CBN, DBN urge MfBs to improve sustainable banking

CBN, DBN urge MfBs to improve sustainable bankingThe Development Bank of Nigeria and the Central Bank of Nigeria have urged microfinance banks and other participating financial institutions to improve their sustainability efforts and become more responsive to their social and ecological environment.

The banks said this was important as Nigeria and the global communities continued to grapple with the effects of climate depletion and economic uncertainties caused by the COVID-19 pandemic.

According to a statement on Friday entitled ‘DBN advocates sustainability banking for MFBs,’ the banks said this during a webinar organised by DBN for MfBs and PFIs.

The initiative was focused on deepening DBN’s efforts to increase awareness on sustainability issues, and also positively influence its PFIs Sustainable Development Goals focused initiatives and operations.

Delivering her keynote address, the Special Adviser to CBN Governor on Sustainability, Dr Aisha Mahmoud, said deliberations on emerging issues of sustainability were important for the financial ecosystem.

Check Also

Reps mull emergency session over new naira crisis

Reps mull emergency session over new naira crisis

  The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament …

Leave a Reply

Your email address will not be published. Required fields are marked *

× Get News Alert