dailytrust.com.ng
The benefits of CBN’s new minimum capital base for Microfinance Banks – Daily Trust
The Central Bank of Nigeria (CBN) recently increased the minimum capital base of Micro Finance Banks (MFBs) in Nigeria. Currently there are over 1000 microfinance bans scattered across Nigeria. CBN in a circular on 22n October 2018 issued and signed by the director, financial Policy and Regulation department, Kevin Amugo, said that the new requirement …