How Moniepoint customers can check eligibility for FG’s N50,000 relief support
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Nairametrics
Reported by Samuel Daniel
Thu, 5 Nov 2026, 11:38
Photo courtesy of Nairametrics · Verified via News Stand NG
Source Attribution: Nairametrics
News Stand NG operates under ethical news aggregation guidelines. Source: Nairametrics. To read the unabridged investigative reporting and full gallery, visit the original publication.
Moniepoint Microfinance Bank has announced that customers can now check their eligibility for the Federal Government’s N50,000 National Emergency Relief and Stabilisation Intervention (NERSI) and receive the funds through its USSD banking channel. Olofin urged customers to remain vigilant and use only the bank’s official USSD code when checking their eligibility or accessing the funds.
Context & Background
✦The bank said eligible customers can check their status by dialling *5573*27# from their registered phone numbers and selecting the option to check eligibility.
Key Figures & Named Entities
$300 million:Top 10 Nigerian insurers that paid the most claims in 9M 2026Chinese regulatory inquiry forced OPay to halt $300 million US IPO – ReportPortfolio investments provide liquidity, pave way for deeper foreign capital – Oduwole The bank said the service comes at no additional cost, adding that beneficiaries do not need extra documentation or third-party assistance to access the funds.2026:Nairametrics reported in October 2026 that the Federal Government had disbursed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, according to the World Bank’s latest Nigeria Development Update.2026:In February 2026, Nairametrics also reported that millions of vulnerable households remained unreached despite the government’s substantial allocations to social intervention programmes in 2025.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Moniepoint Microfinance Bank has announced that customers can now check their eligibility for the Federal Government’s N50,000 National Emergency Relief and Stabilisation Intervention (NERSI) and receive the funds through its USSD banking channel.
✦Olofin urged customers to remain vigilant and use only the bank’s official USSD code when checking their eligibility or accessing the funds.
✦The bank said eligible customers can check their status by dialling *5573*27# from their registered phone numbers and selecting the option to check eligibility.
Key Facts:$300 million: Top 10 Nigerian insurers that paid the most claims in 9M 2026Chinese regulatory inquiry forced OPay to halt $300 million US IPO – ReportPortfolio investments provide liquidity, pave way for deeper foreign capital – Oduwole The bank said the service comes at no additional cost, adding that beneficiaries do not need extra documentation or third-party assistance to access the funds.2026: Nairametrics reported in October 2026 that the Federal Government had disbursed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, according to the World Bank’s latest Nigeria Development Update.2026: In February 2026, Nairametrics also reported that millions of vulnerable households remained unreached despite the government’s substantial allocations to social intervention programmes in 2025.
Editorial Excerpt
Moniepoint Microfinance Bank has announced that customers can now check their eligibility for the Federal Government’s N50,000 National Emergency Relief and Stabilisation Intervention (NERSI) and receive the funds through its USSD banking channel.
Frequently Asked Questions About This Story
What is the key takeaway from this report?
Moniepoint Microfinance Bank has announced that customers can now check their eligibility for the Federal Government’s N50,000 National Emergency Relief and Stabilisation Intervention (NERSI) and receive the funds through its USSD banking channel.
What additional context is highlighted in this report?
Olofin urged customers to remain vigilant and use only the bank’s official USSD code when checking their eligibility or accessing the funds.
What timeline or key figures were confirmed?
Top 10 Nigerian insurers that paid the most claims in 9M 2026Chinese regulatory inquiry forced OPay to halt $300 million US IPO – ReportPortfolio investments provide liquidity, pave way for deeper foreign capital – Oduwole The bank said the service comes at no additional cost, adding that beneficiaries do not need extra documentation or third-party assistance to access the funds.
