ACCION MFB

Nigeria MfBs considers bond issuance as source for fresh capital

Microfinance Banks (MfBs) have been urged to consider issuing bonds as an alternative source of raising capital needed to meet their customers’ credit needs. The International Finance Corporation (IFC) Vice President and Treasurer, Jingdong Hua, said MfBs have capacity to issue bonds, raise fresh capital and deepen capital market liquidity. He said Nigeria’s capital market […]

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ACCION MFB

Citibank awards loan of ₦500 million to Accion MfB

Citibank Nigeria has extended a loan of ₦500m to Accion Microfinance Bank to promote the development of the microfinance sector in Nigeria. The loan will fund Accion’s loan portfolio and support the development of approximately 5,000 Micro, Small and Medium-scale Enterprises in the country, according to a statement by the lender. It said the agreement […]

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