01/07/2026
π¨ BREAKING NEWS: CBN SHUTS DOWN 46 MICROFINANCE BANKS IN NIGERIA
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 Microfinance Banks across the country with immediate effect.
Full List of the Affected Banks:
1. Minji-Se Churchill MFB (Rivers)
2. Merchant MFB (Abia)
3. Janmaa MFB (Kwara)
4. Busu MFB (Niger)
5. Gold MFB (Lagos)
6. Zain MFB (Formerly Dawakin Tofa MFB) β Kano
7. Bompai MFB (Kano)
8. Ajwa MFB (Formerly Gezawa MFB) β Kano
9. NOW NOW Digital MFB (Kano)
10. Crystabel Microfinance Bank (Bayelsa)
11. Chanelle MFB (Lagos)
12. Abia SME MFB (Abia)
13. Kamba MFB (Kebbi)
14. Iwade MFB (Ogun)
15. Winview MFB (FCT Abuja)
16. Zuru MFB (Kebbi)
17. Minjibir MFB (Kano)
18. Shanono MFB (Kano)
19. Sumaila MFB (Kano)
20. Rimin Gado MFB (Kano)
21. Mwaghavul MFB (Plateau)
22. Sycamore MFB (Kano)
23. TOFA MFB (Kano)
24. Safegate MFB (Lagos)
25. Creekline MFB (Delta)
26. Bestar MFB (Oyo)
27. Livingspring MFB (Cross River)
28. Apple MFB (Ogun)
29. Stanford MFB (Akwa Ibom)
30. Frontline MFB (Anambra)
31. Zafec MFB (Kaduna)
32. Supreme MFB (Lagos)
33. Bejin-Doko MFB (Niger)
34. Kanopoly MFB (Kano)
35. Bellbank MFB (Formerly Tsanyawa MFB) β Kano
36. Yeneng MFB (Plateau)
37. Creditville MFB (Lagos)
38. MBAG MFB (Lagos)
39. Straight Sahara MFB (Benue)
40. OURPASS MFB (Ondo)
41. Verdant MFB (Lagos)
42. Basawa MFB (Kaduna)
43. CASHA MFB (FCT Abuja)
44. ESTEEM MFB (Kano)
45. Entrepreneur MFB (Lagos)
46. Avantus MFB (Osun)
β οΈ Important: This action applies to Microfinance Banks only. It does NOT include commercial banks such as Access Bank, GTBank, Zenith Bank, UBA, First Bank, Fidelity Bank, FCMB, Stanbic IBTC, Union Bank, Wema Bank, Keystone Bank, Polaris Bank, Ecobank, Providus Bank or others.
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