Is your Microfinance Bank licensed by CBN?

The Central Bank of Nigeria (CBN) has recently released a list of licensed Micro-finance Banks (MFBs) in Nigeria as at February 13th 2019.

The list which was released yesterday, revealed that only 898 micro-finance banks have the authority to operate in the country as of February 13th 2019. If your Micro-finance Bank is not on this list you obviously need to jump ship.

From the records, about one hundred and eighty-two (182) of the micro-finance banks operating in Nigeria are in the city of Lagos, Anambra state followed closely with seventy-six (76) micro-finance banks. Also, forty-seven (47), forty-three (43) and thirty-nine (39) for Ogun, Oyo and Abuja respectively. Changing from its previous numbers of one hundred and seventy (170) for Lagos, seventy-five (75) for Anambra, fifty-three (53) for Oyo, and forty-nine (49) for Abuja and Ogun respectively.

Some of the Listed Licensed micro-finance banks 

  1. AACB Micro-finance Bank Limited.
  2. AB Micro-finance Bank Limited National.
  3. ABC Micro-finance Bank Limited.
  4. Abestone Micro-finance Bank Ltd.
  5. Abia State University Micro-finance Bank Limited.
  6. Abigi Micro-finance Bank Limited.
  7. Above Only Micro-finance Bank Ltd.
  8. Abubakar Tafawa Balewa University Micro-finance Bank Limited.
  9. Abucoop Micro-finance Bank Limited.
  10. Accion Micro-finance Bank Limited.

Source: Nairametrics

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Author: see naija

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