Following over two weeks of sustained complaints across the broad spectrum of the Nigerian public, including lawmakers in the National Assembly, on the potential negative implications of its cash withdrawal limits policy for national development, the Central Bank of Nigeria (CBN) has backed down on the controversial policy. In a circular issued on the latest […]
The National Association of Microfinance Banks (NAMB) has advocated the need for the monetary authorities to broaden the scope of its policy steps towards improved funding of the nation’s Micro, Small and Medium Enterprises (MSMEs). The President of the association, Mallam Yusuf Ahmed Gyallesu, who commended the Central Bank of Nigeria (CBN) for its sundry […]
The Central Bank of Nigeria has issued a circular to guide licensed Microfinance Banks (MFBs) on financial activities they cannot carry out in their financial operations. The apex bank, in a circular signed by Ibrahim Tukur for Financial Policy and Regulations Department issued on Thursday cautioned the MFBs to desist from offering non-permissible activities, especially […]