2019-03-07 | FPR/DIR/GEN/CIR/07/024Added · Updated
The Central Bank of Nigeria revised the categories of microfinance banks, splitting Unit Microfinance Banks into Tier 1 (urban/high-density areas) and Tier 2 (rural/unbanked/underbanked areas). The final minimum capital requirements are set at ₦200 million for Tier 1, ₦50 million for Tier 2, ₦1 billion for State, and ₦5 billion for National Microfinance Banks. To facilitate recapitalization, all microfinance banks must meet interim capital thresholds by April 2020 and the full requirements by April 2021.
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CENTRAL BANK OF NIGERIA
Financial Policy and Regulation Department
Central Business District
P.M.B. 0187
Garki, Abuja.
Tel: 09-46237401
E-mail:fprd@cbn.gov.ng
FPRD/DIR/GEN/CIR/07/024
March 7, 2019
CIRCULAR TO ALL MICROFINANCE BANKS
RE: REVIEW OF MINIMUM CAPITAL REQUIREMENT FOR MICROFINANCE BANKS IN NIGERIA
Further to our circular dated October 22, 2018 on the above subject, the CBN has revised the categories of microfinance banks with a view to ensuring continued operations of microfinance banks in the rural, unbanked and underbanked areas of the economy. Accordingly, Unit Microfinance Banks shall comprise two Tiers: Tier 1 Unit Microfinance Bank, which shall operate in the urban and high-density banked areas of the society; and Tier 2 Unit Microfinance Bank, which shall operate only in the rural, unbanked or underbanked areas.
Following from the above, the minimum capital requirement for the categories of microfinance banks have also been revised as follows:
To aid the process of recapitalization, all microfinance banks shall be required to comply with the following:
(i) Tier 1 Unit Microfinance Banks shall meet a ₦100 million capital threshold by April 2020 and ₦200 million by April 2021;
(ii) Tier 2 Unit Microfinance Banks shall meet a ₦35 million capital threshold by April 2020 and ₦50 million by April 2021;
(iii) A State Microfinance Bank shall increase its capital to ₦500 million by April 2020 and ₦1 billion by April 2021; and
(iv) A National Microfinance Bank shall hold a capital of ₦3.5 billion by April 2020 and ₦5 billion by April 2021.
This revised circular supersedes our circular referenced FPRD/DIR/GEN/CIR/07/016 of October 22, 2018.
KEVIN N. AMUGO
DIRECTOR, FINACIAL POLICY AND REGULATION DEPARTMENT
| S/N | NAME OF MFB | ADDRESS | STATE | CURRENT STATUS | CAPITAL REQUIREMENT |
|---|---|---|---|---|---|
| 1 | BUNDI MFB | 157, CAMEROUN ROAD, ABA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 2 | CHIBUEZE MFB | CRC 82 EHIASA ROAD, ABA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 3 | EAST GATE MFB | 135, ABA-OWERR ROAD, ABA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 4 | MICHEL OKPARA UNIVERSITY MFB | MICHEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE, KM 7, UMUAHIA/IKOT EKPENE ROAD, IKWUANO UMUDIKE, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 5 | SWIFT MICROFINANCE MFB | 37, MARKET ROAD, UZUAKOLI, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 6 | BENDE MFB | 10, ONAH ROAD, BENDE, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 7 | UMUCHUKWU MFB | 6 BENDE ROAD, UMUAHIA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 8 | UVULOMA MFB | 4, HOLY GHOST ROAD, UMUAHIA SOUTH LGA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 9 | ABSU MFB | UTURU, ISUIKWUATO LGA, ABIA STATE | ABIA | STATE | 1 BILLION |
| 10 | MERCHANT MFB | 103, JUBILEE ROAD, ABA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 11 | MOUAU ASMUS MFB | MICHEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE, KM 7, UMUAHIA/IKOT EKPENE ROAD, IKWUANO UMUDIKE, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 12 | INKPA MFB | AMAOHORO NKPA, BENDE LGA, ABIA STATE | ABIA | UNIT-TIER 2 | 50 MILLION |
| 13 | OLAPPA MFB | 122 AROCHUKWU ROAD, OHAFIA | ABIA | UNIT-TIER 2 | 50 MILLION |
| 14 | BIYAMA MFB | 50, MUBI ROAD, HONG, HONG LGA, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 15 | ADAMAWA MFB | 80, AHMADU BELLO WAY, YOLA, ADAMAWA STATE | ADAMAWA | STATE | 1 BILLION |
| 16 | BRETHREN MFB | 50, HOSPITAL ROAD, GIREI, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 17 | FUFORE MFB | 25, GIREI ROAD, FUFORE, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 18 | GUDUSSA MFB | ALONG GIREI-MUBI ROAD MARKET, J.A. GIREI, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 19 | STANDARD MFB | 1, BIU ROAD, GUMBI, ADAMAWA | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 20 | MAUTECH MFB | MODIBBO ADAMAWA UNIVERSITY OF TECHNOLOGY, YOLA, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 21 | MICHIKA MFB | MICHIKA MAIN MARKET, MICHIKA, MICHIKA LGA, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 22 | STANDARD MFB | BORNOA HOUSE, NO 94 MOHAMMED MUSTAPHA JIMETA-YOLA, ADAMAWA STATE | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 23 | UMMAH MFB | LAIMIDO LAWWAL ROAD, (FORMERLY SOKOTO STREET), BY YOLA TOWN MARKET, YOLA SOUTH LGA, ADAMAWA | ADAMAWA | UNIT-TIER 2 | 50 MILLION |
