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Halt MFBs recapitalisation now, Reps tell CBN

Abdul said: “A survey conducted by the National Association of Microfinance Banks (NAMB), which indicated that out of 874 licensed MFBs, about 612 may be negatively affected by the recapitalisation policy.”
Citing the finding, he said only 30 percent of MFBs will be able to meet the April 2021 timeline while the rest may fold up and could cause more job losses as the 612 MFBs have about 44,800 staff.
CBN had reviewed the minimum share capital requirement of the three categories of MFBs in October 2018: a Unit MFB will raise its capital from N20 million to N200m; State MFB from N100m to N1 billion and a National MFB from N2bn to N5bn. ....

Saidu Musa Abdul , Central Bank , National Association Of Microfinance Banks , Committee On Banking , Microfinance Banks , Sa Idu Musa Abdul , National Association , சைய்து மூசா அப்துல் , மைய வங்கி , தேசிய சங்கம் ஆஃப் நுண்நிதி வங்கிகள் , குழு ஆன் வங்கி , நுண்நிதி வங்கிகள் , ச இது மூசா அப்துல் , தேசிய சங்கம் ,

Despite cash crunch, N/Assembly proposes 235 new tertiary institutions

Despite cash crunch, N/Assembly proposes 235 new tertiary institutions
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

Nigeria General , Niger State , Saudi Arabia , Abuja Federal Capital Territory , Mohammed Sani Musa , Nasiru Idris , Salihu Ingawa , Ajayi Boroffice , Ishaq Oloyede , Saidu Musa Abdul , Michael Opeyemi Bamidele , Deputy Senate Leader , National University Of Health , Nasarawa State University Keffi , Steel University , Sciences In Suleja , Communication Technology , Ministry Of Education , Senior Staff Association Of Nigerian Universities , A Professor Of Education Leadership Development , University Of Medicine , National Assembly , Academic Staff Union Of Universities , Green Chamber , Action Committee , Daily Trust On ,

Daily Trust - Reps pass N13.588 trn 2021 budget adjourns to Jan. 26

The report reads in parts”“That the House do receive the Report of the Committee on Appropriations on a Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N13,588,027,886,175 (Thirteen Trillion, Five Hundred and Eighty–Eight Billion, Twenty–Seven Million, Eight Hundred and Eighty–Six Thousand, One Hundred and Seventy–Five Naira) only, of which N496,528,471,273 (Four Hundred and Ninety–Six Billion, Five Hundred and Twenty–Eight Million, Four Hundred and Seventy–One Thousand, Two Hundred and Seventy–Three Naira) only is for Statutory Transfers, N3,324,380,000,000 (Three Trillion, Three Hundred and Twenty–Four Billion, Three Hundred and Eighty Million Naira) only is for Debt Service, N5,641,970,060,680 (Five Trillion, Six Hundred and Forty–One Billion, Nine Hundred and Seventy Million, Sixty Thousand, Six Hundred and Eighty Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N4,125,149, ....

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