Driving Excellence and Innovation in the Nigerian Microfinance Sector Highlights of January: Pioneering Programs and Insights The new year is off to a strong start as MLDC continues to take giant strides in building capacity and fostering innovation within the Nigerian microfinance sector. January has been characterized by impactful events, collaborations, and an ambitious training […]
February 2025 marks a critical juncture for Nigeria’s microfinance sector as we approach the March 31st deadline for regulatory compliance with the Central Bank of Nigeria mandates. Regulatory Compliance: Countdown to March 31st: Act Now to Avoid Penalties With just weeks until the March 31, 2025, deadline, MFBs must prioritize compliance with the CBN’s Cybersecurity […]
At the Microfinance Agricultural Learning and Development Centre (MLDC), we believe leadership is key to driving innovation, fostering financial inclusion, and empowering microfinance institutions. It is with great excitement that we announce the appointment of Adetunji A. as the new Chief Executive Officer (CEO) of MLDC. Adetunji has served as MLDC’s Chief Operating Officer (COO) […]
The Nigerian microfinance sector saw several important regulatory changes in the second quarter of 2024, each crafted to reinforce stability and strengthen the role of Microfinance Banks (MFBs) as drivers of financial inclusion. These changes reflect the Central Bank of Nigeria’s (CBN) commitment to building a robust and sustainable financial sector that can support grassroots […]
SMEs: ENGINES OF ECONOMIC PROGRESS SMEs constitute a significant portion of Nigeria’s economic fabric, contributing substantially to GDP growth. According to reports from the National Bureau of Statistics (NBS), SMEs account for over 48% of the nation’s GDP, underscoring their indispensable role in economic sustenance. Beyond financial metrics, SMEs are instrumental in tackling unemployment challenges. […]