| 24 | ACCEPED MFB | 150, ORON ROAD, UYO AKWA IBOM | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 25 | ACCEPED MFB | 150, ORON ROAD, UYO AKWA IBOM | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 26 | BROOKS MFB | 81, NWANBA STREET, IKO, AKWA IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 27 | EDUEK MFB | 104, ORON ROAD, UYO, AKWA-IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 28 | GUFAX MFB | PADUK HOUSE, 3, UDOTUNG UDO STREET, UYO, AKWA-IBOM | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 29 | INI MFB | NO. 4, MARKET ROAD, IKPE IKOT NKON, INI LGA, AKWA IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 30 | MADELYN MFB | MADELYN PLAZA, 18-22, EKPETONG STREET/OPP MARINA ROAD, EKET, AKWA-IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 31 | NEW DAWN | NO. 2 UDO UKPENA AVENUE, UYO, AKWA IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 32 | NSEHIE MFB | 115 IKOT EKPENE ROAD, UYO, AKWA IBOM | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 33 | PALMCOAST MFB | 3, AWKA BPAK STREET, UYO LGA, AKWA-IBOM | AKWA IBOM | STATE | 1 BILLION |
| 34 | REHOBOTH MFB | 245, ORON ROAD, UYO, AKWA-IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 35 | SAPPHIRE MFB | 245, ORON ROAD, UYO, AKWA-IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 36 | STANFORD MFB | 142, ABAK ROAD, UYO, AKWA IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 37 | UNILIYO MFB | CO-OPERATIVE HOUSE, UNIVERSITY OF UYO, P.M.B. 1017, UYO, AKWA IBOM STATE | AKWA IBOM | STATE | 1 BILLION |
| 38 | ZAWADI MFB | SHELTER MARKET, UYO, AKWA IBOM STATE | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 39 | CASHRITE MFB | 28, NDIYA STREET, UYO | AKWA IBOM | UNIT-TIER 1 | 200 MILLION |
| 40 | PRUDENTIAL COOP MFB | KM 5 UYO-IKOT EKPENE ROAD, ESSIEN UDOM L.G.A., AKWA IBOM STATE | AKWA IBOM | STATE | 1 BILLION |
| 41 | AACB MFB | NNEWI/AGULU ROAD, ADAZI ANI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 42 | ACHINA MFB | OYE MARKET SQUARE, ACHINA, AGUATA LGA, ANAMBRA | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 43 | ADALU-ENU MFB | NEAR MKE MARKET, ADAZI NNUKWU, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 44 | ADALU-ENU MFB | NEAR MKE MARKET, ADAZI NNUKWU, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 45 | AGULERI MFB | 16, IRENSO STREET, AMALZE, AGULERI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 46 | AKALABO MFB | COOPERATIVE HOUSE, AFOR MARKET SQ, AMESI, AGUATA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 47 | AKPO MFB | ARCHBISHOP PATTERSON COMPLEX, AFOR MARKET SQ, AGUATA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 48 | AKUCHUKWU MFB | ARCHBISHOP PATTERSON COMPLEX, ALL SAINTS CATHEDRAL, OZALLA ROAD, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 49 | ANYA MFB | NKWO ALOR MARKET, IDELIMI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 50 | ORAUKWU MFB | LINE C/4-6, RELIEF MARKET, OBODOKWU ROAD (ONITSHA), OGBARU LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 51 | AWGU MFB | EKE AWGU MARKET SQUARE, AWGU, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 52 | AWKA MFB | 178, NNAMDI AZIKIWE AVENUE, AWKA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 1 | 200 MILLION |
| 53 | AWKUZU MFB | KM 1-3, NDRI AWKA ETITI ROAD, IDEMILI LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 54 | AWKUZU MFB | OTO-OCHAGANA ROAD, AWKUZU, ANAMBRA | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 55 | BESTWAY MFB | CITADEL COMPLEX, ADAZI-NNUKWU, ANAOCHA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 56 | ALERT MFB | 159, NNEWI-OZUBULU RD, NNEWI, ANAOCHA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 57 | CHUKWUNYENE MFB | CATHOLIC CATHEDRAL PREMISES, NKOR ROAD, NNEWI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 58 | DOMINION MFB | EKE IHEMBOSI EKWULIGO LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 59 | EASY ACCESS MFB | NO 29, EKWULOBIA ROAD, UMUZUE, ORUMBA SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 60 | EJIAMATU MFB | OYE MKT SQUARE, MMLI JOHN ROAD, OJOTO BYE PASS, OJOTO, IDEMILI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 61 | EKWULOBIA MFB | NO 1 MISSION ROAD EKWULOBIA P.M.B 24, AGUATA, ANAMBRA | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 62 | EGBU-UKWU MFB | C/O ENUGU-UKWU CB, ENUGU-UKWU, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 63 | EQUINOX MFB | 1 BANK ROAD, UNUCHU, AGUATA LGA, ANAMBRA STATE | ANAMBRA | STATE | 1 BILLION |
