The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has revealed plans to launch a microfinance bank and wants the Central Bank of Nigeria (CBN) to grant it an operating licence. Director-General of SMEDAN, Charles Odii, disclosed this during a media parley in Abuja on Wednesday, while unveiling the agency’s five-point agenda for 2026. …
The Central Bank of Nigeria (CBN) has revoked the operating licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for various offences. It disclosed this in a circular issued on Tuesday, December 16, signed by its Acting Director, Corporate Communications Department, Hakama Ali. According to CBN, the move was part …
The Central Bank of Nigeria (CBN) has approved an operating licence for Apices Finance Company Limited to boost lending to small and medium-sized enterprises (SMEs) and deepen financial inclusion in the country. The approval was conveyed in a letter signed by the Director of Financial Policy and Regulation, Rita Sike, on Thursday, September 18. It …
