Some Micro Finance Banks in Nigeria may liquidate – Niger HOS
Out of the eight hundred and seventy six micro finance banks in Nigeria about five hundred and and twenty may not cope with the Central Bank of Nigeria CBN recapitalisation…
CBN Limits Microfinance Banks Loan At N1m Per Transaction
The Central Bank of Nigeria (CBN) has pegged the maximum loan limit for Microfinance Banks (MfBs) at N1 million per transaction. The apex bank gave this directive in a circular…
FG Unbundles NIPOST Into Microfinance Bank, Courier Service
Federal Government has unveiled plans to unbundle the Nigerian Postal Service (NIPOST) into a courier service, microfinance bank among others. The Minister of Communications and Digital Economy, Isa Pantami, disclosed…