Tag
DFIS
The Central Bank of Nigeria (CBN) plans a major restructuring in its operations, aiming to transfer about N5.5 trillion in development finance activities to a combination of private banks and Development Finance Institutions (DFIs).
The Central Bank of Nigeria has mandated Microfinance banks, Primary Mortgage Banks (PMBs) and Development Financial Institutions (DFIs) to ensure they submit their financial returns monthly through the FinA application or risk sanctions.
The G7 DFIs have announced a commitment to invest $80 billion in Africa’s private sector to support sustainable economic recovery.