THE IMPACT OF MICROFINANCE BANKS IN STIMULATING THE BANKING HABIT OF RURAL OWNERS IN NIGERIA
CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY The Central Bank of Nigeria in December 2005 published regulatory and supervisory framework for the regulation of microfinance banks and mandated all community banks operating in the country to submit to it plans for conversion latest by September 30th, 2006 and to finally convert latest 31st December, 2007. The practice of microfinance banking in Nigeria is culturally rooted and dated bank to ...
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