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NIRSAL Microfinance Bank

Coronavirus: Stakeholders differ on impact of Nigeria’s central bank stimulus

Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.

Coronavirus: Nigeria’s central bank introduces measures to check effect of virus on economy

The Central Bank of Nigeria has extended the moratorium on all its intervention funds.

Central bank redeploys, appoints new directors

The Management of the Central Bank of Nigeria (CBN) has announced the redeployment of Mr. Yusuf Philip Yila, a Director with the Bank and the Managing Director, NIRSAL Microfinance Bank (NMFB), to the position of Director, Development Finance Department, with effect from Friday, January 24, 2020.

Central bank issues licences to 15 mobile money operators

The Central Bank of Nigeria has issued licences to 15 mobile money operators as part of its drive towards increasing financial inclusion.

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Vice President Yemi Osinbajo stated this at the end of a four week-training for 1500 youths who participated in the N-Creative programme held in Benin.

VP Osinbajo: Nigeria’s future bright

Corporate Affairs Commission, CAC, Vice President, Yemi Osinbajo, has again reassured that Nigeria’s future is bright going by the progress being made by the Micro, Small and Medium Enterprises (MSMEs).

Central bank to establish microfinance banks In 774 LGs

The Central Bank of Nigeria (CBN) is targeting to have Microfinance Bank branches in all the 774 local governments of the country.

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Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.