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CBN considers increasing Unit MFBs capital to N100m

There are indications that the Central Bank of Nigeria (CBN) is considering raising the capital requirement of Unit Microfinance Banks (MfBs) by 400 percent to N100 million from N20 million, BusinessDay investigation has revealed. With this move, 893 MfBs with unit licenses out of 1,008 microfinance banks are expected to shore up their capital to... View Article

The post CBN considers increasing Unit MFBs capital to N100m appeared first on BusinessDay : News you can trust....

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Published By: Business News - 7 days ago