microfinance banks Archives

Less than 1 pct of Microfinance Banks is licenced by CBN

by Derinsola Adebayo
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Less than one percent of Microfinance Banks, MfBs, licenced by the Central Bank of Nigeria, CBN, have national licence to operate in the country. Data obtained from the CBN website showed that out of the 1,028 MfBs licenced by the regulator to operate across the country, only eight have national licence. A further breakdown shows […]

CBN to extend BVN registration to microfinance banks, others

by NEWS AGENCIES
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The Central Bank of Nigeria (CBN) has said that it plans to extend the Bank Verification Number (BVN) registration project to customers of other Financial Institutions (OFIs), its Director, Banking and Payment Systems Department, Dipo Fatokun, has said. The OFIs include Microfinance Banks, Primary Mortgage Institutions and others. Fatokun made the disclosure at a bi-monthly […]

Less than 1 pct of Microfinance Banks is licenced by CBN

CBN to extend BVN registration to microfinance banks, others

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