Liquidity is the blood of micro-finance banks

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"Liquidity is the blood of micro-finance banks" - Nigeria

The increasing rate at which microfinance banks (MFBs) are becoming distressed, coupled with the Central Bank of Nigeria’s insistence of not bailing out any MFB have compelled the Lagos State chapter of the National Association of Microfinance Banks (NAMB) to set up a Fund to cater for MFBs’ financial needs. - full story

Published in: Nigeria by Vanguard Online EditionFebruary 28, 2010
Filed under: business_finance

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