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National Collateral Registry

29 Apr 2019
The National Collateral Registry (NCR) has appealed to commercial banks in the country to accept movable assets as collateral to increase the quantum of borrowing to small businesses. Its Registrar, Mohammed Mainasara, made the call in an interview with the News Agency of Nigeria (NAN) at the 27th Seminar for Finance Correspondents and Business Editors…
5 Apr 2019
The plan by the Central Bank of Nigeria to establish a special multipurpose microfinance bank through the Bankers Committee to address the needs of the micro, small and medium sized enterprises in all 774 local governments is quite exhilarating and challenging. Given the current situation of the Nigerian economy, it will require serious commitments by…
2 Apr 2019
Central Bank of Nigeria (CBN)’s National Collateral Registry (NCR) has generated N1.264 trillion credit to the micro, small and medium enterprises (MSMEs) and individuals in the nation’s economy within two years, its Registrar, Mohammed Mainasara, has said. The NCR, a creation of the apex bank’s Development Finance Department in collaboration with the International Finance Corporation (IFC) commenced operation in 2017 following…
7 Feb 2019
No fewer than 154,827 operators Micro Small and Medium Enterprises (MSMEs), have used their movable assets to obtain loans from financial institutions, under the National Collateral Registry (NCR), estimated at about N1.21 trillion.   Out of the number, were 22,251 female-owned MSMEs, even as a number of borrowers secured credit in 2017, with their movable…

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