| 64 | EVEREST MFB | 7, PARK ROAD, NNEWI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 65 | IZEEBO MFB | AFOR IGBE UMUOKPUA, DANKUNORA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 66 | FECETU MFB | FEDERAL COLLEGE OF EDUCATION (TECHNICAL) UMUNZE, ANAMBRA | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 67 | FORWARD MFB | ETELSON PLAZA, 36, OLD MARKET ROAD, ONITSHA, ANAMBRA | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 68 | FRONTLINE MFB | ABATETE MARKET SQUARE EZINIFITE, NNEWI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 69 | GMB MFB | COMMUNITY MARKET, AGBO MARKET SQUARE, NIBO AWKA-SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 70 | GREEN ENERGY MFB | PRAISE PLAZA, AGBO-EDO MARKET, BY NEW MOTOR PARK, NNEWI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 71 | IBETO MFB | 1A EDOZIEMMEWI ROAD, NNEWI, ANAMBRA STATE | ANAMBRA | STATE | 1 BILLION |
| 72 | ICHI MFB | ICHI MARKET, ICHI, EKWUSIGO LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 73 | IDEMILI MFB | 1, AGU ROAD, NNOBI, IDEMILI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 74 | IGBO-UKWU MFB | NNOBI-UKWU ROAD, IGBO-UKWU, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 75 | IHIALA MFB | BANK HOUSE, ORLU ROAD, IHIALA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 76 | ISI AKU MFB | 25, AZIKWE AVENUE, AWKA-NNWI ROAD, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 77 | ISIOFA MFB | EKWULIGO PARK, ISIOFA-NNEWI ROAD, ISIOFA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 78 | MBAWULU MFB | ZONE 16, NO.6-9, MAIN MARKET, NKWO-NNEWI, ANAOCHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 79 | MODEL MFB | AKONOBI AVENUE, NENI, ANAOCHA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 80 | NANKA MFB | AFOR UDO MARKET, ORUMBA NORTH LOCAL GOVT. AREA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 81 | NDIOLI MFB | STATE SECRETARIAT, GOVERNMENT HOUSE, AWKA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 1 | 200 MILLION |
| 82 | NDIORAH MFB | NEW PARTS MARKET, NKPOR ONITSHA, ANAMBRA STATE | ANAMBRA | STATE | 1 BILLION |
| 83 | NICE MFB | NGENE-OKA MARKET SQ, ALONG AMABIA/AGULU ROAD, NISE, AWKA SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 84 | NKPOLOGWU MFB | EKE MARKET, NKPOLOGWU, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 85 | NNOKWA MFB | EKE NNOKWA MARKET SQ, OBA, IDEMILI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 86 | NOBLE MFB | 22, AGULU AVENUE, AMAFOR WEST, NKPOR-AGU, IDEMILI NORTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 87 | NOBLE MFB | EKE MARKET SQUARE, NRI, ANAOCHA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 88 | OBA MFB | OBA MARKET SQ, OBA, IDEMILI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 89 | OBELEDU MFB | JEMKO HOUSE, OBELEDU, NRI, ANAOCHA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 90 | OBOSI MFB | MIKE AJEGBO ROAD, OBOSI, IDEMILI LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 91 | ODDAKPU MFB | 81, BIDA ROAD, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 92 | OGBOPEPE MFB | HUDMC'S INDUSTRIAL MARKET, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 93 | OKO MFB | BANK HOUSE, OPP. FEDERAL POLYTECHNIC, OKO, ORUMBA NORTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 94 | OLUCHUKWU MFB | BETHANY HOUSE, NO. 1, AKOR STREET, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 95 | ORAUKWU MFB | AFOR MARKET SQUARE, ORAUKWU, IDEMILI LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 96 | OSUMENYI MFB | OSUMENYI, NNEWI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 97 | PARTNERSHIP MFB | 59, OGUTA ROAD, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 1 | 200 MILLION |
| 98 | PENTECOST MFB | ST ANDREWS ANGLICAN CHURCH (DCC), NEW TRINITY, NNEWI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 99 | PURE-STEPS MFB | 1, POLYTECHNIC AVENUE, UMUAGWO-OHAJI, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 100 | SURE ANCHOR MFB | IMO STATE UNIVERSITY, OWERRI, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 101 | THE MILLENNIUM MFB | NO. 1, ST PAUL, INDUSTRIAL ROAD, 2ND FLOOR, ABADE OFFICE BUILDING, BRIDGE HEAD, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 102 | TOPCLASS MFB | 68, SOKOTO ROAD, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 103 | TOTAL TRUST MFB | 19, ODUNDU STREET, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 104 | UCB MFB | OLD AFOR MARKET SQUARE, UMUNYA, OYI LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 105 | UDOKA MFB | NWAJI MARKET SQUARE AGULU, ANAOCHA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 106 | UGA MFB | OYE MARKET SQUARE, AGUATA LOCAL GOVT. ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 107 | UGBORIMILI MFB | OGBO-OGWU, ABULI LINE, BRIDGE HEAD MARKET, FEGGE, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 108 | UMUNNE MFB | AFOR UKPOR MARKET, UKPOR, NNEWI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 109 | UKWALA MFB | 1 MILE AJEGBO STREET, OBOSI, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 110 | ULI MFB | KM 45, ONITSHA-OWERRI RD, ULI, IHIALA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 111 | UMAUWULU MFB | UMAUWULU, AWKA SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 112 | UMUNNE MFB | 3, ANALIKWU ROAD, NIMO, NIKPOKA LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 113 | UMUDI MFB | NKPOALAMU ROAD, IDEMILI NORTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 114 | UNUBI MFB | UMUL HOUSE, AFOR MARKET SQUARE, UNUBI, NNEWI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 115 | UZOWULU MFB | OYE MARKET SQUARE, UTUH, NNEWI SOUTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 116 | UZONDU MFB | ST MARY'S CATHOLIC PARISH COMPOUND, ARTHUR EZE AVENUE, AWKA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 117 | VICTORY MFB | 53, AKUNINSI GRA, ONITSHA NORTH LGA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 118 | WOLIWO MFB | 10, ONITSHA-OWERRI ROAD, ONITSHA, ANAMBRA STATE | ANAMBRA | UNIT-TIER 2 | 50 MILLION |
| 119 | ABUBAKAR TAFAWA BALEWA UNIVERSITY (ATBU) MFB | ABUBAKAR TAFAWA BALEWA UNIVERSITY (ATBU), BAUCHI, BAUCHI STATE | BAUCHI | STATE | 1 BILLION |
| 120 | ALKALERI MFB | C/O ALKALERI LOCAL GOVT, ALKALERI, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 121 | BAUCHI CFA | MOHAMMED ADAMU FASHID HOUSE, 21, ABUBAKAR AHMED ROAD, BAUCHI, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 122 | BHC MFB | BAUCHI INVESTMENT CORP, 47 ABUBAKAR AHMED ROAD, BAUCHI, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 123 | GAMAWA MFB | GAMAWA, NEAR CENTRAL PRIMARY SCHOOL, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 124 | KATAGUM MFB | PALACE ROAD, KATAGUM ZAKI LGA, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 125 | KIRFI MFB | KIRFI TOWN, KIRFI LGA, BAUCHI | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 126 | NINGI MFB | 4, BANK ROAD, NINGI LGA, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 127 | SOROKOM MFB | MASHA ALLAH COMPLEX, COMMERCIAL BANK ROAD, BAUCHI, BAUCHI STATE | BAUCHI | UNIT-TIER 2 | 50 MILLION |
| 128 | TIAREH MFB | STABLE PLAZA, 2, MURTALA MOHAMMED WAY, BAUCHI, BAUCHI STATE | BAUCHI | STATE | 1 BILLION |
| 129 | YANKARI MFB | 10, YANKARI ROAD, BAUCHI, BAUCHI STATE | BAUCHI | STATE | 1 BILLION |
| 130 | CRYSTABEL MFB | 186, MBIAMA-YENOGOA RD, YENOGOA, BAYELSA STATE | BAYELSA | UNIT-TIER 1 | 200 MILLION |
| 131 | EZON MFB | 49 EGBE STREET GREEN VILLA ROAD, BIOGBOL, EPIE YENAGOA | BAYELSA | STATE | 1 BILLION |
| 132 | NIN MFB | 49 EGBE STREET ROAD, OPP MELPROD OKILO RD, YENOGOA, BAYELSA STATE | BAYELSA | STATE | 1 BILLION |
| 133 | ALGREB MFB | 35 IYONCHA AYURROAD, WURRUM, WURRUM, BAYELSA | BAYELSA | UNIT-TIER 1 | 200 MILLION |
| 134 | ALGREB MFB | 35 IYONCHA AYURROAD, WURRUM, WURRUM, BAYELSA | BAYELSA | UNIT-TIER 1 | 200 MILLION |
| 135 | APA MFB | MAKURDI RD, ADOKA, OTURPO, BENUE STATE | BENUE | UNIT-TIER 2 | 50 MILLION |
| 136 | BENUE MFB | BLOCK 9A, OWNER OCCUPIER ESTATE, SENATOR GEORGE AKUME ROAD, MAKURDI, BENUE STATE | BENUE | UNIT-TIER 1 | 200 MILLION |
| 137 | BENYSTA MFB | 21A KASHIM IBRAHIM ROAD, OLD GRA, MAKURDI, BENUE STATE | BENUE | STATE | 1 BILLION |
| 138 | BETTER-LIFE MFB | VICTORIA ATOROUGH COMPLEX, 6, NEW BRIDGE ROAD, WURRUM, MAKURDI, BENUE STATE | BENUE | UNIT-TIER 1 | 200 MILLION |
| 139 | BIPC | PLOT BNA 10558, NEW BRIDGE ROAD, MAKURDI, BENUE STATE | BENUE | STATE | 1 BILLION |
| 140 | EXCELLENT MFB | NO 2, EKEWWELLI STREET BESIDE D' DIVISIONAL POLICE STATION MAKURDI | BENUE | UNIT-TIER 2 | 50 MILLION |
| 141 | JAMIS MFB | 144, BENUE CRESCENT, WADATA, MAKURDI, MAKURDI LGA, BENUE STATE | BENUE | UNIT-TIER 2 | 50 MILLION |
| 142 | OKPOGA MFB | UGWU OKPOGA OKPOKWU LGA, BENUE STATE | BENUE | UNIT-TIER 2 | 50 MILLION |
| 143 | OTIUKPO MFB | PMB 01, OROKAM, OGBADIBO LGA, BENUE STATE | BENUE | UNIT-TIER 2 | 50 MILLION |
| 144 | ZION MFB | 7, MAKURDI RD, OTUKPO, BENUE STATE | BENUE | UNIT-TIER 2 | 50 MILLION |
| 145 | BAMA MFB | BAMA MAIN MARKET, BAMA, BORNO STATE | BORNO | UNIT-TIER 1 | 200 MILLION |
| 146 | BAMA MFB | BAMA MAIN MARKET, BAMA, BORNO STATE | BORNO | UNIT-TIER 1 | 200 MILLION |
