Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » CBN approves national banking license for Fortis Mfb

    CBN approves national banking license for Fortis Mfb

    August 27, 2015
    Share
    Facebook Twitter LinkedIn WhatsApp

    27 August 2015, Abuja — The Central Bank of Nigeria, CBN, has granted a national micro-finance banking license to Fortis Microfinance Bank Plc.

    Fortis MFB is currently the largest micro-finance institution in Abuja and the North Central region. The Chairman, Fortis MFB, Mr. Felix Achibiri, in a statement yesterday said the institution was poised to replicate its successes nationwide.

    Central Bank of Nigeria, CBN.
    Central Bank of Nigeria head office, Abuja.

    He said: “Fortis Microfinance Bank Plc from the onset was clear that it will build a world-class bank of Nigerian origin and with the right workforce that places customers at the heart of all its activities”. “With a national banking license Fortis will be driving the Central Bank of Nigeria’s financial inclusion programme across the country by providing financial services to all the states of the federation.

    He said: “Our success story over the years will be replicatednationwide and we will also through the use of technology bring banking to the door step of all Nigerians particularly those at the base of the economic pyramid who are either underserved,underbanked or out rightly disenfranchised by the conventional financial service providers”. Fortis MFB Is also the second microfinance bank in the country to be listed on the Nigerian Stock Exchange (NSE) as well as the only microfinance bank to be issued a Mobile Payment license by the CBN.

    Achibiri further disclosed that Fortis had partnered and deepened relationships with multilateral companies, governmentagencies and institutions and Non Governmental Organisationsthat share the vision of the institution. He said: “Specifically in order to deepen penetration and bring flexible solutions to our customers we kept fresh our relationships with FMO of Netherlands, Symbiotics of South Africa, African Development Bank, Bank of Industry, Trio dos Bank – Netherlands, USAID, TOTAL E&P, Shelter Afrique, Equator Capital, Cyrano Capital and a host of others still at different stages of discussions and engagements.”

    – This Day

    Related News

    SW, SS bear N1.48trn VAT burden as other regions reap bigger payouts in Q1 2025

    AfDB cuts Africa’s 2025 growth forecast on trade tariffs uncertainty

    Nigerian equities rise as export competitiveness and investor sentiment improve

    E-book
    Resilience Exhibition

    Latest News

    TotalEnergies sells 12% Bonga oilfield stake to Shell for $510m

    May 29, 2025

    Port Harcourt Refinery host communities urge National Assembly to probe shutdown

    May 29, 2025

    Oil market volatile amid changes in supply and demand expectations

    May 29, 2025

    Nigeria pushes intra-African gas trade agenda at AET conference

    May 29, 2025

    Nigeria’s National Assembly backs steel sector revival

    May 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.