Commercial banks in Nigeria appear to be losing the credit battle, as new data shows that over 95% of loans in 2024 were gotten from microfinance banks.

Pan-African credit rating agency Agusto & Co. has affirmed a ‘Bbb+’ rating for Baobab Nigeria, indicating strong financial ...

Prince Austin Enajemo-Isire is the founder of DavoDani Microfinance Bank Limited. He said the microfinance banking industry ...

Nigeria’s leading financial service provider Moremonee || M&M MFB has rapidly evolved since its establishment in 2008, securing its Central Bank of Nigeria (CBN) license in July of that year.

The Central Bank of Nigeria has revealed that 95.66 per cent of bank debtors borrowed from microfinance banks as of September 2024. This dominance highlights the critical role of MFBs in the ...

the bank has steadily grown as a key player in supporting Micro, Small, and Medium-sized enterprises (MSMEs) and driving financial inclusion in Nigeria. Speaking at the branch opening, Mr. Bayo Fabiyi ...

THE Nigerian financial sector is expected to undergo significant changes in 2025, driven by regulatory reforms, technological ...

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As the economic woes in Nigeria have been on the increase, so have the loan default rates. The lates CBN survey report shows ...

Visa has made a strategic investment in Nigerian fintech behemoth Moniepoint. Terms were not disclosed. Welcome to Finextra. We use cookies to help us to deliver our services. You may change your ...

Ozimede, was arraigned before the Federal High Court in Lagos for allegedly hacking a Nigerian fintech company's vault and ...

Advans La Fayette Microfinance Bank, a leading financial institution dedicated to empowering micro, small, and medium-sized enterprises, celebrated International Day ...