Nigeria Bank Review

Mr. Godwin Emefiele (CON) Governor  Since - 6/3/2014 Mr. Adebayo Adelabu Deputy Governor, Operations Directorate  Since - 4/9/2014. Dr. Okwu Joseph Nnanna Deputy Governor, Economic Policy Directorate Since - 2/3/2015 Mrs. Aishah N, Ahmad Deputy Governor, Financial Systems Stability Directorate Since - 3/28/2018 Mr. Edward L. Adamu Deputy Governor, Corporate Services Directorate Since - 3/28/2018 Alhaji Ahmed Idris Accountant General of The Federation  Since - 6/25/2015

History of The CBN G. D. Paton Report The period 1892 - 1952, there was an enquiry by the then colonial administration to investigate banking practice in Nigeria. The G. D. Paton Report which emanated from the enquiry was the basis for the first Banking Ordinance of 1952. The ordinance was designed to ensure orderly commercial banking and to prevent the establishment of unviable banks. A draft legislation for the establishment of Central Bank of Nigeria was presented to the House of Representatives in March, 1958. The Act was fully implemented on 1 July, 1959 when the Central Bank of Nigeria came into full operations. Central Bank Act, 1958  The Central Bank Act, 1958 (as amended) and the Banking Decree 1969 (as amended) constituted the legal framework within which the CBN operates and regulates banks. The wide range of economic liberalization and deregulation measures following the adoption, in 1986, of a Structural Adjustment Programme (SAP) resulted in the emergence of more bank...

Past Governors (Late)Roy Pentelow Fenton   Served From: 7/24/1958  - 7/24/1963 (Late)Alhaji Aliyu Mai-Bornu   Served From: 7/25/1963  - 6/22/1967 (Late)Dr. Clement Nyong Isong   Served From: 8/15/1967  - 9/22/1975  Mallam Adamu Ciroma   Served From: 9/24/1975  - 6/28/1977 (Late)Mr. O. O. Vincent   Served From: 6/28/1977  - 6/28/1982 (Late)Alhaji Abdulkadir Ahmed   Served From: 6/28/1982  - 9/30/1993  Dr. Paul A. Ogwuma, OFR   Served From: 10/1/1993  - 5/29/1999  Chief (Dr.) J. O. Sanusi, CON   Served From: 5/29/1999  - 5/29/2004  Prof. Chukwuma C. Soludo, CFR   Served From: 5/29/2004  - 5/29/2009  Mallam Sanusi Lamido Sanusi (CON)   Served From: 6/3/2009  - 6/2/2014

Central Bank Of Nigeria Committee of Governors  Mr. Godwin Emefiele (CON) (Chairman, Board of Directors ) Governor  Serving Since Tuesday, June 03, 2014 - To Date  Mr. Adebayo Adelabu (Board Member)  Deputy Governor, Operations Directorate  Serving Since Wednesday, April 09, 2014 - To Date  Dr. Okwu Joseph Nnanna (Board Member)  Deputy Governor, Economic Policy Directorate Serving Since Tuesday, February 03, 2015 - To Date  Mrs. Aishah N, Ahmad (Board Member)  Deputy Governor, Financial Systems Stability Directorate  Serving Since Wednesday, March 28, 2018 - To Date  Mr. Edward L. Adamu (Board Member)  Deputy Governor, Corporate Services Directorate Serving Since Wednesday, March 28, 2018 - To Date

   Bank Verification Number, BVN, is a CBN initiative to check fraud in the banking system by giving every customer in the Nigerian banking system a unique identification number that can be verified across all banks in Nigeria. below are 7 things You Need To Know About the bank verification Number which in past week has caused a huge congestion in our banks Nationwide.   Things You Need To Know About BVN According To A Post On Nairaland . 1.Your BVN gives you a unique identity that can be verified across ALL Nigerian Banks (it is not peculiar to one Bank) 2.Your Bank Accounts are protected from unauthorized access 3.It reduces fraudulent activities on bank accounts 4.Gives easy access to Banking operations 5.Your BVN is accepted as a means of identification across ALL Nigerian Banks 6.Registration in one bank covers all accounts the individual might have in all other banks 7.The deadline for registration is Tuesday, 30th June, 2015.  8. A small temporary registr...

