It was incorporated in 2019 and granted licence to operate in same year. You may contact him via his email- [email protected], I was called to come and sign the offer letter since Monday 11/05/2020 at their Abeokuta office and also account opening documents and as of today 20/05 /2020 no funds, no updates and no account number. How will applied for the cbn loans please? Nirsal Microfinance Bank (NMFB) has urged beneficiaries to start paying their A Quick Look At NIRSAL Microfinance Bank The name NIRSAL is an acronym for Nigeria Incentive-Based Risk Sharing System for Agricultural Lending. NISRAL are not sincere in their dealings,reason why this country refuse to move forward. The bank … Thank you, Hi bro i hv thesame misktake too hv u Find a solution to your broblem. AXA Mansard Plc projects N2.9 billion profit in Q2 2020. Insecurity: Ortom urges FG to resume 10,000 annual police recruitment. NIRSAL MICROFINANCE BANK Access Target Savings Accounts is for MSMEs and Individuals who wish to save regularly for a certain period to accomplish a purpose i.e shop rent, buy goods, purchase equipment, for festivities etc. Taraba state applicants are yet to receive invitation for interview. Please do so before close of business 15/02/21 otherwise the funds will be recalled. COVID-19, (Nirsal Loan ) Get Up To N25 Million Loan From Federal Government. A lien is put on the account with limited withdrawals by the account holder based on his instructions. We are proud of your work sir may God continue help the organization yours umar Mohammed from Maiduguri, I have receive mail for more than 3 times yet to forward my lian. Our Mission is to help in building a better Nigerian society by facilitating social change, political integration and economic development. Ifeanyi Onuba, Abuja NIRSAL Microfinance Bank has commenced the disbursement of the Central Bank of Nigeria N50bn Targeted Credit Facility. He also disclosed that NIRSAL Microfinance bank had received N5 billion from CBN for about 5,000 applicants and they hoped to disburse about 90% of that in a few weeks to come. Okomu Oil projects a 37% decline in profit for Q2 2020. Thank you. The bank is located in the old post office building along Barracks road in Arochukwu urban area.Central Bank of Nigeria, in 2019, licensed the bank to operate as a national microfinance bank with branches in most of the local government areas of Nigeria. Why make stringent measures. NIRSAL Microfinance bank as well as the customers. This site uses Akismet to reduce spam. The statement read: “The attention of the management of NIRSAL Microfinance Bank has been drawn to some unethical practices being perpetrated by individuals disguising as its staff or agents, demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19 Targeted Credit Facility or the AGSMEIS Loan. Whistle Blower. [BREAKING] CAMA: CAN drags FG to court However, because of the lockdown and the restriction of people, there have been delays. @oshiobrigde, please are you saying you have been credited? Shuaib added that if the brand is not safe and efficacious enough in protecting people against COVID-19, it would not have been endorsed by WHO and no country, including Nigeria. The loan is for northerners. Will be waiting for your reply sir. In a statement shared via Twitter, the disbursing financial organization, NIRSAL Microfinance Bank stated that COVID-19 targeted credit facility application reopened for fresh applications. On Monday, 23rd December 2019, Nirsal Microfinance BankArochukwu formally opened for business. We have not received any official report of serious adverse effects from any of those who have been vaccinated. since November 24 update never receive anything sir. he also disclosed that All the identified priority groups are being vaccinated with the first dose of the vaccine and the second dose will be in 12 weeks. The Central Bank of Nigeria (CBN), and the Nigerian Postal Service (NIPOST), have started making plans to build a National micro-finance bank with pilot projects in six Geo-political zones and the Federal Capital Territory (FCT), Abuja. NIRSAL 15% Shareholding. Thanks to NMFB. President, Nigerian Guild of Editors, N100bn Needed To Revive Cotton, Textile, Garment Sub-sector–Emefiele, NYSC raises the alarm over online scammers, adverts, Louis Okoroma, Media Aide to Atiku is dead, Catholic Church Says No to Same-sex Unions, LUCKY ESCAPE: No death, as Container crushes three vehicles, one tricycle, Unemployment hits Nigerians, Over 23 million jobless – NBS, Sanwo-Olu Approves 21-Year Jail Term For Cultists, Signs Bill Into Law, WTO will support Nigeria, Okonjo-Iweala assures President Buhari. Up till now, no communication between the microfinance bank and I. this loan is real but meanly for some group or tribe best known to them. My God helping the organization, sir I registered since January but yet now didn’t gate the any respond neither this nor that, Good mmorning sir I want apply the CBN loan due to the this pandemic I lost most of my capital and now I am about to go down while I have 3 boys under me. You are fully aware that this loan is for a short term. Lockdown around Kano, Lagos, Port Harcourt, and incidentally Kaduna and they constitute a significant part of the applicants that applied for the loans. He disclosed that the nationwide lockdown and restrictions had been a major challenge to the smooth processing of the facility. He said the most important thing to consider in the approval was the cash flow and the ability to pay back the facility. Is it not supposed to be a soft loan to help boast the economy. News. He also disclosed that NIRSAL Microfinance bank had received N5 billion from CBN for about 5,000 applicants and they hoped to disburse about 90% of that in a few weeks to come. The application for 2020 which run for three months was closed at the end of June 2020, the CBN said over 80,000 families and households benefitted from the 2020 credit facility. First, let’s make it clear to you that www.nmfb.com.ng is the official portal of NIRSAL MicroFinance.. The happy news is that these constraints on the operation of the micro finance bank were substantially addressed by Nirsal Microfinance bank and I will explain shortly. Videos. The right step in the right direction. According to Kure, “You are all aware of the lockdown across the country and major cities. So customers are unable to even come to sign the documentations and customers are even unable to get guarantors.”