Banking Latest News

Agusto & Co Assigns ‘A’ Rating To LAPO Microfinance Bank

Agusto and Co, Nigeria’s leading research and rating company, has affirmed the “A-” rating assigned to LAPO Microfinance Bank Limited. The rating assigned to LAPO Microfinance Bank, which will expire on 30 June 2019, reflects the bank’s strong market position, good capitalisation, good liquidity and funding profile. Despite the impressive rating of the micro lender, […]

Banking Latest News

DBN To Support 10,000 MSMEs With Low Interest Loans

The Development Bank of Nigeria  on Tuesday  disclosed that it has entered into partnership with LAPO Microfinance Bank to support 10,000 Micro, Small and Medium Enterprises (MSMEs) with low interest loans. The bank stated that the loan was part of various initiatives aimed at tackling the financial challenges facing MSMEs nationwide. The bank’s Managing Director, […]