| 147 | BORNO RENAISSANCE MFB | 1, SHEHU SANDA KYARI ROAD, OFF SHEHU LAMID WAY BY GWA BARRACKS JUNCTION MAIDUGURI, BORNO STATE | BORNO | UNIT-TIER 1 | 200 MILLION |
| 148 | NGALA MFB | ALONG MAIN ROAD, GAMBORU-NGALA, BORNO STATE | BORNO | UNIT-TIER 1 | 200 MILLION |
| 149 | UNIMAID MFB | UNIVERSITY OF MAIDUGURI, TECHNOLOGY, CALABAR | BORNO | UNIT-TIER 1 | 200 MILLION |
| 150 | CALABAR MFB | 72 EGBERTON STREET CALABAR, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 2 | 50 MILLION |
| 151 | CROTCH COMMUNITY MFB | 13PA, NIDDEM ISANG ISO ROAD, CALABAR, CROSS RIVER | CROSS RIVER | STATE | 1 BILLION |
| 152 | CRUTECH COMMUNITY MFB | 12, CHALMER STREET, CALABAR, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 1 | 200 MILLION |
| 153 | CSD MFB | 2, OKIM OSHOBOR STREET, IKOM, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 2 | 50 MILLION |
| 154 | FIRST ROYAL MFB | 44, MURTALA MOHAMMED, CALABAR, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 1 | 200 MILLION |
| 155 | ISHIE MFB | 165, ODUKPANI ROAD, ISHIE TOWN, CALABAR, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 2 | 50 MILLION |
| 156 | LIVING SPRING MFB | 1, DIAMOND HILL CALABAR, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 1 | 200 MILLION |
| 157 | MALACHY MFB | NO 2, EYO ETA STREET, CALABAR, CROSS RIVER STATE | CROSS RIVER | UNIT-TIER 2 | 50 MILLION |
| 158 | OGOJA MFB | 27 MISSION RD IGOLI-OGOJA | CROSS RIVER | UNIT-TIER 2 | 50 MILLION |
| 159 | ASPIRE MFB | 60, UNICAL CAMPUS, CALABAR MAIN CAMPUS, CROSS RIVER | CROSS RIVER | STATE | 1 BILLION |
| 160 | BOJI BOJI MFB | 71, AIRPORT ROAD, EFPURUN, WARRI, DELTA STATE | DELTA | STATE | 1 BILLION |
| 161 | COASTLINE MFB | 54, EKE STREET, OGBORU QTR, ISSELE-UKU, ANIOCHA NORTH LGA, DELTA STAE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 162 | CUB MFB | NO. 254, AGBOR-ASABA ROAD, AGOR, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 163 | EAGLE FLIGHT MFB | 6, MORKA STREET, BOJI BOJI OWA, AGBOR, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 164 | ENEDE MFB | 1, EKPEN ROAD, OKERE, WARRI, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 165 | GOLDMAN MFB | CO-OPERATIVE HOUSE, OKPANAM ROAD, ASABA, DELTA | DELTA | UNIT-TIER 2 | 50 MILLION |
| 166 | GREENACRES MFB | 60, EFPURUN/SAPELE ROAD, EFPURUN-WARRI, DELTA STATE | DELTA | UNIT-TIER 1 | 200 MILLION |
| 167 | IC GLOBAL MFB | 312, EFPURUN/SAPELE ROAD, EFPURUN-WARRI, DELTA STATE | DELTA | UNIT-TIER 1 | 200 MILLION |
| 168 | MACROD MFB | 63, AKPODITE STREET OFF ISOKO ROAD, UGHELLI, DELTA STATE | DELTA | STATE | 1 BILLION |
| 169 | ODOZI STREET MFB | 13, ODOZI STREET, AGBOR, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 170 | MEGAPRAISE MFB | 324, KM 4, REFINERY ROAD, EFPAN, WARRI, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 171 | NEW GOLDEN PASTURES MFB | 197, WARRU/SAPELE ROAD, WARRI, DELTA | DELTA | UNIT-TIER 2 | 50 MILLION |
| 172 | KOPOV MFB | 1, UWOR STREET, OGBEOWELLI, IBUSA, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 173 | SWAM MFB | 5, SWAM ROAD, GRA, WARRI, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 174 | VIBRANT MFB | OGBOWI HOUSE, OGBE-AKPU QUARTERS, ISSLE-AZAGBA, ANIOCHA NORTH L.G.A, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 175 | WETLAND MFB | 58, DECO ROAD, WARRI, DELTA STATE | DELTA | UNIT-TIER 1 | 200 MILLION |
| 176 | ANNOINTED MFB | 2, EFPURUN SAPELE ROAD, EFPURUN, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 177 | CREEKLINE MFB | 5, SWAM ROAD, GRA, WARRI, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 178 | DOLPHIN MFB | 72, ENEHEN, UDU CLAN, WARRI, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 179 | ELO QUARTERS | UROWHO STREET, ADAZI QUARTERS, OPPOSITE HOLY TRINITY ANGLICAN CHURCH, EMEDE, ISOKO SOUTH LGA, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 180 | ICB MFB | ILLAH-ASABA ROAD, OSHIMILI NORTH LGA, ILLAH, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 181 | IYEDE MFB | TOWN HALL SQUARE, OTOR-IYEDE, ISOKO NORTH LGA, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 182 | UMEJEI MFB | 124B, UMEJEI ROAD, P.M.B. 1007, IBEA OSHIMILI LGA, DELTA STATE | DELTA | UNIT-TIER 2 | 50 MILLION |
| 183 | MONARCH MFB | 35, UGHELLI WARRI ROAD, UGHELLI, DELTA STATE | DELTA | STATE | 1 BILLION |
| 184 | EBONYI STATE UNIVERSITY | EBONYI STATE UNIVERSITY, P.M.B. 53, ABAKALIKI, EBONYI | EBONYI | UNIT-TIER 1 | 200 MILLION |
| 185 | NDIAGU MFB | 6, BENDE ROAD, UMUAHIA, ABIA STATE | EBONYI | UNIT-TIER 2 | 50 MILLION |
| 186 | NGRO MFB LTD | 4, HOLY GHOST ROAD, UMUAHIA SOUTH LGA, ABIA STATE | EBONYI | UNIT-TIER 2 | 50 MILLION |
| 187 | OK WO OHA MFB | 4, HOLY GHOST ROAD, UMUAHIA SOUTH LGA, ABIA STATE | EBONYI | UNIT-TIER 2 | 50 MILLION |
