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Tag "MicroFinance Banks"

CBN threatens to revoke licences of microfinance banks engaging in FX transactions

    CBN threatens to revoke licences of microfinance banks engaging in FX transactions

The Central Bank of Nigeria (CBN) has threatened to revoke licences of microfinance banks dealing in foreign exchange (FX) transactions. The apex bank issued the warning in a circular signed

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Immediate and long term sustainability for microfinance in the age of disruption

    Immediate and long term sustainability for microfinance in the age of disruption

Early in 2021, I granted an interview to a media platform. The last question of that interview session was about my advice to the operators and regulators of the microfinance

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Reps ask CBN to suspend recapitalisation of microfinance banks

    Reps ask CBN to suspend recapitalisation of microfinance banks

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the planned recapitalisation of microfinance banks (MFBs) until the economy stabilises and considered safe for a

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CBN revokes licences of 42 microfinance banks

    CBN revokes licences of 42 microfinance banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks (MFBs). The Nigeria Deposit Insurance Corporation  (NDIC) on Friday made this known in a statement

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Need smaller naira notes? You can now get up to N10k in microfinance banks as a non-customer

  Need smaller naira notes? You can now get up to N10k in microfinance banks as a non-customer

The Central Bank of Nigeria (CBN) says non-customers of microfinance banks can now exchange as high as N10,000 to smaller

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CBN revokes licences of nine microfinance banks in Niger

  CBN revokes licences of nine microfinance banks in Niger

The National Association of Microfinance Banks says that nine out of the 34 microfinance banks in Niger have lost their

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CBN revokes licences of 182 financial institutions

The Central Bank of Nigeria (CBN) has announced that it would revoke the operating licences of 182 other financial institutions

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‘Microfinance banks have impacted more lives than commercial banks’

  ‘Microfinance banks have impacted more lives than commercial banks’

Adegoke Elijah Adegbami, a financial management consultant who is also one of the pioneers in microfinance bank management in Nigeria,

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No more withdrawals from Jan 1, CBN tells microfinance bank customers without BVN

  No more withdrawals from Jan 1, CBN tells microfinance bank customers without BVN

The Central Bank of Nigeria says from January 1, customers of microfinance banks and other financial institutions (OFIs) without the

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Go cashless but pray against ‘network failure’

As the Central Bank of Nigeria’s (CBN) cashless policy takes effect nationwide from 1st July 2014, Nigeria’s electronic/ mobile money

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