Tag: N200m recapitalisation

Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum capital base. The announcement was contained in a CBN circular, signed by Director, Financial Policy and Regulations department, Kelvin Amugo. It said: “The Central Bank of Nigeria in consideration of the impact of the coronavirus…