Loans
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What is credit insurance and whether it should be waived
Read More »Credit insurance is an additional service offered by lenders or banks to protect the borrower from financial risks in case of non-payment of the loan for various reasons. Credit insurance can include several types of protection: Job Loss Insurance: If you lose your job due to circumstances beyond your control (e.g., being fired without your …
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What is more favourable: a loan with or without insurance
Read More »The question of whether a loan with or without insurance is beneficial depends on your specific circumstances, your financial capacity and the risks you are willing to take. Let’s look at both sides of this question: A loan with insurance: Protection against accidents: Insurance can protect you and your family if you lose your ability …
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SURVIVAL FUND: FG Opens The Registration Portal, Apply Now
Read More »The Federal Government of Nigeria has created and opened a public portal for Survival Fund registration (#SurvivalFundNG). This was announced on the official Twitter page of Nigerian Government and the package is established to support mini/small business in the country. As the portal for registration of prospective beneficiaries of Survival Fund opens today …
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How To Apply For CBN 50B Loan For COVID-19 Intervention
Read More »The Central Bank of Nigeria (CBN) has launched a Covid-19 Intervention loan of N50 Billion to support Nigerians and Businesses, see how to apply. COVID-19 intervention loan. In line with the ongoing world deadliest pandemic of our time, citing damages and losses suffered by businesses and lockdown has led the Central Bank of …
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CORONAVIRUS: GTBank Stops Repayment Of Loans For 90 Days
Read More »Guaranty Trust Bank also known as GTBank has announced its hold on loan repayment for all small and medium enterprises (SMEs) due to Covid-19 Pandemic. GTBank of Nigeria has placed a hold on its loan repayment plan for all Small and Medium Enterprises (SMEs) that have obtained credit facilities from the bank. The …