How To Get A Quick Loan In Nigeria
Think about it, you know that you have school fees to pay, you know when your rent will be due, you know you need to fix your car so you can drive to work comfortably, or you have been planning a postponed honeymoon and it’s over 10 years of marriage now – you still haven’t […]
Get up to 200,000 Naira with QuickCheck, No Collateral for Individuals & Micro Business Owners
QuickCheck has now made it possible for individuals and micro-business owners to access up to 200,000 naira in loans to attend to emergencies, implement your business ideas, scale your venture and settle extra expenses. No guarantor, no collateral, get a loan anytime anywhere from your phone, no queues, no journey to a bank branch, no […]
The Law & You: Tools Of Monetary Management And Control Of Banks
A bank is an establishment authorized by a government to accept deposits, pays interest, clear checks, make loans, act as intermediary in financial transaction, and provide other financial services to its customers. If a nation’s economy were a human body, then its heart would be the central bank. And just as the heart works to […]
Brands We Love: Zendvance
If there are any fixed facts about Nigeria’s financial system, it’s these two: there’s a huge demand for loans and a corresponding shortage of low cost funding sources. The banks, wary of losing their money to risky ventures, are charging double-digit interest rates and making other jaw-dropping requests of loan seekers. And when you’re a […]
App Of The Week: Quick Check Loans Application
The Quick Check Loans application was launched to make obtaining loans easier for Nigerians. The app lets you borrow money and pay at your convenience with the help of your smart phone. At the rate which financial needs arise on a daily basis, QuickCheck promises to ensure that you solve your money problems and get […]
Excessive Government Borrowing: A Few Thoughts on Chinese Loans
An unimaginable entourage of government officials stormed Forum on China and Africa Cooperation (FOCAC), China on September 1, jostling desperately with other African leaders for a share of $60 billion of badly needed funds for infrastructural development. The move was greeted with severe criticism in droves from the elites who opined the nation is gambling […]
SME 101: Do You Need Money for Your Business?
When asked, 3 out of 5 (would-be) entrepreneurs will tell you that raising money to fund their business idea is the reason they have not launched out. I beg to differ. Depending on the type of business you want to embark on, you really do not need millions of naira to start. Consider these: Save […]
Transfinancial: 3 Tips for Setting Your Inner Millionaire Free
Financial literacy should be taught as a subject in secondary school. Far too many of us grew up financially illiterate, with nothing in our curriculums that taught us about money. Transactional income was all we were prepared for; aim for a plum job, and have some savings. Yet the truth is that nobody becomes wealthy […]
Ultimus Holdings Set to Provide Funding to Qualified Businesses
Ultimus Holdings, a private equity and asset management firm, is interested in providing seed funding to qualified businesses through a vetting process. Interested individuals are expected to submit an updated copy of their Business Plan to investment[@]ultimusholdings.com between Thursday 9th August and Friday 31st August 2018. Following the vetting process by the company, businesses who […]
MarketMoni: An Interest-Free Loan for MSMEs
The Bank of Industry, through its MarketMoni program, is providing interest-free loans to microscale businesses. This funding package is part of the institution’s Government Enterprise and Empowerment Program (GEEP), initiated to provide financial aid to MSMEs and unbanked entrepreneurs. MarketMoni solves a major drawback suffered by small businesses: access to quick, low-cost lines of credit. […]
Did You Know? Online Platforms That Can Give You A Loan Without Collateral
Traditional financial institutions seldom lend without getting a guarantee that they won’t lose all their money if a borrower fails to repay their loan. Financial institutions usually request for collateral from would-be loan recipients, something they can hold on to just in case that recipient doesn’t fulfill their promise to repay after a mutually agreed […]
How To Get A NEXIM Bank Loan for Your Export Business
If you’re an exporter and you need extra funding for your business, you may want to try NEXIM Bank’s export loan facilities. But just in case you’re unsure what NEXIM is, a brief introduction follows. NEXIM Bank, that’s the Nigerian Export-Import Bank, is a government-backed financial institution which has a primary responsibility of providing financial […]
CBN Prohibits Loan Defaulters From Getting Further Credit
A circular has been issued to all deposit banks, development finance institutions and the Asset Management Corporation of Nigeria by the Central Bank of Nigeria, prohibiting them from granting credit facilities to loan defaulters. It stated, “The Central Bank of Nigeria (CBN) has noted with concern the impunity with which some borrowers default on […]
The Entrepreneurs Chronicles: Loans
Short VS Long Term Loans The term loan is not a strange word in business. As an entrepreneur, one way or the other you must have found yourself on the crossroads of wanting a loan of some kind, be it long or short term. Basically the word loan is money given which will be returned […]