MicroFinance Archives — City Business News

May 24, 2023 No Responses

CBN Revokes licences Of 132 Microfinance Banks

The Central Bank of Nigeria (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was...

May 6, 2022 No Responses

NDIC Begins Verification Of Depositors In Three Failed Micro-Finance Banks

The Nigeria Deposit Insurance Corporation (NDIC) is to commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twit...

July 15, 2020 No Responses

CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others

The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). In ...

March 18, 2020 No Responses

Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy. According to the bank Managing Director, this innovative product is par...

November 29, 2019 No Responses

DBN Holds Workshop For Executives Of Microfinance Banks

The Development Bank of Nigeria as part of its advocacy initiative has held a capacity-building programmeon Environmental & Social Risk Management practice for top executives of Microfinance Banks recently in Lagos. Giving his opening remarks, the Ma...