Top 10 Microfinance Banks in Nigeria: Loans & Savings
Discover Nigeria's leading microfinance banks offering loans, savings accounts, and SME capital with digital banking services. These institutions promote financial inclusion nationwide.
Category : Banking
PTD-NUPENG Confirms Ote as Chairman, Warns on Night Driving
The Petroleum Tanker Drivers branch of NUPENG has affirmed Mathias Ote as substantive National Chairman. At a NEC meeting in Warri, Ote succeeded the late Augustine Egbon and warned members against dangerous night driving due to rising criminal activities
Wisdom Ndubuisi Leads Nigeria's Top CEOs in 2025 Finance
Wisdom Chukwunonso Ndubuisi, CEO of Zaradera Credit Limited, is highlighted in The Guardian's 2025 list of 100 top strategic CEOs for his transformative role in sustainable finance and financial inclusion in Nigeria.
Stanbic IBTC and CIG Partner on Vehicle Financing
Stanbic IBTC Bank partners with CIG on a new vehicle financing scheme, as Africa Prudential Plc reports strong financial performance and digital expansion at its AGM.
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53% of Nigerians Have No Savings, PiggyVest Survey Reveals
A new PiggyVest Savings Report 2025 reveals 53% of Nigerians lack savings, with experts calling for structured financial planning and disciplined approaches to combat rising living costs.
Woman Gets N4M Dividends from Zenith Bank Shares
Treasure Nwachukwu reveals receiving over N4 million in dividends after investing N10.8 million in 300,000 Zenith Bank shares, now valued at N32.7 million.
Emeka Emuwa Receives Citi Distinguished Alumni Award
Emeka Emuwa, Chairman of Verod Holdings, has been awarded the prestigious Citi Distinguished Alumni Award in Leadership, becoming only the second Nigerian to receive this honor after Yemi Cardoso.
New BVN Rules from May 1: 8 Changes Affecting Your Bank Account
The Central Bank of Nigeria introduces new BVN regulations effective May 1, 2026, including phone number limits, transaction caps, and stricter identity checks to combat fraud and enhance security in digital banking.
DR Congo Bans Dollar Cash Use from 2027
The Central Bank of Congo will prohibit cash transactions in foreign currencies starting April 2027, allowing only electronic foreign currency payments. This follows Tanzania's similar move to combat dollarisation.
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UBA Graduates 720 Young Professionals, Stresses Discipline
United Bank for Africa has graduated 720 young professionals under its Graduate Management Accelerated Programme, with Chairman Tony Elumelu urging them to embrace hard work, discipline, and resilience as they enter the workforce.
Elumelu Promises Outsourced Staff Conversions at UBA Graduation
Tony Elumelu, Chairman of United Bank for Africa, pledges to expand conversion of outsourced staff to full-time roles as UBA graduates 720 trainees from its Graduate Management Accelerated Programme.
Wema Bank Records N221.8 Billion Profit in 2025
Wema Bank Plc has announced a 116% increase in profit before tax to N221.85 billion for the 2025 financial year, with gross earnings rising to N660.6 billion. The bank attributes this growth to improved interest income and digital banking revenues.
BOI Honors Businesses and BDSPs for Prompt Loan Repayment
The Bank of Industry recognized 10 top-performing Business Development Service Providers and inducted nine SMEs into its Hall of Fame for excellent loan repayment and business practices at a Lagos event.
Afreximbank Assets Rise 21% to $48.5 Billion in 2025
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by growth in loans, stable portfolio quality, and robust liquidity, highlighting financial resilience and strategic execution.
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CBN Denies Fake ₦5000 Note with Tinubu's Image
The Central Bank of Nigeria has dismissed claims of a new ₦5000 banknote with President Bola Tinubu's image as fake news, sparking mixed reactions from Nigerians on social media.
Afreximbank Assets Hit $48.5B Despite Geopolitical Disruptions
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by strategic lending and strong financial resilience despite geopolitical disruptions.
Man Shares How Friend Was Picked Over Him in CBN, NNPC Jobs
A Nigerian man recounts his experience applying for jobs at CBN and NNPC, highlighting how a friend with a first-class degree was selected on merit, sparking reactions on social media.
CBN Debunks Polaris Bank Closure Reports, Urges Disregard
The Central Bank of Nigeria has dismissed false social media claims about Polaris Bank's liquidation, labeling them as misinformation and reaffirming the stability of Nigeria's banking sector.
CBN's New BVN Rules: 10 Key Changes Starting May 1
The Central Bank of Nigeria introduces enhanced BVN guidelines to combat banking fraud. Key measures include one-device limits, transaction caps, and stricter verification for device switching.
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Baobab Bank Relocates HQ to Enhance Small Business Services
Baobab Microfinance Bank Nigeria has officially moved its headquarters to 129 Ikorodu Road, Lagos, marking a strategic expansion to improve financial accessibility for small businesses and individuals across Nigeria.
Zenith Bank Posts N4.19 Trillion Gross Earnings in 2025
Zenith Bank Plc announced gross earnings of N4.19 trillion for 2025, a 6% increase from 2024, fueled by a 35% rise in interest income. Profit after tax grew slightly to N1.04 trillion, with dividends doubling to N10 per share.
Pension Assets Hit N29.4 Trillion with Record Growth in Nigeria
Nigeria's pension assets surged to N29.43 trillion in February 2026, driven by equity market gains and fresh contributions, marking the highest monthly increase since the pension scheme began.
Irvin Global Celebrates 10th Anniversary with Abuja Office
Irvin Global and Investment Group commemorates its 10th anniversary by commissioning a new state-of-the-art head office in Abuja, highlighting growth from a single branch to over 30 nationwide.
Regulators, Banks to Ease Restrictions on Non-Profit Groups
Regulators, banks, and civil society groups have agreed to standardize onboarding processes for non-profit organizations in Nigeria, aiming to ease restrictions that hinder charities and humanitarian operations.
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Nigeria Third in Africa's $107 Billion Banking Revenue
A McKinsey report reveals Nigeria holds 8.7% of Africa's $107 billion banking revenue, ranking third behind South Africa and Egypt. Nigerian banks excel in profitability due to FX gains and digital growth.
CBN New Payment Vision As E-Transactions Hit N1.07 Quadrillion
The Central Bank of Nigeria is set to unveil a new payment systems vision to guide the digital payments ecosystem, following a surge in electronic transactions to N1.07 quadrillion in 2024.
Zenith Bank Acquires Paramount Bank Kenya After Regulatory Clearance
Zenith Bank Plc has finalized its acquisition of 100% of Paramount Bank Kenya Limited, marking its official entry into the East African market following regulatory approvals from both Nigeria and Kenya.
CBN Tightens BVN Rules: 5 Changes Affecting Your Account
The Central Bank of Nigeria introduces new BVN guidelines effective May 1, 2026, to combat fraud and enhance security, including one-time phone number changes and transaction caps.
Zenith Bank Hits N1 Trillion Profit Again, Tops Nigerian Banking
Zenith Bank Plc reports over N1 trillion profit after tax for 2025, with improved asset quality and a doubled dividend payout, reinforcing its status as Nigeria's most profitable bank.
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Unions Protest Dismissal of 75 Workers in Lagos Over Union Membership
Labour unions picketed Global Plus Publishing Company in Lagos, alleging the dismissal of 75 workers for joining trade unions, citing violations of labour laws and constitutional rights.
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