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CBN Unveils Names of 991 Licenced Microfinance Banks

By Modupe Gbadeyanka

The Central Bank of Nigeria (CBN) has released names and list of microfinance banks authorised to operate in the country.

This comes as the apex bank extended the Bank Verification Number (BVN) exercise to microfinance banks and other financial institutions operating in Nigeria.

In the list posted on its website, the central bank said there are 991 microfinance banks given the authority to operate in Nigeria.

These banks can be viewed on

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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