BVN: Mortgage, Microfinance Banks’ Customers, Others Barred From Withdrawals

By Nse Anthony-Uko (Sundiata Finance) — The Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators are those in Microfinance Banks (MFBs), Primary Mortgage Institutions, Development Finance Institutions (DFIs), Discount House, Bureaux-de-change, among others. The CBN in a circular signed by ...

Read More »

Accion MFB Disburses N79.8bn Loan To SMEs

Plans Expansion to North, FCT By Nse Anthony-Uko (Sundiata Finance) – Accion Microfinance Bank said it has disbursed a total of N79.8 billion to its customers between 2007 when it commenced business operations in Nigeria up till November 2017 as part of its efforts at promoting and supporting small and medium scale enterprises in the country. The MFB which says ...

Read More »

Fortis MfB Holds Annual General Meeting December 21

(Sundiata Finance) – Fortis Microfinance Bank Plc has given notice of its forthcoming 4th Annual general Meeting (AGM) of members scheduled to hold on Thursday, the 21st of December, 2017 at the Neni Hall, Grace Point Resort Hotel, Kananga Close, Off Yaounde Street, Wuse Zone 6, Abuja, FCT at 11:00 a.m. According to the Bank, the AGM will enable the ...

Read More »

Visa Foundation Unveils $20m Women SME Support Initiative

By Nse Anthony-Uko (Sundiata Finance) – The Visa Foundation has set aside $20 million finance initiative to support Women’s World Banking. The newly-incorporated Visa Foundation, has been established as part of Visa’s larger social impact strategy that will prioritise the growth of micro and small enterprises around the world, enabling individuals, businesses, and economies to thrive. At the heart of ...

Read More »

LAPO Empowers 793,957 Women With Social, Health Services

By Nse Anthony-Uko (Sundiata Finance) – Lift Above Poverty Organization (LAPO) has empowered 793,957 women and other community members in target communities across the country with health and social services between January and July, 2017. The Executive Director, LAPO, Sabina Idowu-Osehobo who stated this at a performance review meeting explained that 187,451 persons received direct services while others were reached ...

Read More »

LAPO Empowers 92,156 Farmers With N2.2bn

By Nse Anthony-Uko (Sundiata Post) — The Lift Above Poverty Organization (LAPO) through one of its subsidiaries, the LAPO Agricultural and Rural Development Initiative (LARDI) has spent a total of N2.2billion in empowering 92,156 farmers between January and May, 2017. Sabina Idowu-Osehobo, executive director, LAPO who made the disclosure during a two-day training for staff of LARDI said the beneficiaries are ...

Read More »

NPF Microfinanace Bank Pays N342.9m Dividend

By Nse Anthony-Uko (Sundiata Finance) — The NPF Microfinance Bank Plc have paid out N342.9 million as dividend to its shareholders translating to 15 kobo per share having posted a N2.9 billion gross earnings at the end of the 2016 financial year. Speaking at the 23rd Annual general Meeting of the bank in Enugu, the Chairman of the NPF Microfinance Bank ...

Read More »

Citi Supports Microfinance Development With N500m

By Nse Anthony-Uko (Sundiata Finance) – Citi bank Nigeria has extended a N500 million loan to Accion Microfinance Bank in what has been described as a move to drive and promote the development of the microfinance sector in Nigeria. A statement by Citi, indicated that the loan is to fund Accion’s loan portfolio and support the development of approximately five ...

Read More »

NPF Microfinance Bank Grows Balance Sheet To N18.8bn

By Nse Anthony-Uko (Sundiata Finance) — The NPF Microfinance Bank Plc said its unaudited balance sheet size currently stands at over ₦18.8Billion as at 31st May 2017. The authorised share capital of the bank at inception was ₦500,000.00 made of 500,000 ordinary shares of ₦1.00 each and has over the years increased to its current level of ₦2 billion made ...

Read More »
Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143

Washington Office: 1245 Delafield PI NE, Washington DC 20017, USA.
Tel: 0092404216156

About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate