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The Central Bank of Nigeria (CBN) has widened the permissible activities of Micro Finance Banks (MfBs) to include the issuance of commercial papers (CPs) and appointment of agents under the Agency Banking Model.
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
The Nigeria Deposit Insurance Corporation said it had commenced payment to depositors of 154 Micro Finance Banks that the Central Bank of Nigeria revoked their licences in 2018 due to insolvency.
The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address ([email protected]) purportedly being handled by the Central Bank of Nigeria (CBN).
Ekiti State Government has adopted a strategic that would facilitate prompt and stress -free repayment of loans running to N1.5 billion granted the people under the Small and Medium Enterprise Support Scheme since the administration of Chief Segun Oni to date.
The Central Bank of Nigeria (CBN) has mandated the microfinance banks (MFBs) to mix the lower and higher Naira notes while disbursing it to customers.
The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.
The Central Bank of Nigeria (CBN), has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.
The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that total aggregate loans granted by Microfinance Banks (MFBs) to micro small and medium enterprises (MSMEs) in the country stood at N482.896 billion as at December 2018.
Nigeria’s vice president, Yemi Osinbajo, on Tuesday asked the management of the Nigerian Deposit Insurance Corporation (NDIC) to come up with a sustainable framework to empower millions of poor Nigerians through the extension of credit to them.
The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB).
The National Association of Microfinance Banks, NAMB, has called for a full implementation of the National Microfinance Policy, NMP, in the application of intervention funds.
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.
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Some corps members serving in Ekiti will have to wait until the inter-state travel restriction is eased before they can get their Certificate of National Service (CNS), an official of the corps said.
The University of Ilorin (Unilorin) says about 643 of its workers had benefited from the COVID-19 palliatives being distributed by the Kwara Government.
Gov. Adegboyega Oyetola of Osun has described the death of Alhaji Waheed Bakare, Saturday Editor of The New Telegraph Newspapers, as “a devastating blow and a great loss to his immediate family and journalism in Nigeria”.
The Blues are keen on signing a centre back ahead of the coming season but the Stamford Bridge outfit face a huge competition from Real Madrid for the services of the power playing Brazilian defender.
Good Governance Assembly (GGA), a sociopolitical group in Akwa Ibom state, has alleged a sinister plot to sponsor campaign of calumny against the governor, Udom Emmanuel.
The Association of Telecommunications Companies of Nigeria (ATCON), on Thursday commended Governors and Houses of Assemby of Imo and Ekiti states for the implementation of the approved Right-of-Way (ROW) price.
Rwandan genocide suspect Felicien Kabuga was arraigned before a French public prosecutor on Tuesday, three days after police swooped on his hideout in a Paris suburb, ending a 26-year manhunt.
The people of Issele-Uku Kingdom, Aniocha North Local Government Area, Delta State, have rejected moves by one Mrs. Mary Eboigbe, to establish a private market in the community.
Manchester United have warned fans to stay away from matches played behind closed doors at Old Trafford if the Premier League restarts amid the coronavirus crisis.
Kaduna State Governor Nasir El-Rufai has commended the patience and understanding displayed by the Muslim faithful in observing Ramadhan fast and celebrating this year’s Sallah under quarantine conditions.