The Central Bank of Nigeria (CBN) has introduced the Non-Oil Export Stimulation Facility (NESF) fund to diversify the revenue base of the economy and to expedite the growth and development…
Continue readingAfter identifying the huge financing gap which hinders the development of MSMEs, the Central Bank of Nigeria (CBN) as part of its developmental role and mandate of promoting a sound…
Continue readingIn furtherance of its pivotal role in providing funding to assist the critical sector of the Nigerian economy, the Central Bank of Nigeria (CBN) has introduced a Non-Interest Accelerated Agricultural…
Continue readingNIRSAL Microfinance Bank has announced the closure of the Targeted Credit Facility, otherwise known as the COVID-19 Loan application. The bank made the announcement was made via the loan application…
Continue readingNigeria banks have applied to the Central Bank of Nigeria (CBN) for permission to restructure 33% of their loans due to the fallout from the coronavirus pandemic and a slump in oil…
Continue readingThe Central Bank of Nigeria (CBN) and the Bankers’ Committee, created the Agri-Business/Small and Medium Enterprise Investment Scheme AGSMEIS Loan, as an initiative to support the Federal Government’s efforts in the promotion…
Continue readingIn 2019, the Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee developed a Creative Industry Financing Initiative (CIFI), also known as Creative Industry loan to boost job…
Continue readingThe Central Bank of Nigeria (CBN), is set to provide agricultural funding for about 1.6 million farmers during the 2020 wet planting season. The CBN stated it would support farmers…
Continue readingThe Central Bank of Nigeria (CBN) has released the guidelines for interested candidates to access funds under the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) grant. The Healthcare Research…
Continue readingThe Central Bank of Nigeria (CBN) has said it has approved the sum of N10.9 billion to 14,331 beneficiaries under the N50 billion COVID-19 Loan Targeted Credit Facility for Households and SMEs….
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