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 …

What You Need To Know About Access Bank’s Stamp Duty Charge and Its Reversal

Following a social media outburst from its customers, Access Bank has opted to reverse the stamp duty charges applicable to transactions between February 1st, 2020, and April 30th, 2020. The stamp duty charge was reviewed from being charged on every deposit/transfer exceeding N1,000, to a N50 charge for every deposit or transfer that exceeds N10,000 …

How Pharmaceutical Companies Will Help Curtail Spread Of COVID-19

Some local pharmaceutical companies have been listed to engage in the intervention program organised by the Central Bank of Nigeria and the Bankers Committee to help mitigate the spread of the coronavirus disease (COVID-19). Each of these companies will be given a grant (a total of N3.5 Trillion) to enable them acquire the necessary equipment …