COMMENDATION, CELEBRATION GALORE AS SHAGAMU MICRO FINANCE BANK DECLARES SURPLUS AT 26TH AGM
History was made on Thursday October 17, 2019, the foremost and leading microfinance bank in Remo Land, Shagamu Micro Finance Bank (SMFB) held its 26 th Annual General Meeting, at the bank premises in Shagamu; where customers and shareholders passed a vote of confidence on the bank management and board for a job well done. While presenting the Annual Report and Financial statement for the financial year ended 31 st December, 2018, the Board Chairman of SMFB, Asiwaju of Remo Land, Asiwaju Solomon K. Onafowokan, reported that in overall, Nigeria economy performed better in year 2018 than what was obtained in the previous year, 2017. He revealed that National Bureau of Statistics reported that economy expanded by 1.93% in 2018 as against 0.82% recorded in 2017. He stated that Foreign Exchange rates remain relatively stable through the year 2018 as a result of continuous intervention by Central Bank of Nigeria (CBN) although availability for financing imports as and when desi...