Tag: Microfinance Bank
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SUICIDE: Woman sets herself ablaze over inability to repay N70,000 loan
A middle-aged woman, known as Mama Dada, committed suicide in Ogun State by setting herself ablaze over her inability to offset a loan of N70,000 she took from a microfinance bank, LAPO. It was gathered that the woman set herself ablaze in her rented apartment located at the Oke-Keesi, Itoko area of Abeokuta on Saturday…
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Buni directs Yobe Microfinance Bank to open branches in 17 LGA’s
Gov. Mai Mala Buni of Yobe has directed the state-owned Yobe Microfinance Bank to open branches in all the 17 Local Government Areas of the State. In a statement by Buni’s Director-General, Press and Media Affairs, Alhaji Mamman Mohammed
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Okugbe Microfinance Bank subscription crosses N200m mark
The quest for the Urhobo nation to set up a microfinance bank primarily targeted at women and youths reached a milestone over the weekend when the subscription to the proposed bank crossed the N200m mark. The regulatory guidelines as established by the Central Bank of Nigeria (CBN) require the promoters of that category of microfinance…
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FG announces plans to ‘unbundle’ NIPOST into Courier Services, Microfinance Bank
The Federal Government has unveiled plans to unbundle the Nigerian Postal Service (NIPOST) into a courier service, microfinance bank among others. The Minister of Communications and Digital Economy, Isa Pantami, disclosed this on Tuesday during the unveiling of NIPOST’s N50 revenue stamp for denoting transactions in the country. He listed other aspects of NIPOST unbundling…
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Okugbe MFB gets major boost with view to chase poverty out of Urhobo land
The proposed Okugbe Microfinance Bank (Okugbe MFB) on Friday received a massive boost with a promise from Mr. Abraham Ogbodo, chairman of the committee set up to raise funds for the bank, that the stage is set to chase poverty out of Urhobo land. TheNewsGuru.com (TNG) reports Okugbe MFB is being set up by the…
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Urhobo Mfb begins operation in 2019
Mr Moses Taiga, the President-General (PG) of Urhobo Progress Union (UPU), says the proposed Urhobo Microfinance Bank (MFB) will start operation in the second quarter of 2019. The PG of the umbrella body of the Urhobo ethnic nationality said this on Thursday at a “Meeting of PGs of the 24 Urhobo Kingdom Forum” held at…
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Ayade commissions state’s first microfinance bank
In his determination to create financial inclusion among the teeming populace, who by virtue of their financial background may not qualify for the traditional commercial bank facilities, Cross River State governor, Prof Ben Ayade, Tuesday, commissioned the first ever state’s owned microfinance bank in Calabar, the state capital. Ayade who spoke at the bank’s head…