tag:blogger.com,1999:blog-55509193822841633662026-04-02T02:15:23.091-07:00Comprehensive Website on Microfinance in NigeriaNaveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-5550919382284163366.post-81530110422439732022024-12-27T02:11:00.000-08:002024-12-27T02:11:14.604-08:00

 As Nigeria strives towards its ambitious vision of becoming a $1 trillion economy by 2030, one critical gap demands urgent attention: the disproportionately low penetration of digital financial services among women. Currently, only 23% of Nigerian women access digital financial services, compared to 43% of men. This gender disparity poses a significant obstacle to inclusive economic growth

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com0tag:blogger.com,1999:blog-5550919382284163366.post-5850807802400074162023-11-21T10:06:00.000-08:002023-11-21T10:08:58.420-08:00

Introduction:The African Development Bank (AfDB) Group's Commitment to Macro-Economic and Public Policy ManagementThe African Development Bank (AfDB) Group has undertaken significant initiatives aimed at bolstering institutional capacity for effective macro-economic and public policy management. The goal is to accelerate inclusive growth, sustainable development, and the realization of the Agenda

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com1tag:blogger.com,1999:blog-5550919382284163366.post-28167538087365271292023-11-20T08:44:00.000-08:002023-11-20T08:44:50.662-08:00

LAPO Microfinance Bank, a leading microfinance institution in Nigeria, has clinched the prestigious 'Microfinance Bank of the Year' award at the 2023 Businessday Banks’ and other Financial Institutions’ (BAFI) Awards. This remarkable achievement marks the ninth consecutive win in this category since the inception of the BAFI awards. According to Oluremi Akande, the director of communications

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com0tag:blogger.com,1999:blog-5550919382284163366.post-53363272760137439142023-11-20T08:30:00.000-08:002023-11-20T08:33:05.922-08:00

The Nigeria Deposit Insurance Corporation (NDIC) has announced the reimbursement of over N1.2 billion to approximately 34,000 depositors affiliated with 179 microfinance banks, whose licenses were recently revoked by the Central Bank of Nigeria (CBN). The disclosure was made by Mr. Bello Hassan, the Managing Director of NDIC, during the 2023 Sensitisation Seminar held in Port Harcourt, Rivers

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com0tag:blogger.com,1999:blog-5550919382284163366.post-47722303659039392702022-02-23T17:45:00.000-08:002022-02-23T17:45:26.912-08:00

UK Government's Development Finance Institution, CDC which is now being renamed as British International Investment (BII) has announced $100 million credit facility to First Bank of Nigeria. This facility will be available to Women-led business as well as SMEs in Nigeria. The fund will be channelized through FirstBank which has expansive network of over 700 branches and 150,000+ agents,

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com3tag:blogger.com,1999:blog-5550919382284163366.post-43519614344780985612021-08-07T21:53:00.005-07:002021-08-07T21:58:03.989-07:00

The Central Bank of Nigeria (CBN) has published the Guidelines for the Regulation and Supervision of Microfinance Banks (the "Guidelines"), which took effect on April 1, 2020. The Guidelines will have an influence on the operations of various digital financial services offered by Microfinance Banks in Nigeria. Here are the salient features: Earlier there were three categories of

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com3Lagos, Nigeria6.5243793 3.3792057-39.261680099520639 -66.9332943 52.310438699520638 73.6917057tag:blogger.com,1999:blog-5550919382284163366.post-5793055720011671382016-03-06T18:46:00.002-08:002016-03-06T18:46:48.037-08:00

FINCA Microfinance Bank opened a new branch at the Relief Market in Owerri (Imo State) in 2016. This is its 2nd branch. The Bank has started operating with a single branch in December 2014 after its license was approved by the Central Bank of Nigeria on 30th October 2014. Within a quick span of time, it has now opened another branch. FINCA in Nigeria Finca is an international organziation

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com10tag:blogger.com,1999:blog-5550919382284163366.post-79566722231986615432016-03-06T17:46:00.000-08:002016-03-06T18:18:22.236-08:00

Here is a quick bite of a statistical fact: The total number of financial access points in Lagos are 2,248. Compared to this, Abuja Federal Capital Territory (FCT) has only 1,193 access points. Lagos is better than Abuja - isn't it? But wait, we need to read this statistic by putting it in context with population. With a low population, Abuja FCT has a better access, 8.48 access points per

