Category Archives: finance

Microfinance Banks Should Have Access To Wholesale Funds – Rogers Nwoke Tunde Raji - September 13, 2017

The newly elected president of the National Association of Microfinance Banks (NAMB) and chief executive officer of Hasal Microfinance Bank, Rogers Augustine Nwoke, in this interview with BAYO AMODU, ...

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Central Bank of Nigeria Suspends Cashless Policy Tunde Raji - April 24, 2017

The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy.   In a circular released on Friday, the apex bank instructed banks to revert ...

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Measuring Financial Viability Of Microfinance Institution Tunde Raji - February 26, 2017

According to CGAP, measuring financial viability of MicroFinance Institution involves considering the real, not subsidized profit (or loss) of that institution. Generally, financial statements do not ...

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Reading Financial Statements Of MicroFinance Institution Tunde Raji - February 16, 2017

A Balance Sheet and an Income Statement provide the basic financial information about microfinance institution and its activities. Together, they report on the financial position of the institution a...

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CBN Barred Transactions of Virtual Currencies In Nigeria Financial Institutions Tunde Raji - January 19, 2017

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from transacting in any form of virtual currency.   It was disclosed in a circular by t...

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Complying with Regulatory Authorities of Microfinance Banks Tunde Raji - June 2, 2016

Regulatory authorities of microfinance banks in Nigeria comprises of Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, Federal & State Internal Revenue Service, Economic Financial Cr...

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