CBN cautions microfinance banks against forex transactions and wholesale banking

The Central Bank of Nigeria has advised microfinance institutions against engaging in certain prohibited activities, including wholesale banking and foreign ...

Most Nigerian Households took loans for feeding purposes during the peri-COVID-19 era – NBS

Microfinance Banks record slow-down in loan growth

by Analysts Nairametrics

August 12, 2021

The latest drop is the first slow down recorded this year and since we started tracking the data.

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NDIC set to liquidate 42 Microfinance Banks

by Johnson Uche

December 20, 2020

NDIC is officially closing 42 MFBs whose operating licenses had earlier been revoked by CBN.

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Repositioning Microfinance banks to grow economy

by CSL Stockbrokers

March 20, 2020

CBN released an exposure draft guideline for the regulation and supervision of microfinance banks in Nigeria following a review of ...

parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

CBN releases new capital base, sanctions for Microfinance Banks in new draft guidelines

by Fakoyejo Olalekan

March 5, 2020

Microfinance Banks have received new revised supervisory and regulatory guidelines from the Central Bank of Nigeria

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

CBN issues disclaimer: Warns public to beware of false loan empowerment scheme

by Joseph Olaoluwa

August 28, 2019

@cenbank has issued a directive to the public to beware of people who send fraudulent messages under the guise of ...

External reserves, CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

CBN warns MfBs against hoarding as lenders begin to disburse N100, other lower notes

by Fakoyejo Olalekan

August 16, 2019

The CBN has warned the Microfinance Banks (MfBs) operating in Nigeria against hawking and hoarding of lower currencies.

The CBN Building, Abuja - capital inflows

CBN mandates microfinance banks to get 64 new customers per month

by Damilare Famuyiwa

July 3, 2019

@cenbank has set new targets for Microfinance banks in order to accelerate its financial inclusion strategy.

CBN warn banks against enforcing insurance covers on borrowers

CBN sets N50m minimum capital for Tier-2 microfinance banks

by Damilare Famuyiwa

March 19, 2019

Central Bank of Nigeria (CBN) has set a capital of N50 million for Tier 2 unit microfinance banks, while Tier 1 ...

Get a loan in 24hrs, no collateral, no plenty questions

Get a bank loan in 24hrs, no collateral, no plenty questions

by Emmanuel Abara Benson

March 1, 2019

Wthin twenty-four hours or even less, you can now get a loan from a Nigerian microfinance bank without even visiting ...

Tag: Microfinance Banks