Advans School News Today

Advans La Fayette Microfinance Bank Limited, a member of the Advans Group, a leading international microfinance bank supporting small businesses and assisting school owners and parents in boosting school enrolment and eradicating illiteracy, has announced its inaugural English Essay Competition for primary and junior secondary school students in select states in Nigeria.

"The Central Bank of Nigeria (CBN)’s recapitalisation requirement is a necessary evil in the Microfinance Bank (MFB) sector that will enhance corporate governance in MfBs," according to Gaëtan Debuchy, Managing Director, Advans La Fayette MFB. Among other sundry issues, he added that any MFB that complies with the new minimum capital requirement would ultimately benefit the customers.