Browsing Tag
Microfinance
6 posts
NDIC Begins Reimbursing Depositors of 46 Closed Microfinance Banks
The NDIC has officially begun paying depositors of 46 microfinance banks following the recent revocation of their operating licenses by the Central Bank of Nigeria.
Alert Microfinance Bank expands asset base to N50 billion despite economic hurdles
Alert Microfinance Bank has scaled its assets to N50 billion in three years, citing a strategic focus on financial inclusion and increased credit demand despite economic headwinds.
Lagos employee of microfinance bank faces forgery charges
Henry Nwoko has been arraigned in a Lagos court for allegedly forging a non-indebtedness letter at his place of employment, Advance Microfinance Bank.
Microfinance worker charged for falsifying debt-free document
Henry Nwoko, a bank staff member, was brought to a Lagos court to answer for charges involving the unauthorized forging of a debt-clearance letter.
Analyst Highlights Regulatory Risks Following CBN License Withdrawal for 46 Microfinance Banks
The CBN has revoked the licenses of 46 microfinance banks for failing to meet regulatory standards, a move experts warn could lead to financial instability for local small business owners.
Central Bank of Nigeria Withdraws Operating Permits for 46 Microfinance Banks
The Central Bank of Nigeria has stripped 46 microfinance banks of their licenses for failing to meet regulatory obligations, including capital requirements and operational mandates.