Business CBN raises minimum capital for Micro-Finance Banks – Newtelegraph

Unit MfB = N200m, State MFB = N1bn, National MFB =N5bn

After months of speculations that it was about to make the move, the Central Bank of Nigeria (CBN) yesterday announced an increase in the minimum capital requirement for Micro Finance Banks (MFBs) in the country. In a …

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Read more via Newtelegraph – https://ift.tt/2Pg6qN8

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