The Central Bank of Nigeria (CBN) has said all microfinance banks who fail to remit their monthly returns will be sanctioned. This is according to ...
The Managing Director and Chief Executive Officer (CEO) of the Yobe Microfinance Bank, Dr Sheriff Muhammad Ibrahim, has celebrated the bank's succ...
The National Association of Microfinance Banks (NAMB) has restated the commitment of the micro-lenders to intensify efforts to deepen financial inclus...
About 500 licensed Microfinance Banks (MfBs) under the aegis of the National Association of Microfinance Banks (NAMB) have urged the Central Bank...
The Governor of Borno State, Governor Babagana Zulum has directed the State Ministry of Finance to quickly establish branches of existing microfinance...
Abdulateef Husseni, a financial expert, has revealed that microfinance banks were the major driving force for financial investments in Nigeria in 2022...
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that its liquidation activities involved about 467 insured banks with a view t...
Gabysyn Microfinance Bank has announced its approval by the Central Bank of Nigeria (CBN) to operate as a Microfinance Bank in Ikorodu, Lagos. Gabs...
According to World Bank, the number of Nigerians with accounts at regulated institutions such as a bank, credit union, microfinance institution, post ...
An education loan product has been launched by Advans La Fayette MFB Limited, a microfinance bank supporting small businesses, in order to assist scho...
The commencement of claims verification of depositors of three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of...
Lending and borrowing money for business is as old as business itself. But it is inherently problematic. As man continues to advance in business techn...
The Central Bank of Nigeria (CBN) has stated that it will apply severe sanctions on Microfinance Banks (MFBs) that engage in foreign exchang...
Microfinance Banks (MFBs) grew the most ever loan book in the first quarter (Q1) of 2021 amid struggles to meet the recapitalisation deadline by ...
Forty-two Microfinance banks are heading out of business as the Nigeria Deposit Insurance Corporation (NDIC) is set to liquidate them after conducting...