Food Bank Launched for Vulnerable Women in Lagos
Tender Hearts Foundation partners with FCMB to launch a food bank initiative in Lagos, aiming to combat hunger among vulnerable women and families. Discover how this partnership empowers communities.
Category : Search result: FCMB microfinance loans
SMEDAN Seeks CBN License for New Microfinance Bank
SMEDAN applies to CBN to launch a microfinance bank for direct SME funding. Agency also targets formalising one million businesses and unveiling a new MSME policy in 2026.
NELFUND Loans: N154.4bn Reaches 788,947 Students
Nigerian Education Loan Fund has disbursed over N154 billion in interest-free loans to students. MD Akintunde Sawyerr urges more applicants and explains reasons for failed applications.
NDIC Details N2m Payout for Failed Mortgage Banks
The NDIC has initiated a payout of up to N2 million per depositor for customers of Aso Savings and Union Homes. Learn about the verification process and what happens to balances above the insured limit.
CBN Revokes Aso Savings, Union Homes Licences
The Central Bank of Nigeria has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for failing to meet capital requirements. Learn the full details and implications for Nigeria's mortgage sector.
CBN revokes licences of two mortgage banks
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
NDIC Begins Liquidation of Aso Savings, Union Homes
NDIC starts liquidation of Aso Savings & Union Homes after CBN licence revocation. Depositors to get up to N2m via BVN. Learn the process for claims and payments.
NDIC Pays Aso Savings, Union Homes Depositors After CBN Revocation
The NDIC has started reimbursing depositors of Aso Savings and Union Homes after the CBN revoked their licenses. Learn how to claim your insured funds up to ₦2m before the deadline.
BudgIT: States Must Build Systems for Women's Empowerment
BudgIT calls on Nigerian states to replace ad hoc welfare with structured systems for women's economic empowerment. New report ranks all 36 states. Read the findings.
FCMB Named Nigeria's Best SME-Focused Bank for 2025
First City Monument Bank (FCMB) wins the 2025 Best SME Focused Bank award from CIBN, holding a dominant 24% of industry SME lending. Discover how they fuel Nigeria's top economic sectors.
$50m Credit Boost for Northern Nigeria MSMEs
British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.
FCMB AgriTech Hackathon 2025 crowns Qiqi Farms winner
First City Monument Bank (FCMB), FMO, and HeaveVentures conclude the AgriTech Hackathon 2025, awarding Qiqi Farms as the grand winner. Discover how this initiative boosts Nigeria's agricultural innovation.
Accion MfB Opens 75th Branch in Kaduna to Boost Inclusion
Accion Microfinance Bank strengthens financial inclusion in Northern Nigeria with its 75th branch in Kaduna. The expansion brings affordable banking services to entrepreneurs and small businesses.
NADF Infuses Insurance into Agricultural Loans
NADF signs MoU with Leadway Assurance and Verdure Climate to provide insurance packages for agricultural loans, enhancing climate resilience for smallholder farmers across Nigeria.
Cross River Clears 500 for SME Loans at 5% Interest
Cross River State approves 500 entrepreneurs for SMEDAN-Sterling Bank loans at 5% interest rate. Governor Otu's initiative aims to boost small businesses and economic growth across the state.
FSDH Bank disburses over N3bn to women entrepreneurs
FSDH Merchant Bank has disbursed over N3 billion in loans to women-led businesses over five years. Discover how this initiative is driving economic inclusion for Nigerian women.
5 Govt Loans & Grants for Nigerians Under Tinubu
Discover 5 government loan and grant schemes under Tinubu's administration helping Nigerians overcome economic hardship. Learn how to apply for NELFUND, CrediCorp, and more.
Nigerian sentenced for $290K COVID-19 fraud in US
Temitope Bashua, 29-year-old Nigerian, sentenced to 30 months in US prison for $290,000 COVID-19 relief fraud scheme. Learn details of the case and consequences.
FirstBank Lends N200bn to Nigerian SMEs in 2024
FirstBank has disbursed over N200 billion to Nigerian SMEs, tackling funding gaps with uncollateralized loans and business training to foster economic growth.
Former Anchor Sentenced in Massive COVID Fraud Case
Disgraced ex-TV anchor Stephanie Hockridge sentenced to 10 years for multi-million dollar COVID fraud scheme. Ordered to pay $64M restitution for fake PPP loans.
Lady's N16k Loan Becomes N365k Debt from Loan App
A Nigerian woman's N16,000 loan from a mobile app escalated to N365,000 repayment demand. Discover the shocking details and public reactions to this predatory lending case.
Fake Microfinance Bank Exposed by CBN in Nigeria
CBN warns Nigerians against Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kaduna, and Kano. Verify licensed MFBs before transactions.
Enugu Govt Starts Fencing ESUT After 19 Years
Enugu State Government has commenced the N1.4 billion fencing project for ESUT's Agbani campus after 19 years to boost security and prevent land encroachment. Read more.
CBN Warns Against Illegal Zuldal Microfinance Bank
Central Bank of Nigeria exposes Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kano, and Kaduna. Verify financial institutions on CBN website before banking.
NADF, BOA offer agricultural loans to women, youth
NADF partners with BOA and IDH to provide affordable agricultural loans targeting women and youth in Nigeria's cassava value chain. Learn how this initiative boosts food security and creates jobs.
Nigeria aims to cut $18M lapsed loans by 61%
Federal Government plans to reduce outstanding lapsed loans from $18 million to $7 million through new financial reforms and blockchain technology for World Bank projects.
FG Pays N10m Interest-Free Loans to Varsity Staff
Federal Government disburses N10 million interest-free loans to tertiary institution staff. Over 9,000 workers receive payments in first batch with 12-month moratorium.
Ekondo MFB Launches WaterCredit Loans with Partners
Ekondo Microfinance Bank partners with NAMB and Water.org to launch EKWASH and EKPURELYFE loan products, expanding access to water and sanitation facilities across Nigeria.
New Bank Lending Rates Released by CBN for 2025
Central Bank of Nigeria publishes updated lending rates for Access Bank, UBA, Zenith Bank and others. See the new prime and maximum rates affecting loans.
FG Launches Interest-Free Loans for Varsity Staff
Nigerian tertiary institution staff can now access interest-free loans through new federal government initiative aimed at improving welfare and academic excellence.
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