MFBs explore ways to comply with new deadline on re-capitalisation

Following the extension of deadline on compliance of re-capitalisation requirements by the Central Bank of Nigeria (CBN), microfinance banks (MFBs) operating in the country are now exploring ways to meet up with the December 31, 2013, new deadline. One of such ways is arranging for mergers and acquisition (M&A). Already, some of the stronger MFBs…

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