The Central Bank of Nigeria (CBN) has published the list of licensed finance companies, Microfinance Bank (MFBs), Bureaux De Change (BDCs) and Deposit Money Banks (DMBs) and Finance Holding Companies operating in Nigeria as at 30th September 2019.
Currently, there are against 77 Licensed Finance Companies; 911 CBN Licensed Microfinance Banks; 33 Deposit Money Banks (DMBs) and Finance Holding Companies; and 5,097 Bureaux De Change in Nigeria as at September, 30, 2019 as against 63 Licensed Finance Companies; 882 CBN Licensed Microfinance Banks; 35 Primary Mortgage Banks; and 4,345 Bureaux De Change in Nigeria as at September, 30, 2018.
|SN||Financial Institution (s)||30th Sept, 2019||30th Sept, 2018||Diff||% Chg|
|1||Deposit Money Banks and Finance Holding Companies||33||30||3||10.00%|
|2||Licensed Finance Companies||77||63||14||22.22%|
|4||Bureaux De Change||5,097||4,345||752||17.31%|
|5||Primary Mortgage Banks||35||35||0||0.00%|