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com53tag:blogger.com,1999:blog-5550919382284163366.post-41676370580972671602016-02-22T17:27:00.003-08:002016-02-22T17:30:10.974-08:00

A Micro-finance Bank (MFB) will be established by Lagos Government very soon. This announcement was made by the Governor Akinwunmi Ambode, Governor of Lagos State on 19 February at 5th edition of the Lagos Corporate Assembly tagged “A-plus meets business” held at the Lagos House Banquet Hall, Alausa. Now the question that quickly comes to our mind is: OK, Whats so good about it? You'd

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com9Lagos, Nigeria6.5243793 3.37920570000005686.0195827999999993 2.7337587000000569 7.0291758 4.0246527000000567tag:blogger.com,1999:blog-5550919382284163366.post-13389808015339457402014-08-01T18:05:00.000-07:002014-08-01T18:05:04.357-07:00

As we are writing this, around 1323 people have been affected with the Ebola Virus in West Africa in 2014. Out of this, 730 have been declared dead. These are the scary statistics provided by World Health Organization as on 31 July 2014.  What is Ebola Virus? Ebola Virus was first discovered in Democratic Republic of Congo. The genesis of the name Ebola comes from the Ebola River in

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com5Lagos, Nigeria6.5243793 3.37920570000005686.0195827999999993 2.7337587000000569 7.0291758 4.0246527000000567tag:blogger.com,1999:blog-5550919382284163366.post-49280802977544828852013-02-16T23:41:00.001-08:002013-02-16T23:43:43.520-08:00

Long distance access points, Cumbersome eligibility requirements, Low financial literacy, and High costs of financial services - these are the four barriers for financial inclusion according to Sanusi Lamido Sanusi, Governor of Central Bank of Nigeira. These are also the same four barriers that propelled the need for implementation of National Financial Inclusion Strategy 2020. For those

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com5Abuja, Nigeria9.066666699999999 7.48333330000002668.8157752 7.1606098000000262 9.3175581999999988 7.806056800000027tag:blogger.com,1999:blog-5550919382284163366.post-59598935342471086652013-01-28T22:39:00.002-08:002016-03-08T20:37:37.372-08:00

The Director of Other Financial Institutions Supervision Department, Central Bank of Nigeria, Mr O A Fabamwo, has issued a Circular (numbered OFI/DIR/CIR/GEN/01/09 dated 17 December 2012) in the last month of the 2012 giving a clear reminder to all the MFBs to not to indulge in opening unauthorized branches. What are Unauthorized Branches? The Central Bank of Nigeria (CBN), in the said

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com10Abuja, Nigeria9.066666699999999 7.48333330000002668.8157752 7.1606098000000262 9.3175581999999988 7.806056800000027tag:blogger.com,1999:blog-5550919382284163366.post-37350762660214484422013-01-28T02:45:00.002-08:002013-01-28T02:50:23.683-08:00

Central Bank of Nigeria has revised the Regulatory and Supervisory Guidelines for Microfinance Banks in Nigeria. The draft document dated December 2012 is provided below for public reference: Download your copy

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com21tag:blogger.com,1999:blog-5550919382284163366.post-38885864296875026722013-01-28T02:39:00.000-08:002013-01-31T20:43:00.525-08:00

Section 19 of Revised Regulatory Guidelines by CBN - What is it about? And, Why should Microfinance Banks be worried about it? What are the typical examples where MFBs are subject to Section 19? Are they punishable offenses? If so, What is the penalty? Hold your breathe. We'll address each of these questions now. What is Section 19? Firstly, let us be aware that the Central Bank of Nigeria (

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com9tag:blogger.com,1999:blog-5550919382284163366.post-20573883236262946712012-11-15T01:01:00.000-08:002013-01-28T02:48:08.942-08:00

Central Bank of Nigeria is promoting Financial Inclusion on a high priority basis. What is this financial inclusion all about and why should CBN be bothered about it? Financial Services like providing facilities for savings, loans, money transfers, insurance etc is considered to be a public good. As with any public good, the Governments are responsible for rightful allocation to its citizens

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com8tag:blogger.com,1999:blog-5550919382284163366.post-33271553061431777082012-11-02T23:53:00.000-07:002012-11-03T23:14:18.393-07:00

