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CBN, IFC Seek Self-regulation, Consolidation In MfB SectorThe Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC) have charged Microfinance Banks (MFBs) to embrace self-regulation and consolidation in order to enhance performance and sustainability of the sector. Meanwhile, the National Association of Microfinance Banks, NAMB, has called for standardized performance measures and requirements for operators in subsector. These we highlights […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Baobab MFB gives N30bn loans to 120,000 customers in 10yrs – Daily TrustBoabab Micro Finance Bank has disbursed loans worth N30 billion to about 120,000 customers in the last 10 years. This was disclosed by the bank’s Managing Director/Chief Executive Officer, Dr. Kazeem Olanrewaju, during the bank’s Customers’ Forum held in Abuja at the weekend.ADVERTISEMENT Dr. Olanrewaju disclosed that the outstanding in the bank’s loan book was …
Source: Daily Trust - 🏆 13. / 51 Read more »
Baobab MFB Assures Of Commitment To Banking ServiceBaobab Microfinance Bank has stated its commitment to ensure safe and convenient banking to make business much more convenient, easy and safe for their customers. Speaking at MFB’s second customer forum held at the weekend, the managing director and chief executive of the company, Kazeem Olarenwaju said the bank believes that the growth of the […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »