An applicants can now follow how to update Nirsal TCF BVN & Status . The Central Bank of Nigeria (CBN) introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.
These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.
In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
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Who is Eligible to Update BVN, Check TCF Status?
1. Households
Households with verifiable evidence of livelihood adversely impacted by COVID-19
2. SMEs
Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic
Applicants can check their Beneficiaries Status Here, Update Nirsal TCF BVN
Reasons for NIRSAL Microfinance Bank – Nirsal TCF BVN & Status
NIRSAL Microfinance Bank (NMFB) is a Nigerian Financial Institution licensed by the Central Bank of Nigeria (CBN) to carry out specialized banking services. NMFB was incorporated as a Private Limited Company in 2019 and commenced operations, following the grant of a National Microfinance Bank license by the Central Bank of Nigeria, in the same year.
In addition to the inherent responsibilities of the national license, NIRSAL Microfinance Bank is primarily an Intervention Bank; a viable channel for the on-lending of special funds from the Central Bank of Nigeria to qualified citizens of Nigeria. The Bank is Owned 75% by the Bankers Committee, 15% by NIRSAL and 10% NIPOST.
Currently, NIRSAL Microfinance Bank has its headquarters in Abuja, with a network of 115 branches in all the states of the Federation.
Corporate Social Responsibility (CSR)
AFNALPA TREE PLANTING
As part of our corporate social responsibility, NIRSAL Microfinance Bank has partnered with the Association of Flower Nursery and landscaping practitioners, AFNALPA, in the planting of 10million trees valued at N1billion, across Nigeria.
President of the association, Mrs Mary Omoh told journalists that the harmful impact of desertification is already haunting humanity through excessive heat and atmospheric alterations currently being witnessed across the country, hence their slogan “Plant a tree and save a life”
NMFB was represented by Mr. Mohammed Moddibo and Head of Corporate Communications, Halima Lawal Idris Omar. The trees were planted at the Chief’s place at Apo resettlement.
