Article written by Akinola Ajibade
culled from: The Nation
The Central Bank of Nigeria (CBN) has exempted microfinance banks from participating in cash-lite banking system. By this, the customers of the 898 microfinance institutions can now continue to deposit and withdraw above the apex bank's limit.
Confirming the development, the Chairman, National Association of Microfinance Banks (NAMB), Lagos State Chapter, Mr Olufemi Babajide, said the apex bank has exempted the microfinance banks from participating in the cashless banking.
Read More here http://www.thenationonlineng.net/2011/index.php/business/money/35232-cbn-exempts-microfinance-banks.html
Confirming the development, the Chairman, National Association of Microfinance Banks (NAMB), Lagos State Chapter, Mr Olufemi Babajide, said the apex bank has exempted the microfinance banks from participating in the cashless banking.
Read More here http://www.thenationonlineng.net/2011/index.php/business/money/35232-cbn-exempts-microfinance-banks.html
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