Humanitarian Ministry: Experts Suggest Microfinance Bank Involvement Miffed by the recent alleged abuses in the disbursement of poverty alleviation funds by the Ministry of Humanitarian Affairs, some leading banking and development experts have called on the Federal Government to begin to use Microfinance Banks (MFBs)...

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...