Current cbn news on mmm

Here are some current news articles and updates from the Central Bank of Nigeria (CBN) regarding the Micro, Small and Medium Enterprises (MSMEs) sector, also known as the Microfinance Bank (MFB) sector:

Recent Updates:

  1. CBN Launches MSMEs Survival Fund: The CBN has launched the MSMEs Survival Fund, a N75 billion fund aimed at supporting MSMEs affected by the COVID-19 pandemic. The fund will provide financial support to MSMEs in the form of grants and loans. (Source: CBN Website, August 2020)
  2. CBN Introduces New Guidelines for MFBs: The CBN has introduced new guidelines for MFBs, aimed at promoting financial inclusion and improving the overall performance of the sector. The guidelines include requirements for capital adequacy, risk management, and governance. (Source: CBN Website, July 2020)
  3. CBN Increases MFBs' Loan-to-Deposit Ratio: The CBN has increased the loan-to-deposit ratio for MFBs from 50% to 60%, aimed at encouraging MFBs to lend more to MSMEs. (Source: ThisDay Live, June 2020)
  4. CBN Launches Digital Payment System for MFBs: The CBN has launched a digital payment system for MFBs, aimed at promoting financial inclusion and reducing the cost of transactions. The system allows MFBs to make payments and receive payments digitally. (Source: CBN Website, May 2020)

Recent News Articles:

  1. CBN's MSMEs Survival Fund: A Lifeline for Small Businesses (Source: Vanguard News, August 2020)
  2. CBN's New Guidelines for MFBs: A Step in the Right Direction (Source: The Guardian Nigeria, July 2020)
  3. MFBs' Loan-to-Deposit Ratio: A Boost for MSMEs (Source: BusinessDay Nigeria, June 2020)
  4. CBN's Digital Payment System for MFBs: A Game-Changer for Financial Inclusion (Source: Leadership Newspaper, May 2020)

Please note that these articles and updates are subject to change and may not reflect the current situation. It's always best to check the CBN's official website or other reputable sources for the latest information.