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its now time to bring your first feature on the show today as we focus on the financial sector since the advent of microfinance banking in nigeria the microfinance banking sector has been confronted with several challenges and the impact of the cover 19 as also heightened the severity of the challenges at this point in time in march 2019 the central bank of nigeria revealed the minimum capital requirement for microfinance banks with a view to ensuring continued operations of these banks in rural unbanked and underbanked areas of the economy and according to the apex bank microfinance banks operating in rural on banked and underbanked areas thats the tier 2 shall meet up with this at 5 million naira capital threshold by the end of this month and 50 million naira by the end of april 2022 while microfinance banks operating in urban and high density banked areas thats the tier one category i was expected to meet up with 100 million naira capital threshold by the end of this month and a