| 188 | OZZIZA MFB | UTLRU, ISUIKWUATO LGA, ABIA STATE | EBONYI | UNIT-TIER 2 | 50 MILLION |
| 189 | POLYUNWANNA MFB | 103, JUBILEE ROAD, ABA, ABIA STATE | EBONYI | UNIT-TIER 2 | 50 MILLION |
| 190 | UMUNNACH MFB | MICHEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE, KM 7, UMUAHIA/IKOT EKPENE ROAD, IKWUANO UMUDIKE, ABIA STATE | EBONYI | UNIT-TIER 2 | 50 MILLION |
| 191 | AFEKHAPE MFB | AMAOHORO NKPA, BENDE LGA, ABIA STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 192 | ABC MFB | MISSION ROAD, OKADA, ORIN NORTH EAST, EDO STATE | EDO | STATE | 1 BILLION |
| 193 | ABOVE ONLY MFB | BISSION IAHOSA UNIVERSITY CAMPUS, UUBOR, BENIN CITY, BENIN STATE | EDO | UNIT-TIER 1 | 200 MILLION |
| 194 | AUCHI MFB | 69, EKIMAH-ODO ROAD, IBILLO, AKOKO-EDO LGA, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 195 | AVIUENEGBE MFB | 61B, BODE ROAD, JATTAI-AFEURE, ETSAKO WEST LGA, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 196 | EDO MFB | 40 OTARU ROAD AUCHI, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 197 | IGHOMO MFB | 2, JATTU ROAD, UBIJA, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 198 | LAPO MFB | 248, UGBOWO-LAGOS ROAD, BENIN CITY, EDO | EDO | NATIONAL | 5 BILLION |
| 199 | OKUTA MFB | 7 ROYAL STREET, P.O.BOX 6, EHIOR LHUNNWODE LGA, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 200 | OSOMHIE MFB | 35, SAKPONBA ROAD, BENIN CITY, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 201 | OTU MFB | 75, AKPAVAVA STREET, BENIN CITY, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 202 | PALMERA MFB (FORMERLY UROMI MFB) | 18, DAWSON ROAD, LYHOCHA QUARTERS, FUGAR, EDO STATE | EDO | UNIT-TIER 1 | 200 MILLION |
| 203 | PROSPERITY MFB | OLLUMA QUARTERS, OTLUO, AFIUZEL OWAN EAST LGA, EDO STATE | EDO | UNIT-TIER 2 | 50 MILLION |
| 204 | SIDC MFB | 16, MISSION ROAD, UROMI, EDO-STATE | EDO | UNIT-TIER 1 | 200 MILLION |
| 205 | TRUSTFUND MFB | NO 1 SILIKO RD BENIN CITY, EDO-STATE | EDO | STATE | 1 BILLION |
| 206 | UNIBEN | NNB BUILDING, RING ROAD, BENIN CITY, EDO, EDO STATE. | EDO | UNIT-TIER 1 | 200 MILLION |
| 207 | AMOYE MFB | NO 6, ADESUYA COLLEGE RD,GRA BENIN CITY. | EDO | STATE | 1 BILLION |
| 208 | ARAMOKO MFB | 35 ROYAL MARKET RD, EGIABE-EKPOMA, EDO STATE | EKITI | STATE | 1 BILLION |
| 209 | CONSISTENT TRUST MFB | UNIVERSITY OF BENIN, UGBOWO CAMPUS, BENIN CITY, EKITI STATE | EKITI | UNIT-TIER 2 | 50 MILLION |
| 210 | EK RELIABLE | COMMUNITY BANK PREMISES, OKE-AGU, IKERE EKITI, EKITI STATE | EKITI | UNIT-TIER 2 | 50 MILLION |
| 211 | IVIN EKITI MFB | CIVIC CENTRE, ARAMOKO EKITI, EKITI STATE | EKITI | UNIT-TIER 2 | 50 MILLION |
| 212 | OMIYE MFB | 77, BANK ROAD, IESA-IJU, EKITI, EKITI STATE | EKITI | UNIT-TIER 2 | 50 MILLION |
| 213 | SUNBEAM MFB | OBA ADELEYE ROAD, IKOLLE EKITI, EKITI STATE | EKITI | UNIT-TIER 2 | 50 MILLION |
| 214 | AKU DIEWA MFB | OBA ADELEYE ROAD, BUILDING, BESIDE FACULTY OF SOCIAL SCIENCES, EKITI STATE UNIVERSITY, ADO-EKITI, EKITI STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 215 | ARIS MFB | OGBOLABI STREET, IYIN EKITI, EKITI STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 216 | BETHEL MFB | COOPERATIVE BUILDING, MARKET SQUARE, ILUPERU EKITI, EKITI STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 217 | CHIDERA MFB | 1, UGBONHAN STREET, IFON ALAYE, EKITI STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 218 | COAL CAMP MFB | ENU ORIE UWELE, AKU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 219 | DEC-ENUGU MFB | ZIK AVENUE, UWANI, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 220 | DESTINY MFB | PLOT C/1 OWERRI ROAD EXTENSION, SECRETARIAT QTRS, ASATA, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 221 | EAST GATE MFB | 1/15, CHIME AVENUE, NEW HAVEN, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 222 | GOLDEN FUNDS MFB | 29, TAYLOR AVENUE, COALCAMP, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 223 | GOOD SHEPHERD MFB | 3-5, DEC AVENUE, INDEPENDENT LAYOUT, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 224 | GREENBANK MFB | 1, OLD AJU ROAD, AGRUTE, IGBO EZE NORTH LGA, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 225 | IFEANYICHUKWU MFB | 2A, KEDROTS AVENUE, G.R.A., ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 226 | INKPA MFB | 68, ABAK ALI ROAD, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 227 | KENECHUKWU MFB | 78, OLD OKOWE ROAD, NA QUARTERS, AWGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 228 | NSUKKA MFB | IMT CAMPUS, INDEPENDENCE LAYOUT, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 229 | OROBLO MFB | ISI-UZO LOCAL GOVERNMENT SECRETARIAT, ISI-UZO, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 230 | OGBETE MFB | BISHOP SHANAHAN HOSPITAL ANNEX, 46, ENUGU ROAD, OGBETE, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 231 | OIHA MFB | NO. 1, OGUI ROAD, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 232 | PRISCO MFB | 21, UNIVERSITY ROAD, OBOLLO-AFOR, UDENU LGA, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 2 | 50 MILLION |
