September 2022 – Berachah Microfinance Bank

Recapitalisation Risks: Nigeria’s Microfinance Banks Face Survival Test

Nigeria’s microfinance banking sector is at a critical juncture as the Central Bank of Nigeria (CBN) presses ahead with steep capital requirements that many operators are struggling to meet. While regulators argue that bigger capital buffers will strengthen the system,...

September 16, 2022

Banking

Technology-enabled Banking Will Boost Nigeria’s Digital Transformation Goal

Managing Director, FairMoney Microfinance Bank, Mr. Henry Obiekea, has stressed the need for technology enabled banking across all financial institutions in the country, insisting that the deployment of technology in financial service delivery will accelerate Nigeria’s digital transformation goal. Obiekea,...

September 16, 2022

SMEDAN seeks CBN licence for microfinance bank as FG targets 1m more firms

Banking

SMEDAN seeks CBN licence for microfinance bank as FG targets 1m more firms

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is seeking a licence from the Central Bank of Nigeria (CBN) to operate a microfinance bank, allowing it to directly disburse and monitor funds meant for small businesses, as well...

September 16, 2022

Money supply growth slows to four-year low as CBN pulls more cash

Press Release

Money supply growth slows to four-year low as CBN pulls more cash

The rate of growth of Nigeria’s money supply slowed to a four-year low of 12.83 percent in November 2025, following aggressive liquidity mop-up by the Central Bank of Nigeria (CBN) aimed at reining in inflationary pressures. Data from the CBN...

September 16, 2022

Month: September 2022

Recapitalisation Risks: Nigeria’s Microfinance Banks Face Survival Test

Technology-enabled Banking Will Boost Nigeria’s Digital Transformation Goal

SMEDAN seeks CBN licence for microfinance bank as FG targets 1m more firms

Money supply growth slows to four-year low as CBN pulls more cash

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