![CBN Opens Covid-19 New Round of N25 million stimulus package [Apply]](https://www.tekedia.com/wp-content/uploads/2021/03/application-768x432.png "CBN Opens Covid-19 New Round of N25 million stimulus package [Apply]")
The Central Bank of Nigeria has reopened the Targeted Credit Facility portal for fresh applications. It was announced via a tweet. You can apply here. Interest rate under the intervention is 5% p.a. (all inclusive) up to 28th February 2021 and thereafter, the interest on the facility will revert to 9% p.a. (all inclusive) as from 1st March 2021. Working capital will be for a maximum period of one year, with no option for rollover. Term loans have a maximum tenor of not more than 3 years with, at least, one-year moratorium.
Households: Can access a maximum of N3 million
Loan amount to SMEs shall be determined based on the activity, cashflow and industry/segment size of beneficiary, subject to a maximum of N25 million.
Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026): big discounts for early bird.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab: From Technical Design to Deployment (next edition begins Jan 24 2026).
Working capital shall be a maximum of 25% of the average of the previous 3 years’ annual turnover. (where the enterprise is not up to 3 years in operation, 25% of the previous year’s turnover will suffice).
COVID-19 TARGETED CREDIT FACILITY APPLICATION REOPENED FOR FRESH APPLICATIONS.
TO APPLY, KINDLY USE THE LINK BELOWhttps://t.co/IrtBAfafY3 pic.twitter.com/iV2UUfb0JR— Nirsal Microfinance Bank (@NirsalMFB) March 8, 2021
---
Connect via my
LinkedIn |
Facebook |
X |
TikTok |
Instagram |
YouTube
Sir, can you please help give update on USA or any European schools (University) that offer scholarships for first degree and master programs.
Thanks for the information on the CBN credit facility
That is good, I need 5million naira for my business, covid messed everything up
I need to apply
Pls help boost my business after covid things are bad
We could biuld this business together, let’s work hand to hand and boost the bisness