Updated: List of approved Micro-finance Banks in Nigeria

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A Micro-finance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small businesses. These banks typically function to provide opportunities to low-income regions where small amounts of money can go a long way. Simply put Micro-finance banks ultimately provide credit to those who are unable to access the type of capital needed to develop businesses or kick-start their entrepreneurial dreams.

 

According to the Apex Bank, Central Bank of Nigeria (CBN), there are 1023 Micro-finance banks in Nigeria and 5 are foreign owned.

Top 5 states are: Lagos, Anambra, Abuja, Ogun and Oyo while the bottom 5 are: Sokoto, Taraba, Bayelsa, Imo and Yobe.

Click here to download the complete list with their names, addresses, phone numbers, email address etc…

See below breakdown by states:

StatesNo. of MFBs
Lagos195
Anambra81
Abuja70
Ogun60
Oyo60
Delta40
Kaduna40
Kano40
Niger40
Osun30
Kwara27
Enugu24
Kogi24
EDO22
ABI20
Ondo19
Rivers19
Bauchi17
Plateau17
Ekiti14
Akwa Ibom13
Cross River13
Jigawa12
Adamawa11
Benin11
Kebbi10
Nasarawa10
Enbonyi9
Katsina7
Zamfara5
Borno4
Gombe4
Sokoto4
Taraba4
Bayelsa3
Imo3
Yobe1
Total 1023