Just In: Central Bank Close Down Popular Online Banks, 45 Other Microfinance Firms
The Central Bank of Nigeria (CBN), in a circular released today, July 1, 2026 has revoked the operating licences of 46 microfinance banks across the country with effect from immediately.
Here are the list of Revoked Microfinance Banks:
Minji-Se Churchill MFB
Merchant MFB
Janmaa MFB
Busu MFB
Gold MFB
Zain MFB (formerly Dawakin Tofa MFB)
Bompai MFB
Ajwa MFB (Formerly Gezawa)
NOW NOW DIGITAL MFB
Crystabel Microfinance Bank
Chanelle MFB
Abia SME MFB
Kamba MFB
Iwade MFB
Winview MFB
Zuru MFB
Minjibir MFB
Shanono MFB
Sumaila MFB
Rimin Gado MFB
Mwaghavul MFB
Sycamore MFB
TOFA MFB
Safegate MFB
Creekline MFB
Bestar MFB
Livingspring MFB
Apple MFB
Stanford MFB
Frontline MFB
Zafec MFB
Supreme MFB
Bejin-Doko MFB
Kanopoly MFB
Bellbank MFB (formerly Tsanyawa)
Yeneng MFB
Creditville MFB
MBAG MFB
STRAIGHT SAHARA MFB
OURPASS MFB
VERDANT MFB
BASAWA MFB
CASHA MFB
ESTEEM MFB
ENTREPRENEUR MFB
AVANTUS MFB
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