NDIC urges MFBs to Fund MSMEs through moveable collateral

The Director, Special Insured Institutions Department, Nigeria Deposit Insurance Corporation, Mr Joshua Etopidiok, has called on…

NAICOM, insurance firms to extend bancassurance strategy to microfinance banks

Matthew Otoijagha As part of efforts to increase insurance coverage, the National Insurance Commission and insurance…

CBN reviews capital requirements for microfinance banks upward

The Central Bank of Nigeria has increased the capital requirements for microfinance banks in the country…

Only One out of Every 128 MFBs has National Licence in Nigeria

Less than one percent of Microfinance Banks, MfBs, licenced by the Central Bank of Nigeria, CBN,…