Running a business is hard. But what’s even a lot harder is getting a bank or financial institution to provide you the required funds needed to grow your business. In Nigeria, securing a loan or credit facility is a lot more difficult than many other places around the world, because […]

Salary Advance: Many microfinance banks give loans to individuals against the value of their salaries. If you run a small side business but still work for an organization, you could approach micro finance banks like RenMoney and co. to get a loan, which you could then use to finance your short-term […]

Agricultural development has been a matter of serious concern to the Nigerian government. The need to augment the country’s domestic products through agriculture thus cannot be overemphasized. Many countries in the world have developed their economy to enviable degrees by cultivating lands and monetizing the products. This puts a challenge […]

A personal loan can be a great way to get the cash you need to consolidate debt, finance a home improvement project or make a large purchase. The average interest rate on a two-year personal loan is around 10.6 percent, according to the Federal Reserve, compared to the average credit card interest […]

Owning a car is a huge achievement in the life of most people. It is sometimes a measurement of one’s progress in business or career. However, in many cases, you don’t have to get all the money you need in one lump sum before you can own a car of […]

A bank loan is a form of credit which is extended for a specified period of time, usually on fixed-interest terms related to the base rate of interest, with the principal being repaid either on a regular installment basis or in full on the appointed redemption date. Depending upon the […]

Agriculture loans in Nigeria are loans meant for a wide range of agricultural and farming purposes. Farmers are supposed to apply for loans to buy supplies for the cultivation of food grain crops along with other purposes such as horticulture, animal husbandry, aquaculture, and floriculture and sericulture businesses. Others purchases […]

Paying for a music career is just about the hardest part of keeping the whole thing going. Musicians, record labels, music managers, promoters, and agents all face a constant battle of completing their projects while paying the bills. But how you get your music business funding and what you do with the money […]

National Housing Fund (NHF) is a Federal Government introduced scheme that mobilizes long-term funds from Nigerian workers, banks, insurance companies and the Federal Government to advance loans at soft interest rates to its contributors. The scheme was established by Act 3 of 1992 to enable Nigerians in all sectors of the […]

Islamic finance encompasses a broad range of financial products that are structured in compliance with Islamic law (Shariah). There are, however, diverging views amongst scholars and Ulama on the type of transactions that are permissible as Shariah compliant. Islamic finance in Nigeria is provided by a few niche lenders. Principles […]