Company Information

Get to know National Economic Reconstruction Fund

Established by the Federal Government of Nigeria under Decree No. 2 of 1989, the National Economic Reconstruction Fund (NERFUND) was mandated to bridge the gap in providing affordable medium to long-term capital to small and medium-sized enterprises (SMEs). The fund acted as a special-purpose vehicle to stimulate the growth of the real sector of the Nigerian economy. However, after years of operational challenges, including a high portfolio of non-performing loans, the Nigerian government officially approved its closure. In 2017, its assets, liabilities, and workforce were taken over by the Bank of Industry (BOI).

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National Economic Reconstruction Fund

Nigeria

Founded in

1989 (37 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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DFSA

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.