List of Approved Micro-Finance Bank in Nigeria

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On this post, we are going to look at the complete list of approved microfinance banks in Nigeria. As of Feb 13, 2019, The Central Bank of Nigeria has released the list of 882 licensed Microfinance banks in Nigeria.

Microfinance banks in Nigeria are approved financial institutions by the Central Bank of Nigeria to provide small loans to individuals or groups. They also give entrepreneurs and organizations, access to credit facilities for their businesses with a scheduled date for repayment which are usually done instalments and with interest.

Microfinance bank are in the business of giving out money to make more money through interest. Microfinance banks only grant loans that fall into the category of small and medium enterprises (SMEs).

The roles of microfinance banks in the development and growth of a country’s economy cannot be overemphasized. They play key roles in poverty alleviation, agricultural development, increase in small scale businesses and so on.

Lagos as the highest number of Microfinance bank in Nigeria over 170 banks. Next to Anambra state followed closely with seventy-five (75) microfinance banks operating in the state while Oyo (53), Abuja (49) and Ogun (49).

 

These are the List of Approved Microfinance Bank in Nigeria

  • AACB Microfinance Bank Limited
  •  AB Microfinance Bank Limited National
  •  ABC Microfinance Bank Limited Unit
  •  Abestone Microfinance Bank Ltd
  •  Abia State University Microfinance Bank Limited
  •  Abigi Microfinance Bank Limited
  •  Above Only Microfinance Bank Ltd
  •  Abubakar Tafawa Balewa University Microfinance
  •  Abucoop Microfinance Bank
  •  Accion Microfinance Bank Limited
  •  ACE Microfinance Bank Limited
  •  Achina Microfinance Bank Limited
  •  Active Point Microfinance Bank Limited
  •  Ada Microfinance Bank Limited
  •  Adazi-Enu Microfinance Bank Limited
  •  Adazi-Nnukwu Microfinance Bank Limited
  •  Addosser Microfinance Bank Limited
  •  Adeyemi College Staff Microfinance Bank Ltd Unit
  •  Afekhafe Microfinance Bank Ltd Unit
  •  Afemai Microfinance Bank Limited
  •  Agosasa Microfinance Bank Limited
  •  Aguda Titun Microfinance Bank Limited
  •  Aguleri Microfinance Bank Limited
  •  Ahetou Microfinance Bank Limited
  •  Ahmadu Bello University Microfinance Bank Limited Unit
  •  Aiyepe Microfinance Bank Limited
  •  Ajewole Microfinance Bank Limited
  •  Ajikobi Microfinance Bank Limited
  •  Ajingi Microfinance Bank Limited
  •  Ajose Microfinance Bank Limited
  •  Ajuta Microfinance Bank Limited
  •  Akalabo Microfinance Bank Limited
  •  Akcofed Microfinance Bank Limited
  •  Akokwa Microfinance Bank Limited
  •  Akpo Microfinance Bank Limited
  •  Aku Diewa Microfinance Bank Limited
  •  Akuchukwu Microfinance Bank Limited
  •  Akwa Etiti Microfinance Bank Limited
  •  Akwengwu Microfinance Bank Limited
  •  Al Hayat Microfinance Bank Limited
  •  Al-Barakah Microfinance Bank Limited
  •  Albasu Microfinance Bank Limited
  •  Alekun Microfinance Bank Limited
  •  Algreb Microfinance Bank Limited
  •  Aliero Microfinance Bank Limited
  •  Alkaleri Microfinance Bank Limited
  •  All Workers Microfinance Bank Limited
  •  Ally Microfinance Bank Limited
  •  Alor Microfinance Bank Limited
  •  Alpha Kapital Microfinance Bank Limited
  •  Alvana Microfinance Bank Limited
  •  AMAC Microfinance Bank Ltd State
  •  Amazu Microfinance Bank Limited
  •  Amba Microfinance Bank Limited
  •  Amegy Microfinance Bank Limited
  •  AMJU Unique Microfinance Bank Limited
  •  AMML Microfinance Bank Limited
  •  Amoye Microfinance Bank Limited
  •  Amucha Microfinance Bank Limited
  •  Anchorage Microfinance Bank Limited
  •  Aniocha Microfinance Bank Limited
  •  Annointed Microfinance Bank Limited
  •  Anya Microfinance Bank Limited
  •  Aogo Microfinance Bank Limited
  •  Apa Microfinance Bank Limited
  •  Apeks Microfinance Bank Limited
  •  Apex Trust Microfinance Bank Limited
  •  Apple Microfinance Bank Limited
  •  Aramoko Microfinance Bank Limited
  •  Aris Microfinance Bank Limited
  •  Arise Microfinance Bank Ltd
  •  Asha Microfinance Bank Limited
  •  Aspire Microfinance Bank Limited
  •  Asset Matrix Microfinance Bank Limited
  •  Assets Microfinance Bank Limited
  •  Assured Microfinance Bank Ltd
  •  Astra Polaris Microfinance Bank Limited
  •  Atlas Microfinance Bank Limited
  •  Auchi Microfinance Bank Limited
  •  Augie Microfinance Bank Limited
  •  Avuenegbe Microfinance Bank Limited
  •  Awe Microfinance Bank Limited
  •  Awgbu Microfinance Bank Limited
  •  Awka Microfinance Bank Limited
  •  Awkuzu Microfinance Bank Limited

Download full list here list of Micro-finance banks in Nigeria (47 downloads)

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