What to Do When You Can’t Repay Your Loan: A Comprehensive Guide Falling behind on loan repayments can be stressful and overwhelming, but it’s a situation many people face. The key to managing the situation effectively is taking immediate action, communicating with your lender, and exploring options to resolve the issue. Here’s a detailed guide…

Complete Guide to Applying for the CBN Anchor Borrowers Loan The Anchor Borrowers’ Program (ABP) is an initiative by the Central Bank of Nigeria (CBN) to boost agricultural production, empower smallholder farmers, and ensure food security in Nigeria. The program provides loans to farmers at a single-digit interest rate, offering essential input, support, and market…

The energy sector plays a vital role in producing and distributing fuels, natural gas, and electricity while focusing on affordability, reliability, and sustainability. With operations in over 130 countries, TotalEnergies is committed to maintaining the highest standards of safety and environmental stewardship. The TotalEnergies International Master’s Degree Scholarship offers a unique opportunity for ambitious young…

The Federal Government has unveiled an innovative program aimed at boosting Micro, Small, and Medium Enterprises (MSMEs) across Nigeria through a ₦198 billion syndicated loan fund. Set to commence in the first quarter of 2025, the initiative is designed to promote entrepreneurship and foster economic development nationwide. Key Features of the Program Affordable Loan Scheme:MSMEs…

He expressed, “We have always believed that supporting the government’s nation-building efforts involves empowering the private sector to engage in activities that drive economic growth. I have attended several forums in the U.S., where Nigerian government officials, governors, and other state representatives have urged entrepreneurs to return hoome and invest in the country’s economy. “The…

Canada-Based Nigerian Academic to Support 100 Students with Passports for Global Scholarship Opportunities A Nigerian academic, Dr. Olumuyiwa Igbalajobi, currently residing in Canada, has launched a transformative initiative to assist 100 deserving students in obtaining their passports, an essential requirement for accessing scholarship opportunities abroad. This gesture is aimed at helping students who lack the…

How to Get LAPO Loans in Nigeria: Detailed Guide LAPO (Lift Above Poverty Organization) is one of Nigeria’s leading microfinance institutions, providing financial services such as loans to individuals, groups, and businesses, especially in rural areas. These loans are intended to support the economically disadvantaged in improving their livelihoods. Below is a detailed guide on…

Here are five platforms in Nigeria where you can secure a loan within 72 hours, including detailed information on conditions, application steps, and interest rates. Loan Amount: Up to ₦1,000,000. Interest Rate: Typically ranges from 1.5% to 5% per month, depending on your credit score and loan amount. Repayment Period: 1 to 12 months. Conditions:Must…

Ajuri Ngelale, the President’s special adviser on media and publicity, announced that the first phase of the program will target civil service employees before being expanded to the general public. Ngelale highlighted the importance of consumer credit in modern economies, noting that it enables individuals to improve their quality of life by purchasing goods and…

Sterling Bank and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have unveiled a N5 billion loan initiative to stimulate business growth. This loan program offers single-digit interest rates to support Nigeria’s small and medium enterprises (SMEs), providing essential financial resources for both startups and expanding companies. Through their collaboration, Sterling Bank and…

The goal of the program is to help communities in rural and economically disadvantaged areas utilize available resources to develop enterprises. These enterprises can create jobs, improve living standards, contribute to national growth, and address youth restiveness-related insecurity. The Bank aims to achieve this through the RAPID initiative, which provides financial support to nano, micro,…

“We had to move to an app to avoid human interference because almost everyone had a brother or a sister who tried to influence the process. So, it is better to register via the application, upload the Corporate Affairs Commission certificate, Tax Identification Number and other necessary documents. Once that process is fulfilled, the request…

Access Bank, Nigeria’s foremost banking institution in terms of customer base, has launched the “YouThrive” project with the aim of empowering 700,000 Micro, Small, and Medium Enterprises (MSMEs) in the country through a loan facility of N50 billion. Victor Etuokwu, Deputy Managing Director of Access Bank, revealed this development during a recent press briefing at…

The LSETF Loan Program is designed to provide affordable funding for small businesses in Lagos State, promoting growth, wealth creation, and employment. With a modest 9% annual interest rate, the scheme targets registered Lagos State business owners. Established by The Lagos State Employment Trust Fund Law 2016, the LSETF aims to combat unemployment by offering…

Youth Entrepreneurship Support Programme (YES-P)african-american-research-agency-coworkers-meeting-about-startup-project-financial-status-business-people-desk-company-office-finance-department-talking-about-marketing-expensesYOUTH ENTREPRENEURSHIP SUPPORT PROGRAMME (YES-P)The Youth Entrepreneurship Support (YES) Programme is BOI’s effort at addressing the worrisome phenomenon of youth unemployment in Nigeria by building the capacity of the youths and funding their business ideas. The YES programme is aimed at equipping young people with the requisite skills and knowledge to…

The Nigerian Federal Government Student Loan serves as crucial financial support for students pursuing tertiary education. Open to those enrolled in public universities, polytechnics, colleges of education, and technical schools, this comprehensive loan covers tuition, fees, and living expenses. Eligibility hinges on factors such as a family income below N500,000 annually, and the provision of…

SMEDAN has entered into a collaboration with Sterling Bank to extend a total of ₦5 billion in loans to small businesses throughout Nigeria. The loan facility features a favorable single-digit interest rate of 9%, enhancing its attractiveness for Nigeria’s NSMEs. The Memorandum of Understanding (MOU) was officially executed on November 22 at the SMEDAN Corporate…

Amazon loan is of the the easiest loans to get in Nirsal Microfinance Bank .Repayment is very flexible . Nirsal  Microfinance Bank is a National  microfinance Bank that that empowers Nigerian businesses.They were the channel through which  the federal Government  communicated federal government intervention funds such as covid-19 household , covid-19 SME, Nigerian Youth investment…

In a bid to uplift the lives of Nigerians and support their personal aspirations and endeavors, the Central Bank of Nigeria (CBN), in partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and several stakeholder banks, has initiated a program to offer accessible and affordable personal loans to Nigerian citizens. These loans…

In a bid to support and stimulate economic growth within Nigeria, the Central Bank of Nigeria (CBN) has joined hands with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and various stakeholder banks to launch an ambitious business loan initiative. This initiative aims to provide financial assistance to Nigerian entrepreneurs, especially those operating…

In a significant stride towards promoting homeownership and stimulating economic growth, the Central Bank of Nigeria (CBN) has joined forces with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and various stakeholder banks to offer mortgage loans to Nigerians. This initiative is aimed at addressing the housing deficit in the country and fostering…

                      United Bank Of Africa has come up with 7 new loans schemes which irrespective of your age , occupation or bank can access any of these loans . Below are the 7 UBA loans you can access , their requirements and moratoruim                                         PERSONAL LOAN DIRECT The UBA Personal Loan Direct is a…