COVID19 Intervention Loans: Why Some Applicants Haven’t Received Theirs

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 …

How To Access CBNs N50billion COVID19 Loan Intervention

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 …

The CBNs Policy Measures Set To Aid Businesses, Households and Other Stakeholders Through the Pandemic.

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 …