The Central bank of Nigeria (CBN) has prohibited Microfinance Banks (MFBs) from executing foreign exchange transactions, citing concerns about their financial capability to handle such. This...
NPF Microfinance Bank Plc announced it has opened its rights issue and public offer for subscription on Thursday, 24 June 2021 following approval from the Securities...
Kuda Bank USSD code for bank transfers, sending or adding money to your Kuda microfinance bank account. Here is a detailed breakdown of how to use...
Here is a list of all microfinance banks’ USSD codes for your banking convenience in Nigeria and how to check Nirsal account balance AB Microfinance Bank...
CIT Microfinance Bank Disburses Over N16bn Loans CIT Microfinance Bank Limited says it has disbursed about N16bn loans since it commenced operations as part of its...
The Central Bank of Nigeria (CBN) has closed 42 microfinance banks, according to the latest report from the Nigeria Deposit Insurance Corporation (NDIC). In the report...
The Central Bank of Nigeria has increased the size of the Targeted Credit Facility (TCF) to accommodate more beneficiaries and cushion the negative impact of COVID-19...
The finance and insurance sector that comprises of both the financial institutions and insurance subsectors grew by 5.91 percent year-on-year in nominal terms in the third...
Microfinance: CBN Extends Deadlines for Minimum Capital Compliance The Central Bank of Nigeria has extended the deadlines for compliance with the minimum capital requirements for Microfinance...
Central Bank Caps Banks’ Exposure to Non-performing Loans In a bid to put a lid on banks and other financial institutions’ exposure to non-performing loans, the...