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SMEDAN and Bank of Agriculture (BOA) Open N5m Loan to Support Businesses

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA) are building synergy towards boosting the capacity of micro-businesses across the country with a Matching Fund Programme. A statement issued by the Corporate Affairs Unit of the agency in Abuja quoted the Director-General and Chief Executive Officer of SMEDAN, …

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Access up N3m from the N75Bn Nigerian Youth Investment Fund

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The Federal Government, through the ministry of youth and sports development, has launched a N75 Billion investment fund called The Nigerian Youth Investment Fund (NYIF) to empower young entrepreneurs to start and scale their business. The Nigerian Youth Investment Fund (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports …

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Apply for the Enugu SME Business Support Loan

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The Enugu State Government, through its SME Center, is offering collateral-free business loans to SMEs in the state. This SME Business Support Loan is being made available in collaboration with Lidya, a digital bank. The Enugu SME Center was set up to drive enterprise growth and job creation, and spur widespread economic development in the state. …

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What Banks Look for When Reviewing a Loan-to-Value Application?

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Every earning person wants to get a good home for himself. If you are financially sound, you can spend a large sum of cash and get your home in one go. Most people living in the UK do not go for this option because it is not that easy to implement. Hence, they opt for …

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Get Loans of up to N5,000,000 from LSETF Women’s Entrepreneurs Programme

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Are you a female entrepreneur in Lagos State? Here is another opportunity to expand and improve your business. The LSETF W Initiative is targeted women-owned businesses in Lagos State with at least 50% ownership share. The LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand, create wealth and …

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How I Got Instant Loan from GTBank Quick Credit

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I remember when I wanted to pay my office rent a few years ago, I wasn’t financial buoyant and I decided to approach two of the commercial banks that I have accounts with and I must confess that the whole experience was frustrating. Generally, as an SME or self-employed, to get loans from the commercial …

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Banks Begin Disbursement of Creative Industry Intervention Fund

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The Bankers Committee of the Central Bank of Nigeria on Thursday said it was set to commence the disbursement of funds under the Creative Industry Financing Initiative The decision to commence the disbursement of funds under the initiative was made at the end of the committee’s meeting held at the CBN headquarters in Abuja. Present …

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Zenith Bank CBN Creative Industry Financing Initiative (CIFI) Loan and How to Apply

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The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI) fund. You can get a loan of up to: a) N3 million for Software Engineering Student b) N30 million for Movie …

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GT Bank Receives N25bn Funding from DBN for Disbursement to SMEs

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Guaranty Trust Bank has partnered the Development Bank of Nigeria in disbursing loans to micro, small and medium enterprises (MSMEs). In a statement released by the bank, it said the DBN has provided N25 billion for disbursement to entrepreneurs. According to the statement, the funding is the single largest disbursement by the DBN to any …

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LSETF Small and Medium Enterprise Owners – Loans of up to N2,000,000 per Business

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The Lagos State Employment Trust Fund LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand, create wealth and put people to work. The loan scheme, which attracts only 5% interest rate per annum, is available to business owners who are registered residents of Lagos State. Requirements to Access …

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