Managing Director, DavoDani Microfinance Bank Limited, Mr. John Ologe, in this interview with Financial Vanguard spoke on the challenges of the subsector including inadequate capital base, loan default and non compliance of state governments to the provisions of the Microfinance Policy framework that stipulates that they allocate one percent of their revenue allocation to deposits in MfBs operating within their states. Excerpt:

CORPORATE results for full year 2017 have been rolling into the Nigerian Stock Exchange, NSE, since after the Nigerian Breweries, NB Plc, blazed the trail previous week. The highlights have shown mixed performances, a development which also came along side mixed performances in equities trading.

THE expected release of more companies’ results for the full year 2017 on the Nigerian Stock Exchange, NSE, is expected to dictate stock market direction this week.

ROYAL Exchange Plc has announced plans to undertake a corporate restructuring of its key operations even as it unveils plans to mark 100 years of operations.

MICRO, Small and Medium Enterprises (MSMEs) operators have lamented the negative impact of the scarcity of lower naira denomination on their businesses, urging the Central Bank of Nigeria (CBN) to sustain the direct distribution of the lower denominations