Microfinance Horizon

2 December 2010 [MicrofinanceAfrica] The Federal Government plans to establish a non-interest (Islamic) bank in the country, to assist low income earners in the delivery of financial services at affordable costs. Umaru Ibrahim, acting managing director, Nigeria Deposit Insurance Corporation (NDIC), made the announcement on Wednesday, in Abuja, at a one-day sensitisation seminar on Non- [...]

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23 November 2010 [Syminvest] Barely one month after provisional licences were granted new investors in micro financing business, none of the licensees has actually commenced operations, as the challenges of the business environment and the experiences of the existing micro finance banks (MFBs) continue to haunt them. Investigations by the Nigerian Compass in Lagos and [...]

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