Source: Next.
Complete article available online.
LAGOS, October 30 – The Nigeria Deposit Insurance Corporation is overwhelmed by the number of microfinance banks in the country; a situation which has made the supervision of the subsector difficult, Jacob Afolabi, a deputy director, at the corporation has said.
Mr. Afolabi, who made the disclosure on Thursday in Kaduna, said unlike the regular deposit money banks, the NDIC does not know the location of all the existing microfinance banks, a situation that has made monitoring and supervision difficult….
Continuation of article available online.
Similar Posts:
- MICROCAPITAL BRIEF: HugoBank, KT, Mashreq, Raqami Islamic, Telenor Microfinance Earn Regulatory Approval to Pilot Digital Banking Services in Pakistan
- MICROFINANCE PAPER WRAP-UP: “Assessing the State of Youth Financial Inclusion in Developing Contexts,” by Niclas Benni, Published by FAO
- SPECIAL REPORT: Fintechs vs MFIs – a Debate at European Microfinance Week
- SPECIAL REPORT: Digitizing Microfinance to Meet Customer Needs via an Incremental Approach #EMW2023
- MICROCAPITAL BRIEF: Online Today in Spanish, November 22 in French – JuST Institute Announcing Mentoring Program for MFIs Embracing Biodiversity, Climate Adaptation