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 ...

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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 ...

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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 ...

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