500 Million Naira Capital Base: Microfinance Banks Embrace Reforms.

Name: 500 Million Naira Capital Base: Microfinance Banks Embrace Reforms.
Uploaded: 2019-10-24
Channel: Fred Brains
Description: The central Bank of Nigeria On March 7th, 2019, issued a circular directing microfinance banks to increase their capital base to N500m by April 2020 and N1bn by April 2021. To this end, stakeholders in the Microfinance sector have started strategizin

By Fred Brains Last updated Oct 24, 2019

The central Bank of Nigeria On March 7th, 2019, issued a circular directing microfinance banks to increase their capital base to N500m by April 2020 and N1bn by April 2021. To this end, stakeholders in the Microfinance sector have started strategizing to meet up with the requirement.