About the Program The Agricultural Development and Empowerment Program (ADEP) is a strategic initiative launched by the government to stimulate the growth and long-term viability of the agri-business sector. This program is designed to provide a comprehensive support framework for individuals and entities involved in the agricultural value chain—including cultivation, processing, and marketing of agricultural…

Overview of NMFB SME Loan The Small and Medium Enterprise (SME) Facility by NIRSAL Microfinance Bank (NMFB) is a short-term credit facility designed for small and medium-scale business owners who need working capital support. It targets existing traders involved in the sale of eligible products such as: Loan Purpose The loan is intended to: Loan…

NLNG and BOI Introduce Empowerment Loan Scheme for MSMEs in Host CommunitiesBy Olusola Blessing | April 21, 2025 In a strategic move to bolster local enterprise and stimulate economic development, Nigeria LNG Limited (NLNG), in partnership with the Bank of Industry (BOI), has launched an enhanced loan scheme tailored for Micro, Small, and Medium Enterprises…

a more detailed and elaborate version of the article on “5 Low-Interest Loans You Can Get Without Collateral in Nigeria”, including requirements, interest rates, repayment terms, conditions, and moratoriums (if any): 5 Low-Interest Loans You Can Get Without Collateral in Nigeria Access to affordable credit without collateral is a game-changer for many Nigerians, especially young…

Understanding the Amazon Loan The Amazon Loan is a special loan scheme by NIRSAL Microfinance Bank (NMFB) designed to support female entrepreneurs in Nigeria. This loan aims to promote women-led businesses by providing them with financial assistance under flexible repayment terms. Key Features of the Amazon Loan: Step-by-Step Guide to Apply for Amazon Loan from…

The National Council on Micro, Small, and Medium Enterprises (MSMEs) has established a high-level committee to collaborate with the Central Bank of Nigeria (CBN) and other financial institutions to enhance funding access for small businesses. This committee was officially launched on Tuesday at the Presidential Villa in Abuja during the council’s inaugural meeting for 2025….

How to Get a Loan from PalmPay: A Comprehensive Step-by-Step Guide Introduction In today’s fast-moving financial environment, digital loan services are becoming a preferred choice for many people seeking quick financial solutions. PalmPay, one of Nigeria’s leading digital payment and financial service platforms, offers users access to quick loans without the hassles of traditional banks….

Here’s a rewritten version of your content with a more engaging, conversational tone and a focus on making it more click-worthy and reader-friendly: Need Cash Fast? Here Are the 5 Best Platforms for Instant Loans in Nigeria (2025) Let’s face it—life in Nigeria can throw unexpected financial challenges your way. Whether it’s a medical emergency,…

If you need a loan of 1 million Nto 100 million Naira ,worry no more ,Access Bank has got you covered For your benefits, website links have been made visible and clickable: 1. Personal Loan Overview:This loan is designed for salaried individuals who need financial assistance for various personal expenses, such as home improvements, travel,…

The Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative by the Central Bank of Nigeria (CBN) aimed at providing financial support to Micro, Small, and Medium Enterprises (MSMEs) across various sectors. The scheme offers both interest-bearing and non-interest-bearing loan options, with the non-interest variant adhering to Islamic finance principles. This guide provides a…

Comprehensive Guide to Auto Loans in Nigeria: Banks Offering Vehicle Financing Purchasing a car in Nigeria is an investment that often requires financial assistance. Fortunately, numerous banks across the country offer auto loans designed to help individuals and businesses finance new and used vehicles. This guide will provide you with detailed information on commercial banks…

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…