• How to access CBN’s N220 billion MSME fund

    How to access CBN’s N220 billion MSME fund16

    Last year we published the establishment of the CBN N220 billion MSME fund. Finally, the Central Bank of Nigeria (CBN) has published the procedure for accessing the N220 billion MSME fund. Find text below. 1.0 Is your business in any of the following areas? . Agriculture . Manufacturing . Cottage Industries . Artisanship . Services .

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  • CBN N220 Billion MSME Fund: Here are the 5 banks selected to disburse

    CBN N220 Billion MSME Fund: Here are the 5 banks selected to disburse13

    Last year we published ‘Entrepreneurs Can Now Loan N500k, N5m, N50m at 9% Interest From Nigerian Banks.’ It was a major breakthrough for SME financing as the regular interest rates were dropped by over 100% for entrepreneurs under the CBN N220 billion MSME fund. But the CBN initiative suffered a major setback as commercial banks

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  • Nigeria’s 220Bn MSMEs Fund Now Easier For Entrepreneurs To Access

    Nigeria’s 220Bn MSMEs Fund Now Easier For Entrepreneurs To Access1

    A N220 billion MSMEs fund that was re-launched last year by the Federal Government in Nigeria has just received a dose of better! With the recent development, it is now possible for Nigerians to get quicker and easier accessibility to it through their commercial banks. Aside that, priority would be given to people living with

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  • CBN N220Bn MSME fund: Jonathan kicks off disbursement

    CBN N220Bn MSME fund: Jonathan kicks off disbursement3

    ENTERPRISE54 – Today, President Goodluck Jonathan will begin the disbursement of the N220 billion ($1.3 billion) Micro, Small and Medium Enterprises (MSME) development fund to eligible entrepreneurs. The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, made this known Monday in Abuja at the 8th annual Micro, Small and Medium Enterprise Financing Conference

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  • Entrepreneurs Can Now Loan N500k, N5m, N50m at 9% Interest From Nigerian Banks

    Entrepreneurs Can Now Loan N500k, N5m, N50m at 9% Interest From Nigerian Banks12

    ENTERPRISE54 – Good times are here for Nigerian entrepreneurs and micro small and medium enterprise (MSME) owners. The days of high interest loans and inaccessible credit facility, is about to end. Tuesday 22nd July, Central Bank of Nigeria (CBN) reviewed the harsh guidelines that made its much anticipated N220billion ($1.36Bn) MSME Development Fund unattractive. The

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