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 nature of the loan and […]

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 for which agricultural loans can be taken […]

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 makes a big difference. Before […]

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 economy, particularly those within 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 of Islamic finance The general […]

Bank of Agriculture (BOA) Limited is Nigeria’s premier Agricultural and Rural Development Finance Institution. 100% wholly owned by the Federal Government of Nigeria. The ownership structure is: – Central Bank of Nigeria (CBN) 40% Federal Ministry of Finance Incorporated 60%. Bank of Agriculture Limited is being supervised by Federal Ministry of Agriculture & also regulated […]

The daily decline in the Nigerian economy has driven the country to take agriculture more seriously than ever before. Irrespective of this public clamour for farming, a lot of farmers in Nigeria still have a large problem getting access to agric loans, despite the fact that the Central Bank of Nigeria (CBN) has allocated about 200 billion […]

National Housing Fund National Housing Fund (NHF) is a Federal Government introduced scheme, to which all public servants and employees in the organized private sector within the country are expected to contribute 2.5% of their monthly basic to The Federal Mortgage Bank of Nigeria (FMBN), managers of the fund. Employees of various corporations who are active contributors to the scheme, […]

PERSONAL LOAN This is designed for salary earners who require finance to meet urgent needs and other cash challenges. Features Facility Amount: Determined by 33.3% of take home, Subject to N5million Tenor: 12-36 months Repayment: Maximum repayment per month should not exceed–33.3% of net monthly salary (i.e. ‘take-home pay’) Security: Salary domiciliation, plus terminal benefits/gratuity domiciliation( as applicable) […]

SMART ADVANCE Smart advance is a product designed for individuals who require an advance before salary due date to meet urgent needs. Features and Terms Facility Amount: 50% of net monthly salary and Single obligor limit of N500,000 Tenor: The tenor for this product is 90 days Repayment: The monthly repayment in addition to existing repayment obligation(if any) […]