15 results
- 8 Apr 2021
NAMB Seeks Extension of Recapitalisation Deadline for Microfinance Banks
Yusuf Gyallesu, national president of the National Association of Microfinance Banks (NAMB), has asked Central Bank of Nigeria (CBN) to extend the recapitalisation deadline given to the banks. In the…
- 15 Aug 2017
Microfinance Banks Grant over N200Bn Loan in 2016
Mr Rogers Nwoke, newly elected President of the National Association of Microfinance Banks (NAMB), yesterday said microfinance banks in the country granted loan worth N214.32 billion as at December…
- 30 Nov 2020
NAMB to Audit MFBs to Deepen Financial Inclusion
The National Association of Microfinance Banks (NAMB) is set to conduct a nationwide audit of all licensed microfinance banks (MFBs) in the country. The move is to help identify MFBs’ operational…
- 8 Feb 2010
NAMB to Embark on Enlightenment Campaign
The National Association of Microfinance Banks (NAMB) is to embark on aggressive enlightenment campaign this year to erode majority of Nigerians’ ignorance about the sector. Mr. Mathias Umeh,…
- 19 Jul 2017
Inlaks, CBN to Provide Solution for All Microfinance Banks
Inlaks, Financial Technology (Fintech) solutions provider in Nigeria and Sub-Saharan Africa is partnering with the Central Bank of Nigeria (CBN) to deploy a single core and agent banking solution for…
- 29 Aug 2017
NAMB says 40% of Nigerians are Financially Excluded
Rogers Nwoke, President of the National Association of Microfinance Banks (NAMB), said on yesterday that more than 40 per cent of Nigerians were still excluded financially and needed to understand…
- 13 Nov 2012
CWG, MTN Out with Micro-Banking Software
CWG, MTN Out with Micro-Banking SoftwareMTN Business, in collaboration with ExpertEdge, the software division of the Pan African ICT Company, Computer Warehouse Group Limited (CWG), has successfully…
- 23 Mar 2021
Microfinance Development Company to Launch Liquidity Management Platform
The Microfinance Industry in Nigeria is set to experience a major breakthrough in its operations, as the Microfinance Development Company Ltd (MDCL), plans to launch its Intermember Liquidity…
- 8 Apr 2022
NDIC Deploys SCV to Fast-Track Depositors’ Reimbursement by MFBs
Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to microfinance banks (MFBs) to eliminate delays often experienced in…
- 10 Dec 2020
Inlaks bags Financial Inclusion Platform of the year Award at BAFI 2020
Inlaks, the leading African systems integrator and financial technology solutions provider, has been named the Financial Inclusion Platform of the Year implementation partner of the Integrated…
- 26 Mar 2014
MTN XaaS Enables Microfinance Institutions-Adebayo
Since the launch of MTN XaaS: Micro-Banking Software as a Service, a cloud-based platform that enables micro-banking operations and financial intermediary collaboration, more and more microfinance…
- 12 Jan 2018
CBN Orders MFBs, Others to Suspend Accounts Without BVN
Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators are those…
- 12 Apr 2021
Appzone Secures $10mn Series A Funding
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round. Led…
- 16 Dec 2017
CBN Licenses Inlaks as Super-agent for Financial Inclusion
The Central Bank of Nigeria, CBN, has granted an approval-in-principle to Inlaks, a financial technology company, to drive its financial inclusion and the cashless initiative agenda. Inlaks will…
- 29 Sept 2013
NDIC to Prosecute Failed MFB Bosses
Nigerian Deposit Insurance Corporation (NDIC) has said chieftains of failed Micro Finance Banks (MFB) whose cases had been fully investigated and those found to have violated the existing policy…