Add a New Job | View Job Listing | Subscribe to New Jobs 

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com3tag:blogger.com,1999:blog-5550919382284163366.post-38230870826392289752012-11-01T16:17:00.003-07:002012-11-01T16:28:20.285-07:00

Everyone has the right to give out opinions and so do you. Exercising this right to share opinions on issues that concern the microfinance sector in Nigeria can have lasting impacts on policy, regulation and implementation of microfinance. On a regular basis, NigeriaMicrofinance.Org shall generate polls on latest happenings that has direct impact on microfinance sector in Nigeria. We invite

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com8tag:blogger.com,1999:blog-5550919382284163366.post-17834429762246604002012-11-01T16:06:00.005-07:002012-11-02T05:09:55.626-07:00

The Central Bank of Nigeria (CBN) has launched Financial Inclusion Strategy in October 2012. The document below titled as "National Financial Inclusion Strategy" is provided as reference for our readers who wish to read this document on our website without having to download. If you wish to download, we have provided the download link at the end of the document. Click here to download this

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com4Central Bank Of Nigeria, 760, Nigeria10.2923873 11.139441610.2904343 11.1369741 10.2943403 11.1419091tag:blogger.com,1999:blog-5550919382284163366.post-40440740737424380342012-11-01T15:56:00.000-07:002012-11-02T09:16:03.244-07:00

What is the meaning of "Financial Inclusion"? Financial Inclusion is about providing financial services such as loans, savings, money transfers, insurance and pensions in adequate measures to the disadvantaged and low income people of the society. The basic premise of Financial Inclusion is this: Banking and Payment Services is considered as a public good. Much like any other public good,

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com3Central Bank Of Nigeria, 760, Nigeria10.2923873 11.139441610.2904343 11.1369741 10.2943403 11.1419091tag:blogger.com,1999:blog-5550919382284163366.post-47099666092020148572012-10-28T22:54:00.001-07:002012-11-02T09:18:26.630-07:00

The Central Bank of Nigeria (CBN) has recently (in October 2012) launched the much acclaimed Financial Inclusion Strategy. The strategy is expected to dramatically change the financial landscape of Nigeria. One of its several objectives is to ensure 80% of Nigerians have access to finance. Is it achievable?  

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com6tag:blogger.com,1999:blog-5550919382284163366.post-61536483558922682812012-05-29T10:38:00.000-07:002013-02-13T10:42:22.128-08:00

Given the way Microfinance in Nigeria is operated, the stakeholders in this sector need to learn how the risks in microfinance are managed world over. A comparative analysis of how microfinance operates in four countries is made in a paper titled Microfinance, Risk Management and Poverty. Below is an online version you can read.

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com2Abuja, Nigeria9.066666699999999 7.48333330000002668.8157737 7.1606098000000262 9.3175596999999986 7.806056800000027tag:blogger.com,1999:blog-5550919382284163366.post-2047152541468448652011-06-29T00:31:00.000-07:002012-11-02T09:45:32.283-07:00

Central Bank of Nigeria (CBN) has launched the much-awaited revised microfinance policy framework for Nigeria. The Board of Directors (BOD) of the Bank at its 402nd Meeting held on Friday, 29th April, 2011 considered AND APPROVED the revised Microfinance Policy, Regulatory and Supervisory Framework for Nigeria. The Microfinance Policy, Supervisory and Regulatory Framework for Nigeria was

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com33Central Bank Of Nigeria, 760, Nigeria10.2923873 11.139441610.2904343 11.1369741 10.2943403 11.1419091tag:blogger.com,1999:blog-5550919382284163366.post-41427173613564960302011-01-18T16:54:00.000-08:002012-11-24T03:37:11.762-08:00

Read the on-line version of the Prudential Guidelines for Deposit Money Banks. This is published by CBN in June 2010.

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com29tag:blogger.com,1999:blog-5550919382284163366.post-8647464553386303582011-01-06T09:07:00.000-08:002011-01-06T09:13:41.769-08:00

View all posts filed under Toolkits Subscribe to RSS headline updates from: Powered by FeedBurner

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com3tag:blogger.com,1999:blog-5550919382284163366.post-42048180155446713262011-01-06T08:54:00.000-08:002011-01-06T08:54:53.562-08:00

Definitions of selected financial terms, ratios, and adjustments for microfinance. Download

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com4