Microfinance Banks (MFBs)  in Nigeria are demanding tax cut from the federal government to be able to carry out their duties effectively.

FOLLOWING the proposed increment in the capital base of Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), likely mergers and acquisition may soon take place in the industry.

THE Central Bank of Nigeria (CBN) has warned Nigerians to beware of some illegal operators in the microfinance market.

A Lagos-based microfinance institution, Accion MFB has unveiled a scheme known as ‘Brighta Future’ for the active poor Nigerians.

IN order to survive the test of time, there is the need for microfinance institutions to put qualified people to man strategic positions in their respective banks.

KING Solomon Microfinance Bank has renewed its commitment and support to the active poor who have good business initiatives, but lack the financial capacity to implement it.

A World Bank-funded project that integrates both HIV education and microfinance initiatives has aimed to provide women in Niger with an opportunity to escape the world of prostitution and start new lives as entrepreneurs, which in turn may help reduce the risk of HIV transmission and poverty.

The N50 billion Micro Credit Fund (MCF) was launched last year by the federal government through the Central Bank of Nigeria (CBN). A year after, ZAKA KHALIQ looks at the issues surrounding the ‘fund’ and concludes that this may be another dream project, if certain steps are not taken.