Joshua Ukute, president of the National Association of Microfinance Banks, has reassured depositors that their money is secure despite the Central Bank of Nigeria (CBN) revoking...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has approved the cancellation of licences issued to 132 microfinance banks operating in Nigeria. Emefele...
The Central Bank of Nigeria (CBN) has issued a strong warning to all microfinance banks to desist from engaging in activities beyond their operating limits or...
The Nigeria Deposit Insurance Corporation (NDIC) has commenced verification exercise for depositors of failed 14 banks and 22 Microfinance Banks (MFBs). This was disclosed in a...
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of liquidating 42 microfinance banks, whose licences were recently revoked by the Central Bank of Nigeria...
Lately, there has been an increasing push by commercial banks, struggling towards the claimed achievement of financial inclusion across 36 states of the country. This has resulted to...
The microfinance bank industry recorded 5.2 percent decline in non-performing loans to N25 billion in 2018, from N26.18 billion in 2017. The industry, however, struggled in...
In a bid to tackle the challenges of inadequate capital in microfinance banks (MFBs) in the country, the Central Bank of Nigeria (CBN) has raised the...
The Central Bank of Nigeria (CBN) has again revoked the operating licenses of nine (9) microfinance banks in Niger State, the National Association of Microfinance Banks...
