NDIC set to liquidate 42 Microfinance Banks
NDIC is officially closing 42 MFBs whose operating licenses had earlier been revoked by CBN.
Tag: Microfinance Banks
Repositioning Microfinance banks to grow economy
CBN released an exposure draft guideline for the regulation and supervision of microfinance banks in Nigeria following a review of ...
CBN releases new capital base, sanctions for Microfinance Banks in new draft guidelines
Microfinance Banks have received new revised supervisory and regulatory guidelines from the Central Bank of Nigeria
CBN issues disclaimer: Warns public to beware of false loan empowerment scheme
@cenbank has issued a directive to the public to beware of people who send fraudulent messages under the guise of ...
CBN warns MfBs against hoarding as lenders begin to disburse N100, other lower notes
The CBN has warned the Microfinance Banks (MfBs) operating in Nigeria against hawking and hoarding of lower currencies.
CBN mandates microfinance banks to get 64 new customers per month
@cenbank has set new targets for Microfinance banks in order to accelerate its financial inclusion strategy.
CBN sets N50m minimum capital for Tier-2 microfinance banks
Central Bank of Nigeria (CBN) has set a capital of N50 million for Tier 2 unit microfinance banks, while Tier 1 ...
Get a bank loan in 24hrs, no collateral, no plenty questions
Wthin twenty-four hours or even less, you can now get a loan from a Nigerian microfinance bank without even visiting ...
CBN’s decision to establish NMB is counter-productive -NAMB
National Association of Microfinance Banks (NAMB), has called for full implementation of the National Microfinance Policy (NMP) in the application ...
Explained: This is why Micro Finance banks are skeptical about giving loans to businesses
In a recent discussion with journalists in Abuja, the President of the Micro Finance Bank Association and Chief executive of ...