CBN Begins N50bn COVID-19 Fund Disbursement   NIRSAL Microfinance Bank has commenced the disbursement of the Central Bank of Nigeria N50bn Targeted Credit Facility. The Managing Director, NIRSAL MFB, Mr Abubakar Kure, inaugurated the disbursement of the fund on Thursday in Abuja. He said a total of 3,256...

N50bn CBN Loans To SMEs, Others End 2024     The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and Medium Enterprises and households aimed at cushioning the effects of coronavirus on businesses and the people. It also...

CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday   Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday. The fund, which is being managed by the NIRSAL Microfinance Bank, has received...

80,000 Apply For CBN’s N50bn COVID-19 Intervention Fund   Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications have so far been received from businesses and individuals. The Managing Director, NIRSAL Microfinance Bank, Mr Abubakar Kure,...

How To Access N50bn COVID-19 Intervention Fund – CBN     The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package...

COVID-19: CBN Lists Conditions To Access N50bn Intervention Fund   The Central Bank of Nigeria has listed the conditions that must be fulfilled by individuals and companies willing to access it’s N50bn intervention fund. The apex bank had last week unveiled the fund in response to the...