….to meet CBN’s mgt on findings Apparently disturbed by the revocation of 179 Microfinance Banks’ licences by the monetary authorities early last week and the negative implications for its financial inclusion drive, the National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on their recapitalization status for […]
The Central Bank of Nigeria (CBN) has revoked the licences of 132 Microfinance Banks (MFBs), three four Primary Mortgage Banks (PMBs) and two other finance companies in furtherance of its regulatory roles in the nation’s financial system. The revocation of the licensed MFBs and other financial institutions (OFIs) licences was contained in a gazetted circular […]
….. says MfBs’ licence revocation rumour is mischievous The National Association of Microfinance Banks (NAMB), the umbrella body for all licensed Microfinance banks (MfBs) in the country, has restated the commitment of the micro lenders to intensify their efforts to deepen financial inclusion as a strategic step to improve their contributions to the Nation’s […]
….Tasks MfBs On Improved Performance Imperatives The National Association of Microfinance Banks (NAMB) has renewed its call on the Central Bank of Nigeria (CBN) for the involvement of Microfinance Banks (MfBs) in the formulation and implementation of key policies and other measures targeted at enhancing the nation’s financial system stability and sustainable growth. The […]
Public and private sector stakeholders in the financial services sector have expressed their support for the passage of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly. The lead institutions in the sector said that the proposed amendment of the Act would enhance the corporation’s capacity in its sustained […]
L-R: Immediate Past President, National Association of Microfinance Bank (NAMB), Mr. Rogers Nwoke; Chairman Board of Trustees NAMB, Alhaji Ibrahim Bamalli and President NAMB, Mallam Yusuf Ahmed Gyallesu; during the 11th Annual General Meeting 2021 of the association held in Abuja
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 National Association of Microfinance Banks (NAMB) has described the House of Representatives’ stance urging the Central Bank of Nigeria (CBN) to suspend the April 2021 deadline set for the ongoing recapitalization drive for microfinance banks based on the lingering COVID-19 pandemic-triggered disruptions of the nation’s economy as a welcomed development. The lawmakers’ advice was […]
The National Association of Microfinance Banks (NAMB) is set to conduct a nationwide audit of all licensed Microfinance Banks in the country with a view to identifying their operational challenges and providing necessary support to the ailing ones as part of its renewed efforts to sanitize the sector and deepen financial inclusion in the country. […]