Accessing financial support either in form of a grant or loan is one of the challenges that most SMEs in Nigeria face. Small businesses need financial support for various reasons ranging from raising business capital to expanding it. Typically, if your business has less than 500 employees, it is regarded as an SME. So, if […]
If you are an SME owner in Nigeria and you don’t know about NIRSAL, you are missing a lot. This body presents SMEs in Nigeria with so many benefits. In this post, we will discuss NIRSAL, its mission and vision, its benefits, and how to get loans from them. About NIRSAL NIRSAL is an acronym […]
Funded by the Central Bank of Nigeria (CBN), the NYIF scheme was launched by the Federal Ministry of Youth and Sports Development (FMYSD) to provide investment loans to youths and youth-owned businesses in the country. Individuals or non-registered businesses can access up to N250,000 in funding while youth-owned registered businesses can apply for up to […]
In its efforts to attain food security, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has supported 2,872 farmers of various crops in the South-South region of the country under the Anchor Borrowers Programme designed by the Central Bank of Nigeria (CBN). Specifically, it is empowering 475 female farmers in Uyo for […]
The Central Bank of Nigeria (CBN), has waived the requirement for the provision of guarantors by Small and Medium Enterprises (SMEs) and households that applied for its N50 Billion COVID-19 targeted credit facility. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement, Monday, also assured all successful household and SME applicants that have […]
Boluwatife Okeowo Credit (loans) availability remains one of the most pivotal keys to building a sustainable enterprise. Businesses are funded by two major means; equity and loans. While it is most desirable to start and expand your business through equity, sometimes it makes more financial sense to take a loan to support the cash flow […]
