Microfinance Banks (MFBs)

Kingsley Eremionkhale : A Resourceful Professional Creating Value Through CIT MFB He is a dynamic, seasoned and certified microfinance practitioner who has continued to demonstrate the…

The Central Bank of Nigeria (CBN) has given January 1, 2022, as the deadline for Other Financial Institutions (OFIs) to comply with cyber security rules. This was stated in a letter to…

The Central Bank of Nigeria (CBN) has indicated that it will apply severe sanctions on Microfinance Banks (MFBs) that engage in foreign exchange (forex) transactions and wholesale banking in…

Amid struggles to meet the recapitalisation deadline by the Central Bank of Nigeria (CBN), Microfinance Banks (MFBs) grew the most ever loan book in the first quarter (Q1) of 2021. Data…

The Nigeria Deposit Insurance Corporation (NDIC) is in the process of closing 42 Microfinance Banks (MFBs) which operating licenses were revoked by the Central Bank of Nigeria (CBN). The…