NAMB awaits approval on multiple branching for Unit MfBs
In line with the abolition of branches and cash centres for Unit Microfinance Banks (MfBs), the National Association of Microfinance Bank (NAMB) is awaiting the approval of recommendations of a committee set up on the matter.
Recall that the revised policy framework for Unit Microfinance banks, stipulates that it operate in one location and prohibited from having branches/cash centres.
Rep cautions students against cyber crime
The Chairman, House of Representatives Committee on Communications, Hon. Ojo Oyetunde has advised Nigerian students to avoid all forms of cyber crimes capable of destroying their future.
20 firms raise N299bn from domestic debt market — DMO
IN response to the favorable domestic market environment, twenty Nigerian corporate organisations have raised long-term capital of over N299 billion from the domestic debt market between 2005 and 2012 to fund the development of the real sector.
Aba Mega Mall: PPP initiative for economic revival
Any one conversant with the economic landscape of the eastern part of Nigeria cannot help but be struck by the rapid de-industrialisation of the area in the past twenty years or so, which to a large extent reflects the story of Nigeria in recent times.
FMBN unveils new loan recovery strategy
BY YINKA KOLAWOLE Federal Mortgage Bank of Nigeria (FMBN) is set to adopt pro-active measures aimed at enhancing recovery of loans from its clients. Chairman, FMBN, Chief Bisi Ogunjobi, said at the end of a retreat and stakeholders’ forum recently organised by the bank in Abuja, that the loan recovery drive is part of the […]
Lagos replaces Ogunlewe with Williams as HoS
Governor Babatunde Fashola of Lagos State has approved the appointment of Mrs. Josephine Oluseyi Williams as the 17th Head of Service, HoS.
