Govts, Companies Raise N4.6trn From Capital Market In Five Months       Nigerian governments and companies have raised some N4.6 trillion in new capital from the capital market so far this year, already more than 100 per cent above the total capital raising recorded for the whole...

MFBs Join Reps’ Call To CBN To Halt Recapitalisation       The National Association of Microfinance Banks (NAMB) has joined the House of Representatives’ recent call on the Central Bank of Nigeria (CBN) to suspend the April 2021 deadline for the recapitalisation of microfinance banks (MFBs). It came...

CBN, Experts Urge Microfinance Banks To Boost Financial Inclusion         The Central Bank of Nigeria and financial sector experts have called for collaborative efforts among microfinance banks to promote the expansion of micro-insurance as a tool for deepening financial inclusion. They made the call at the sixth...

Reps Urge CBN To Suspend Recapitalisation Of Microfinance Banks       The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend the planned recapitalisation for microfinance banks until the economy stabilises and considered safe. The House mandated the Committee on Banking and Currency to...

NDIC Verifies Depositors Of 42 Failed MFBs         The Nigeria Deposit Insurance Corporation (NDIC) has commenced the verification and winding up of 42 Microfinance Banks (MFBs) whose operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. This...

Poultry Sector Gets Boost with N12.5bn CBN Largess The Central Bank of Nigeria (CBN) has released the sum of N12.552 billion to large, medium and small-scale poultry farmers in the country as part of its strategy to boost egg and meat production as well as...