application must contain the following: BVN Number Business Registration Business Plan showing the opportunities or negative …
Continue reading “How To Access CBNs N50billion COVID19 Loan Intervention”
Agricultural Credit Guarantee Scheme Fund (ACGSF) The ACGSF began operations in April 1978, and was established by Decree No. 20 of 1977, with an original share capital and paid up capital of N100 million and N85.6 million, respectively. The Federal Government holds 60% while the Central Bank of Nigeria holds the other 40% of its …
Continue reading “CBN Intervention Programs Every AgriBusiness Owner Must Know”
The Central Bank of Nigeria (CBN) has set guidelines towards the availability of its N100 billion COVID-19 intervention loan for players in the health sector. This is a part of its policy measure initiated to help small business, households, and stakeholders through the pandemic. Here are the guidelines and implications for businesses in the health …
Continue reading “CBN Guidelines for N100billion Credit Support for Health Sectors”
To further its commitment to ensuring financial stability in the country, the CBN has provided support via policy measures to households, businesses, financial institutions and other stakeholders, to help lessen the economic impacts created by the pandemic. The policy measures are: EXTENSION OF MORATORIUM: Effective March 1, 2020, all and any intervention loans under moratorium …
