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
