BANK OF INDUSTRY LOAN APPLICATION

The Bank of Industry is the oldest bank and has a long history of providing financing to various industries. Their mandate has been to provide loan term loans for Nigerians to start their businesses, as well as to increase capital for SMEs and large and major businesses. You will be required to provide a perfect […]

Records have shown that those that rule the world today are business class of men and women. No employed staff of any organization can compete with businessmen or women in various types of business, especially businesses that have grown over time. When you are your own boss, you are open to a lot of benefits, […]

The apex bank issued a supervisory framework for payment service banks to intensify their operations and activities for financial inclusion https://guardian.ng/business-services/cbn-deepens-financial-inclusion-with-psb-supervisory-guideline/. The primary goal of the supervisory guidelines is to ensure transparency in their operations and customer protection. The Central Bank of Nigeria has also made it mandatory for payment service banks to comply. https://www.cbn.gov.ng/Supervision/Inst-PSB.asp […]

There has been a lot of tittle-tattle on the calculation of bank’s loan interest as whether the bank has over-charged you or you wish to know the amount of loan interest calculation before you apply for the loan. You may also want to know what will be your repayment amount week on week or month […]

According to history, women are business starters and possess some attributes, which distinguish them from men. These attributes are: Women in business pay more attention to both customers and employees and are more empathetic than men. Women outperform men in terms of productivity because they are more aware of their employees’ strengths and weaknesses. Women, […]

You must register your company with Corporate Affairs Commission After your registration with Corporate Affairs Commission, take the certificate and other registration documents to any commercial bank for account opening. After account has been opened, ensure you use the account for high lodgments and turnovers. You will also need to visit your banker to confirm […]

The Credit Bureau Association of Nigeria (CBAN) on the 1st July, 2021 stated that only four per cent out of the 40 million MSMEs in the country have access to credit in spite of all efforts by the Central Bank of Nigeria (CBN), credit bureaus, and financial institutions ( the most common of all is […]

Kemi Arodudu, a director in the Ministry of Industry Trade and Investments, disclosed that the federal government says it expects the forthcoming ‘EnjoyNigeria Expo’ to create 100,000 new jobs between 2021 and 2023 in the trade sector of the Nigerian economy on the 25th June 2021. Kemi Arodudu also noted that it would scale up […]

The Ministry of Youth and Sports Development has disbursed loans totaling N1.63 billion to 5,200 youth. The latest update provided to the Ministry by the NIRSAL Micro Finance Bank (NMFB), which disburses the loans, revealed this. The update also stated that it is ready to disburse funds to another batch of 25,000 youths as soon […]

The apex bank, Central Bank of Nigeria on the 23rd June, 2021 said they had concluded plans to distribute 27,000 metric tonnes of rice paddy directly to millers nationwide effective 24th June,2021.
The purpose of this initiative is to address the rising cost of rice across the nations. However, the move was undertaken with partnership with Rice Farmers Association of Nigeria.
The CBN and Rice Farmers Association of Nigeria had assured everyone that prices of rice will reduce drastically, once it is harvest time