| 233 | UMUCHINEMERE MFB | LOCAL GOVT. BUILDING, OGBETE MAIN MARKET, OGBETE, ENUGU STATE | ENUGU | STATE | 1 BILLION |
| 234 | UNN MFB | UNN NSUKKA, ENUGU STATE | ENUGU | STATE | 1 BILLION |
| 235 | URBAN MFB | PLOT 119, BESIDES PRISONS TRAINING SCHOOL, OLD PARK, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 1 | 200 MILLION |
| 236 | ABULI MFB | PLOT 5, IKWUATO STREET, UWANI, ENUGU, ENUGU STATE | ENUGU | UNIT-TIER 1 | 200 MILLION |
| 237 | ABUCOOP MFB | 203, MILLENIUM BUILDERS PLAZA, HERBERT MACAULAY WAY, CENTRAL BUSINESS DISTRICT, GARKI, ABUDA | FCT | UNIT-TIER 1 | 200 MILLION |
| 238 | ACE MFB | 3, DANJUMA STREET, OGUI LAYOUT, ENUGU, ENUGU STATE | FCT | UNIT-TIER 2 | 50 MILLION |
| 239 | ALLY MFB | 9, DUNUKOFIA STREET, AREA 11, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 240 | ALPHA KAPITAL MFB | SUITE 24, SHALOM PLAZA, PLOT 858, JOSEPH GOMWALK STREET, GUDU DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 241 | AMAC MFB | NEW BLOCK, AMAC SECRETARIAT, AREA 10, ABUJA, FCT | FCT | UNIT-TIER 1 | 200 MILLION |
| 242 | AMML MFB (ABUJA MARKETS MANAGEMENT LTD.) | PLOT 1353, LADOKE AKINTOLA BOULEVARD, GARI MODEL MARKET, GARKI, ABUJA | FCT | STATE | 1 BILLION |
| 243 | ANCHORAGE | HIGHBURY PLAZA, 104 GADO NASKO RD, KUBWA, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 244 | ATLAS MFB | PLOT 1077, CADASTRAL ZONE B02, OLD FEDERAL SECRETARIAT ROAD, BY AREA 3 JUNCTION, DURUMI, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 245 | BAM MFB | SUITE D77/67, AREA11 SHOPPING MALL, (BY FCDA JUNCTION), AHMADU BELLO WAY, AREA 11, GARKI, ABUJA, FCT | FCT | UNIT-TIER 1 | 200 MILLION |
| 246 | BANEX MFB | NO. 2, BANEX PLAZA, WUSE, WUSE II, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 247 | BFL MFB | ABUJA SHOPPING MALL, WUSE DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 248 | BUSINESS SUPPORT MFB | PLOT 92, OBAFEMI AWOLOWO WAY, SUITE B2/B3, JAB PLAZA, BESIDE THISDAY NEWSPAPER, JABI, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 249 | CAPON MFB | GARKI POLICE BARRACKS, GARKI, FCT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 250 | DANIELS GLOBAL MFB | PLOT 2387, HERBERT MACAULAY WAY, ZONE 5, WUSE, FCT ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 251 | DORBEN MFB | DL, LADOKE AKINTOLA BOULEVARD, OPPOSITE GARKI MARKET, GARKI, ABUJA, FCT | FCT | UNIT-TIER 1 | 200 MILLION |
| 252 | EWT MFB | SECRETARIAT ROAD, BWARI AREA COUNCIL, FCT ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 253 | RCT MFB | 36, OKOTIE-EBOH STREET, DISTRICT, ABUJA | FCT | STATE | 1 BILLION |
| 254 | FEDETH MFB | COMPLEX 3, SUITE 8, GARKI INTERNATIONAL MARKET, OPP AHMADI BELLO WAY, GARKI 2, ABUJA | FCT | STATE | 1 BILLION |
| 255 | FIDFUND MFB | SECRETARIAT, KWALI AREA COUNCIL, FCT ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 256 | FIRST MULTIPLE | FEDERAL SECRETARIAT, PHASE 1, ROOM 5B 022, ANNEX III, SHEHU SHAGARI WAY, ABUJA. | FCT | UNIT-TIER 1 | 200 MILLION |
| 257 | GRANT MFB | 29, EKINNAM STREET, UTAKO DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 258 | FUTURE GROWTH MFB | CITY PLAZA 2ND FLOOR, PLOT 59, AHMADU BELLO WAY, GARKI, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 259 | HASAL MFB | QUEENHEM PLAZA, PLOT1019, AMINU KANO CRESCENT (OPPOSITE MR. BIGGS), WUSE II, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 260 | LAWYERS MFB | 38, GANA STREET, MAITAMA DISTRICT, ABUJA | FCT | STATE | 1 BILLION |
| 261 | NIGERIAN NAVY MFB | 1121, OBAFEMI AWOLOWO WAY, WUSE ZONE 6, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 262 | PRESTIGE | PLOT 59C, AREA 11, GARKI, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 263 | PILLAR MFB | BANK 6, PIERA CLOSE, WUSE II, FCT | FCT | UNIT-TIER 1 | 200 MILLION |
| 264 | REGENT MFB | PLOT 224, PHASE 2, SPECIALIST HOSPITAL ROAD, OPP. GIFTED SCHOOL, GWAGWALADA | FCT | UNIT-TIER 1 | 200 MILLION |
