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microfinance banks

microfinance banks

Assets Microfinance Bank Increases Workers’ Access to Credit

Assets Microfinance Bank Increases Workers’ Access to Credit

Assets Microfinance Bank has launched a new loan product called Assets Salary Plus Loans. It is designed to make it simpler and cheaper for salary earners to meet their needs in light of the challenging economic conditions in Nigeria. The Deputy Managing Director of Assets Microfinance, Obinwanne Mordi, said that the bank is committed to …

Assets Microfinance Bank Increases Workers’ Access to Credit

microfinance banks licenses revoked

Full List: CBN Revokes 132 Microfinance Banks’ Licences

The Central Bank of Nigeria, CBN, in line with the Banks and Other Financial Institutions Act (BOFIA), 2020, on Monday, May 22, ordered the revocation of the operating licences of over 100 microfinance banks and other financial institutions. Making the announcement, the CBN governor, Godwin Emefiele stated that the bank came to the decision because …

Full List: CBN Revokes 132 Microfinance Banks’ Licences

CBN Revokes Licenses Of 132 Microfinance Banks: What This Means For Depositors

CBN Revokes Licenses Of 132 Microfinance Banks: What this Means for Depositors

In a recent development, the Central Bank of Nigeria (CBN) revoked the licenses of 132 microfinance banks and other financial institutions. Read the full list here. In this blog post, we will delve into the implications of the license revocation for depositors and shed light on what it means for their overall financial stability. On …

CBN Revokes Licenses Of 132 Microfinance Banks: What this Means for Depositors

New Provider Onboard: Firmus Microfinance Bank cover

New Provider Onboard: Firmus Microfinance Bank

Exciting news for all nairaCompare users! We're thrilled to announce the addition of Firmus Microfinance Bank to our platform, expanding your options for savings, personal loans, and business loans. What does this mean for you? More choices: Compare offerings from Firmus alongside other financial institutions on nairaCompare to find the perfect fit for your needs. …

New Provider Onboard: Firmus Microfinance Bank

Top 15 microfinance banks in Nigeria, 2024

Top 15 Microfinance Banks in Nigeria, 2024

The Central Bank of Nigeria (CBN) has approved several microfinance banks in Nigeria, here is a list of the top 15 microfinance banks in Nigeria for the year 2024. These banks stand out for their commitment to providing financial services to small and medium-sized enterprises (SMEs) and entrepreneurs in the country. The CBN has accredited …

Top 15 Microfinance Banks in Nigeria, 2024

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