MicroFinance Banks (MFBs)

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 bank’s Director, Corporate Communications Department, Mr…

The Central Bank of Nigeria (CBN) says the revised categories of MicroFinance Banks (MFBs), which give them up to April 2020 to recapitalise is to ensure their continued operations in the economy. CBN said this in a circular titled, ‘Re:…