. Waiting for nirsal call. The Nigerian Postal Service (NIPOST) 10% Shareholding. The Governor of CBN, Mr. Godwin Emefiele, disclosed this on Wednesday at Gwagwalada, Abuja while on a facility tour of […] I got the above message and don’t know what I am supposed to do. Thank you, PLS sir when is the deadline for this loan. I apply the loan one month ago i no see massege. Who will agree to guarantee such loans at this time. But let them speed up there transactions. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); (adsbygoogle = window.adsbygoogle || []).push({}); Access our Live Feed portal for the latest company earnings as they drop. LASACO Assurance Plc projects N205.13 million profit in Q2 2020. Custodian Investment Plc forecasts a 62% increase in profit for Q2 2020. It is well. We are on the same page… No response from then over a month now. This is great. This disbursement from the apex bank was collaborated by CBN’s Director for Development Finance, Yusuf Yila, who said that they had disbursed N5 billion for 5,000 applicants through the NMFB. Press Releases. Sir I have resived my compermation since 9 october 22 october i yate to see my alart sir what is the problem? It is well, the whole process is taking too long.Some much delay in sending reply to enable an individual know if he or she qualified. Our economy is already bad and you putting strict measures so that nobody will get it and you end up getting it to your people only. NIRSAL Microfinance Bank (NFMFB) has warned the general public about some individuals parading as its agents and staff thereby collecting illegal fees to process loans. Note: We will never ask you apply any money for any recruitment update on this website. Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. The buildup is expected in a few days to come.”, (READ MORE: IMF approves $1 billion for Ghana to fight COVID-19). Nirsal microfinance are guilty of fake news. Nigeria’s Covid-19 death cases surpass 2000, Update: Health Minister states side effects of COVID-19 vaccines. I want to register the site is not going Sir please can you help me to continue my business thanks. We send emails to those who have email accounts, we print their offer letters, send back to them, do the documentations and they are able to drawdown. The establishment of the Nirsal Microfinance bank is justified by the following reasons; currently very few existing national microfinance banks have national reach to rural communities in Nigeria. Thanks for reaching me. ‘’The most important thing is about the lockdown and that’s why the credit facility was created. I have apply and certifed and i have submitted my account.i want to know why UBA Applicants on the loan have not be credited but Access and GTB have been credited . This disbursement from the apex bank was collaborated by CBN’s Director for Development Finance, Yusuf Yila, who said that they had disbursed N5 billion for 5,000 applicants through the NMFB. We believe that the free flow of news, information and ideas on Nigeria will contribute to these ideals and objectives. He has worked in research and marketing departments of three top commercial banks. “As you are aware, AstraZeneca/Oxford COVID-19 vaccines have been distributed to all states and the first phase of our vaccination focusing on frontline health workers and others on essential duties have begun in earnest,” he said. This development was disclosed on the bank’s Facebook page Monday, urging interested applicants to apply for the loan. However, it did not start operations till 2019. Hello sir/ma, I got an loan approval few weeks now and am yet to see the alert pls what can I do. I applied for the loan, but people around believe that is the usual Nigerian thing, that I was just wasting time. The management of Nirsal Microfinance Bank has warned the general public to be wary of unscrupulous elements who disguise as staff of the bank to help unsuspecting members of the public to secure COVID-19 targeted loans. News and Media. Thanks for ur wonderful job, but lam really disappointed in d whole thing l ve received offer since two weeks yet no money, pls do the needful and pls for once let’s act according to expectations, help this country to grow and promote the dreams of everyone living in it,help everyone to grow back their businesses,pls Nirsal do the needful. In a statement on Monday, the bank, owned by Central Bank of Nigeria, Bankers Committee and NIPOST said its attention was drawn to unethical practices being perpetrated by individuals disguising as its staff or agents, demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19 Targeted Credit Facility or the AGSMEIS Loan. Nirsal Microfinance Bank which has its head office in Abuja is a national micro-finance bank set up by the CBN to assist farmers and those in the agric value chain have access funds with little interest rate. Registered under smse. The loan initiative was launched by the Central Bank … This was also compounded by the inability of some of the applicants to secure guarantors. However, as part of the solution to this challenge, Kure said the bank was trying to enlighten the customers about other channels of payment like mobile applications and the USSD. All Content + All Content. He also disclosed that the households constituted about 65% of the applications that were received. Chike is a senior member of the Nairametrics Editorial Team. The Central Bank of Nigeria wholly owned Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has unveiled its new national MicroFinance Bank (MFB) with branches in … The NMFB boss, while explaining, also encouraged qualified individuals to come forward and guarantee the approved applicants because they had viable businesses. Consumption of illicit drugs a major problem in Nigeria – NNPC GMD. Videos. He said that those that we’re able to finish their documentation and sign offer letters, a fundamental aspect of the loan, could drawdown. If you look at the full meaning of the name NIRSAL, you may be quick to think that only small agricultural businesses qualify to apply for loans from this microfinance bank. I apply late June does it mean I was not among the chosen one, I am an undergraduate who is is trying to create impact in the society but due to covid19 my unisex shoe and bags biz’s fall and right now I need help to continue my biz thanks. Dear Applicant Please ,help me ,how can i apply for the loan? Press Releases. What’s going on? NIRSAL Microfinance Bank has warned unsuspecting Nigerians against patronising fraudulent persons who pose as its agents or staff, with the actual motive of scamming them. He said that the ones that had been evaluated were very successful SMEs with the capacity to pay back. Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox.