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Repackaging microfinance banking for impact

WITH the planned establishment of a National Microfinance Bank, NMFB, by the Central Bank of Nigeria, CBN, in collaboration with Bankers’ Committee and Nigerian Postal Services, NIPOST, CBN seem poised to repackage microfinance banking for the desired impact on the economy.
Continue reading Repackaging microfinance banking for impact at Vanguard News Nigeria. …

CBN disburses N100bn MSME fund to support growth

CBN disburses N100bn MSME fund to support growth

“So far, the CBN has, through its MSME fund, disbursed over N100 billion to the MSME sector, but we still feel a lot can be done.” Omodele Adigun The Micro, Small and Medium Enterprises (MSMEs) have gulped over N100 billion from the coffers of the Central Bank of Nigeria (CBN) to support the country’s economic recovery […]
The post CBN disburses N100bn MSME fund to support growth appeared first on The Sun Nigeria. …

Grooming Centre named Africa’s best MfB

Grooming Centre named Africa’s best MfB

Microfinance rating agency, MicroRate has rated Nigeria’s Grooming Centre as the only Microfinance institution in Africa to make the top institution rating released by the world body. MicroRate is the and the only specialised rating agency that is authorised by the Peruvian Superintendent to rate all types of financial institutions and since its inception inRead More …

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