Early this month, the Central Bank of Nigeria revealed that it will set up a Micro Finance Bank to enable Small and Medium Enterprises to access more fund easily. It was even more of a cheering piece of news that the loans would be issued at five per cent interest rate and without collateral.
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EcobankPay eases loan access for SMEs – Ecobank MD - Vanguard News NigeriaManaging Director Ecobank Nigeria, Patrick Akinwuntan, has stated that SMEs who embrace the EcobankPay app stand a good chance of easily accessing business loans from the bank. Akinwuntan made this known during the launch of EcobankPay Zone at Amu Market in the Mushin area of Lagos on Tuesday.
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