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Microfinance Banks

Microfinance Banks’ Non-Financial Assets Hit Record N358.8bn; Total Assets Cross N5.2trn

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CBN

Non-financial assets held by Nigeria’s microfinance banks surged to a record ₦358.787 billion in June 2025, according to the Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin. This marks the highest level since 2018 and underscores the sector’s growing reliance on tangible and intangible assets. The June figure represents a 0.88% month-on-month increase, rising […]

Reps ask CBN to suspend deadline for Micro Finance Bank recapitalisation

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Representatives, chairman

The House of Representatives have asked the Central Bank of Nigeria (CBN) to immediately suspend the recapitalisation of Microfinance Banks (MFBs). This followed the adoption of a motion by Rep. Saidu Abdullahi ( APC-Niger) on the floor of the House on Wednesday in Abuja. Moving the motion, Abdullahi said that out of 874 licensed MFBs, […]