The Central Bank of Nigeria (CBN) has jerked up the minimum capital base for Micro-finance Banks (MfBs) by between 150 and 900 percent....
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Unit MfB = N200m, State MFB = N1bn, National MFB =N5bn
After months of speculations that it was about to make the move, the Central Bank of Nigeria (CBN) yesterday announced an increase in the minimum capital requirement for Micro Finance Banks (MFBs) in the country. In a …
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