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On 12 June 2016, online enrolment for N-Power Batch A beneficiaries commenced on the online registration portal. [7] The portal for registration was supposed to close on 25 July 2016, but was extended till 31 August 2016, allowing a total of 350,000 Nigerians to apply.
Nigeria's Conditional Cash Transfer program provides targeted cash transfers to the most vulnerable households with the long-term goal of lifting millions out of poverty. A monthly stipend of N5,000 ($13.89) is given to households in poverty-stricken communities along with an additional N5,000 for families designated as priorities or extreme cases.
The Ehsaas Rozgar Programme and Nojawan Rozgar Programmes aim to give soft loans of Rs10 million or interest-free loans of Rs200,000 for young business owners or youth attempting to start a business. Meanwhile, the Ehsaas Hunar Programme aims to give interest-free loans of Rs500,000 for new businesses owners to curb unemployment.
LECON Financial Services, formerly Leasing Company of Nigeria Limited, was established as a wholly owned subsidiary of Bank of Industry Limited (BOI), formerly Nigerian Industrial Development Bank Limited, (NIDB) in 1989. It was set up to augment the activities of BOI by providing ancillary facilities to loan beneficiaries of the bank. [27]
Secured term loans provide a lump sum of cash you repay with interest over time. This flexible type of loan works best for large purchases or investments where you know the costs.
Bankrate insight. As of March 2024, for fiscal year 2024, 29.9 percent of 7(a) loans were approved for $50,000 and under. New businesses with under two years of experience made up just 18 percent ...
Moniepoint (formerly TeamApt) is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015. In November 2024, Bayo Olujobi was appointed its Chief Financial Officer (CFO) to aid the bank's vision to improve financial inclusion ...
The Prime Minister's Youth Programme is a special initiative launched by the Pakistani government in 2013 - 2018. The Youth Programme comprised several schemes including Prime Minister's Interest-Free Loan Scheme, Prime Minister's Youth Business Loans, Prime Minister's Youth Training Scheme, Prime Minister's Youth Skills Development Scheme, Prime Minister's Scheme for Provision of Laptops and ...