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December 11, 2023
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COVID-19 Loans: NIRSAL makes direct deductions from defaulters’ accounts

COVID-19 Loans: NIRSAL makes direct deductions from defaulters’ accounts

Loan defaulters on NIRSAL Microfinance Bank facility have experienced unexpected fund movement from their account balances as the bank activates the Global Standing Instruction (“GSI”) mandate for loan recovery. The action, which caught many recalcitrant…

Evaluating NIRSAL’s credit guarantor’s role to commercial banks

Evaluating NIRSAL’s credit guarantor’s role to commercial banks

With over N73 billion mobilised thus far into agriculture value chain while acting as facility guarantor to commercial banks, NIRSAL Plc is reinventing banks’ interest in agriculture lending, ABDULWAHAB ISA reports Prior to now, banks…

NIRSAL facilitates over N148bn finance for agricbusiness

NIRSAL facilitates over N148bn finance for agricbusiness

The Nigeria Incentives Base Risk Sharing System For Agricultural Lending (NIRSAL) has stated that it has helped in providing over N148 billion in finance and investments for agriculture and agribusiness. The Managing Director of NIRSAL,…

NIRSAL facilitates N30bn into agriculture value chain

NIRSAL facilitates N30bn into agriculture value chain

Notwithstanding impact of COVID-19 pandemic on business activities last year, the Nigeria Incentive-Based Risk Sharing system for Agricultural Lending (NIRSAL) was able to facilitate flow of over N30 billion into agricultural value chains from commercial…