The Central Bank of Nigeria wholly owned Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has unveiled its new national MicroFinance Bank (MFB) with branches in all 774 Local Government Areas in the country. Known as NIRSAL Microfinance Bank, the new financial institution which is a product of a tripartite partnership between the Bankers’ […]
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The National Association of Micro Finance Banks on Monday said that nine out of the 34 micro finance banks in Niger have lost their operational banking licences. Mr Sado Daniel, North Central Secretary of the association made the remark in Bida while inaugurating a micro-finance bank established by the Federal Polytechnic, Bida. “These micro-finance banks […]
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About ₦11.50 billion has been paid to financial institutions, the Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has said. Ibrahim sad the payments were made to depositors, creditors, shareholders and other stakeholders of closed financial institutions in December, 2017. He spoke at the NDIC Special Day at the Abuja International […]
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THE governor of the Nigeria’s Central Bank, CBN, Godwin Emefiele, has indicated that the Microfinance sub-sector is underperforming the set expectations for which they were created. Speaking, at the just concluded, NAMB Microfinance Banking Conference/Award Night 2018, themed: “Financial Inclusion For MSME Development in Nigeria: ‘Making Microfinance Banking Work’ in Abuja last weekend, Emefiele who […]
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