The Central Bank of Nigeria has concluded plans to roll out framework for the disbursement of specialised fund meant to assist microfinance banks with liquidity problems. The Director, Other Financial Institutions Department of the CBN, Mr. Olufemi Fabanwo, made the disclosure during an interview with journalists at the opening session […]
World News
FG to strengthen microfinance banks
Nigerian Deposit Insurance Company on Thursday said that the Federal Government had concluded plans to address the challenges facing the microfinance banks. Managing Director and Chief Executive Officer of NDIC, Mr. Umaru Ibrahim, made the disclosure at the opening of a two-day workshop organised for operators in the microfinance banking […]
Five U.K. Banks Must Raise Extra $21 Billion Capital
Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said. The five lenders, including Barclays Plc (BARC), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS), have already […]
