Posts Tagged ‘nigeria’
Posted on October 31, 2008 - by lincolnw
Nigeria: Microfinance Inter-Bank Money Market Takes Off
There are strong indications that the proposed Microfinance Inter-bank money market will take off by the end of this year.
It would be recalled that Financial Vanguard exclusively reported that some Microfinance Banks in the country have commenced moves to set up an inter-bank money market for the sub-sector.ket includes the five discount houses.
However, other financial institutions like micro-finance banks and primary mortgage institutions (PMIs) cannot participate in the market because they do not have direct access to the clearing house of the Central Bank of Nigeria hence the decision of microfinance banks to create their own inter-bank money market…{click this link to read the rest of the article}
Posted on September 2, 2008 - by James
Nigeria: Microfinance Banks to Set up Interbank Market…
Microfinance Banks in the country have commenced moves to set up an interbank money market for the sub-sector.
An interbank money market is a market where banks borrow and lend among one another. The market provides opportunity to invest their excess funds, and also borrow to cover temporary shortfall in their liquidity position. Apart from the 24 banks, other players in the Nigeria interbank money market include the five discount houses.
However, other financial institutions like microfinance banks and primary mortgage institutions (PMIs) cannot participate in… [click here to read the rest of this article...]
Posted on September 2, 2008 - by James
Nigeria: Microfinance - Central Bank Decries Low Participation…
The Central Bank of Nigeria (CBN) Plateau State branch controller, Mr Mathias Kura has lamented poor participation in the micro-finance bank industries in the North, saying it is ironical that the same north where there is so much poverty, and who should utilise such facilities has recorded such a poor performance.
Kura, noted this in a keynote address at a One-day workshop organised by the Chartered Institute of Bankers of Nigeria (CIBN), Jos branch, on Micro-finance, Problems and Prospects. He also added that Anambra State alone has over 100 microfinance… [click here to read the rest of this article...]
Posted on August 29, 2008 - by James
Controversy Arises Over Pay for Employees of Microfinance Institutions in Nigeria…
Controversy has arisen over the governance and operations of microfinance institutions (MFIs) in Nigeria. A recent Daily Sunarticle reported that Pastor Kehinde Alaba, Managing Director and Chief Executive Officer of Lagos State University Micro Finance Bank (LMFB), believes that government restrictions hinder the ability of MFIs to provide quality financial services to the poor. Meanwhile, members of the Central Bank of Nigeria… [click here to read the rest of this article...]
Posted on August 25, 2008 - by James
Nigeria Approves 8 Microfinance Institutions…
The Central Bank of Nigeria (CBN) yesterday gave approval-in-principle to Accion, a United States-based microfinance company and seven others, including indigenous firms, to operate as Micro-Finance Banks (MFBs) in the country… [click here to read the rest of this article...]
Posted on August 21, 2008 - by James
Nigeria: Stakeholders learn a thing or two from Yunus…
Nigeria: Stakeholders learn a thing or two from Yunus…
Stakeholders in the microfinance sector in Nigeria have a unique opportunity to tap into the secrets of success of the 2006 Nobel Laureate and ‘Banker to the Poor’, Professor Mohammad Yunus…
click on title to read the rest of this article…
