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Why we’re repositioning MfBs to boost real sector growth –CBN
Why we’re repositioning MfBs to boost real sector growth –CBN
As the Small and Medium Enterprises (SMEs ) are adjudged the largest employers of labour, the Central Bank of Nigeria (CBN) said it is determined to reposition the microfinance banks ( MFBs) in the country to lend a helping hand in enhancing their growth.
According to the apex bank, addressing the challenges of the SMEs on access to credit is very necessary as the third wheel of economic growth.
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Reading Time: 1 minuteThe bank customers who were facing huge hurdles while paying their bills via credit cards. Due to prevailing situation, the...
SBP issues strict guidelines to refurbish payment instruments
SBP issues strict guidelines to refurbish payment instruments
KARACHI: State Bank of Pakistan (SBP), keeping inherent operational risks in processing, cancellation and issuance of payment in view, has issued guidelines to banks and micro-finance banks (MFBs) for strengthening internal controls in payment instruments.
As per the CPD circular, the SBP has decided that henceforth the banks/MFBs shall strictly observe the following controls, in addition to…
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Jess Baird - supporting local bands for more than 20 years! Thanks for contributing to Issue 2 of MFBS, Jess. You rule. My Favourite Band Shirt
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