| 265 | ROYAL LIFE KEY MFB | PLOT 2103, HERBERT MACAULAY WAY, WUSE ZONE 6, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 266 | SAFE HAVEN MFB | GOUBA PLAZA, BESIDE CHISCO, UTAKO, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 267 | TRIDENT MFB | 1, NYNEX PLAZA, BEHIND NNPC FILLING STATION, 2ND AVENUE, GWARINPA EXPRESSWAY, KUBWA, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 268 | TRUST MFB | SUITE 304, 2ND FLOOR, PARDA PLAZA, CONSTANTINE STREET OFF SHIRATON HOTEL ROAD, WUSE ZONE 4, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 269 | UMF MFB | GARKI MODERN MARKET, SECTION 4, SHOP 6, BLOCK 4, GARKI, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 270 | VISAMFB | 5, DARE- SALAM (OFF AMINU KANO CRESCENT), WUSE II, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 271 | VISCOUNT MFB | PLOT 481, UTAKO DISTRICT BY PEACE PARK, UTAKO, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 272 | BLUAVERO MFB | 12, JULIUS NYERERE CRESCENT, AROKORO, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 273 | NEW DAWN | SUITE 2, UNIT 4-5 PERSON MALL, PLOT 24/25 HERBERT MACAULAY WAY, WUSE ZONE 4, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 274 | JEWEL COOP MFB | PLOT 1186 CADASTRAL ZONE B06, MARUBI DISTRICT, ALONG KADO EXPRESSWAY, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 275 | SHONGON MFB | 1, EKEKNAM STREET, OPPOSITE UTAKO MODERN MARKET, UTAKO, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 276 | TANGALE MFB | BLOCK B-SB1, 2 HEROES PLAZA, 145, ADETOKUNBO ADEMOLA CRESCENT, WUSE II, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 277 | ORIE-AKOTA MFB | 50, LIBREVILLE STREET, OFF AMINU KANO CRESCENT, WUSE II, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 278 | ALLWORKERS MFB | PFT05, MKK COMPLEX, GUDU MARKET COMPLEX JUNCTION, GUDU, DISTRICT, ABUJA, FCT | FCT | UNIT-TIER 1 | 200 MILLION |
| 279 | ALYANA MFB | 3RD FLOOR, EKITI HOUSE, PLOT 1043, KASIR KANO MOHAMMED STREET, CENTRAL BUSINESS DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 280 | AMAZU MFB | PLOT 862, SOLOMON LAR WAY, CADASTRAL ZONE B5, UTAKO DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 281 | AMLICHA MFB | SUITE 9/10 BLOCK C POWA SHOPPING COMPLEX NYANYA, KANU, FCT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 282 | BRIDGEHOUSE | 1ST FLOOR, OGUYI LOT 1, JUSI, ADEGBO ADESANYA STREET, UTAKO DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 283 | CHIRKUM MFB | 2ND FLOOR, OGUYI LOT 1, JUSI, ADEGBO ADESANYA STREET, UTAKO DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 284 | EVANGEL MFB | 2ND FLOOR, OGUYI LOT 1, JUSI, ADEGBO ADESANYA STREET, UTAKO DISTRICT, ABUJA | FCT | UNIT-TIER 1 | 200 MILLION |
| 285 | FAME MFB | OPPOSITE MINISTRY OF COMMERCE AND TRADE, OLD ORA SECRETARIAT, DUKKU ROAD, GOMBE TOWN, GOMBE STATE | GOMBE | UNIT-TIER 2 | 50 MILLION |
| 286 | FED POLY NEKEDE MFB | 3, NEW MARKET ROAD, GOMBE | GOMBE | UNIT-TIER 2 | 50 MILLION |
| 287 | FINCA MFB | COMMERCIAL LAYOUT, OPPOSITE UNITY BANK, GOMBE, LOCAL GOVERNMENT AREA, GOMBE STATE | GOMBE | UNIT-TIER 2 | 50 MILLION |
| 288 | PLUTO MFB | OFF YOLA ROAD, ADACENT POST OFFICE, KALTUNGO, PMB 17, KALTUNGO GOMBE STATE | GOMBE | UNIT-TIER 2 | 50 MILLION |
| 289 | RIMI-GADO MFB | 60, GOMBE YOLA ROAD, BILIIRI, GOMBE STATE | GOMBE | UNIT-TIER 2 | 50 MILLION |
| 290 | ROGO MFB | ORIE-AKOTA MARKET SQUARE, IDATO NORTH LGA, GOMBE STATE | GOMBE | UNIT-TIER 2 | 50 MILLION |
| 291 | TAKAI MFB | 30, MBARI STREET, KIENEGBU LAYOUT, OWERRI, IMO STATE | IMO | UNIT-TIER 1 | 200 MILLION |
| 292 | TAKAI MFB | ALVAN IKOKU COLLEGE OF EDUCATION, ORLU ROAD, OWERRI, IMO STATE | IMO | UNIT-TIER 1 | 200 MILLION |
| 293 | TUDUN WADA | ORLU MGBIDI ROAD, AMSU EBNATON ORSU, IMO STATE | IMO | UNIT-TIER 1 | 200 MILLION |
| 294 | TUDUN WADA | BANK HOUSE, AMUCHA, VIA ORLU, ANAMBRA, IMO STATE | IMO | UNIT-TIER 1 | 200 MILLION |
| 295 | TSANYAWA | JINA PLAZA, RELIEF MARKET, OWERRI, IMO STATE | IMO | UNIT-TIER 1 | 200 MILLION |
| 296 | TUDUN WADA | CATHOLIC ARCHDIOCESE OF OWERRI, VILLA ASSUMPTA, OWERRI, IMO STATE | IMO | STATE | 1 BILLION |
| 297 | UNGOGO MFB | OMOKU ROAD, MHEBU EGBEMA, OHAJI/EGBEMA L.G.A., IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 298 | WOMEN DEV. MFB | NO 2, MCCURRATA ROAD, OWERRI, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 299 | WRA MFB | SAM MBAKWE INTERNATIONAL CARGO AIRPORT, OWERRI, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 300 | WUDIL MFB | FEDERAL POLYTECHNIC, NEKEDE, NEKEDE TOWN, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 301 | BAT MFB | 20, WETHERAL ROAD, OWERRI, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 302 | BAURE MFB | FEDERAL UNIVERSITY OF TECHNOLOGY, OBINZE, IMO STATE | IMO | UNIT-TIER 2 | 50 MILLION |
| 303 | BAJAJIDDA MFB | AFOR MARKET SQUARE, AKATTA, ORLU-EAST LGA, 21 ORLU ROAD, AMAIGBO, |
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Amended 1 time · last 2020-04-30
This document supersedes: Review of Minimum Capital Requirement for Microfinance banks in Nigeria
Source: Central Bank of Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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