    FEMAZ Microfinance Bank Limited Abuja, is one of the leading and fast growing full-fledged Microfinance Banks, licensed by the Apex Bank (CBN) to provide financial services to micro, small and medium scale enterprises (MSME) and empower individuals in the low bottom of the pyramid that are excluded from financial services in Nigeria. FEMAZ Microfinance Bank Limited evolved from an active financial cooperative (FEMAZ Financial Cooperative Ltd.), over the last 3 years with a national license as a cooperative to operate in the 36 states of the federation. The bank has over 8 locations/cash centers in the FCT covering the six area councils; AMAC, Gwagwalada, Kuje, Bwari and Kwali and other parts of country which includes Lagos, Asaba, Owerri, Calabar, Onitsha, Enugu and Uyo which has enabled Femaz MFB to deliver micro finance services to residents of these locations. Their credit process has a turnaround time of 5 working days from application to disbursement with an effective...

Established in 2006, Accion Microfinance Bank Limited began operations in May 2007 on license from the Central Bank of Nigeria. Their management team comprises seasoned and distinguished professionals from diverse backgrounds complemented by the expertise of their technical partners, ACCION International. At Accion Microfinance Bank their core values, business philosophy and methodology distinguish them as one of the leading microfinance banks in Nigeria. Also Read: Deji Popoola biography Integrity They adhere to the highest ethical standard; employing fairness, probity and mutual respect in all we do. Leadership They are committed to an attitude and culture of positively influencing the environment around us both as an organization and individually through our people. Teamwork They collaborate with all our stakeholders by effectively interacting and proactively building effective and value adding relationships to achieve our shared goals.   Learn More

Mainstreet Microfinance Bank which commenced operation in 2009 has its headquarters at 94, Broad Street, Lagos Island, Lagos. Their email address is info@mainstreetbankmfb.com. The bank was formerly known as Afribank microfinance bank.   Also Read: Godwin Esangbedo

    AB Microfinance Bank was founded in 2002 by a financial institution owned by foreigners. The bank which is based in Lagos has assisted a lot of entrepreneurs and individuals in assessing quickly loan. The headquarters of the bank is located at no 11, Oba Akran Avenue, Ikeja Lagos with other branches.

In Nigeria, Microfinance banks have led to the establishment of small and medium scale enterprises through their loaning schemes. Most microfinance however only have few branches and operates within an area such as a state, Local Government Area while there are some that have just a branch.    Microfinance banks are mini banks which do not have the capital, fame or spread of commercial banks. They are however also important as they help individuals or groups with loans especially farmers and small and medium scale entrepreneurs.    This therefore makes it impossible for them to compete with banks which in most cases have branches all over the country and even abroad. Microfinance banks are therefore mostly favourable for small and medium scale entrepreneurs who are able to access loans from the bank to grow their business and then pay back over an agreed period.   Top Microfinance Banks in Nigeria include: AB Microfinance Bank AB Microfinance Bank was found...

       Adeyoola Adebayo ACIS is a graduate of law from the University of Lagos. She was admitted to the Nigerian bar in 2005. Adeyoola has vast experience of over 10 years in company law, company secretarial practice both in private and not for profit organizations, corporate governance and administration. She is a member of the Chartered Institute of Secretaries and Administrators (UK). Adeyoola is currently the Head of Legal and Company Secretary at Fina Trust Microfinance Bank.        

    Adetutu Fasina-Thomas holds a Bachelor of Arts degree in English &Literature from University of Ado-Ekiti and Masters in Business Administration (MBA) from Ladoke Akintola University of Technology.    She started her banking career in 2006 with First City Monument Bank (FCMB) and joined Fina Trust Microfinance Bank Ltd in 2011. Over the years, she has gained different banking experience from Branch Operations, Treasury Marketing, Retail/SME Banking and Consumer Banking.      Her marketing experience started as an Executive in the Treasury Department at Fina Trust Microfinance Bank before being deployed to Retail Banking. She rose to the position of a Branch Manager in 2015 and presently heads, Specialized Business and Consumer Banking.    Source:  www.finatrustmfbank.com/Our-Management.html#small-dialog30

  Biography of Felix Sadare, Fina Trust Microfinance bank Chief Risk officer.     Sadare Felix started banking in 1991 at the then Nigerian American Merchant Bank now FCMB where he spent 4 years before joining DCNL, a construction company where he spent more than 8 years as head of Accounts. Thereafter, he joined IMFB in 2007 as Deputy Head of Risk Management Group of the Bank with over 56 staff reporting to him from 20 states of the federation under his supervision. In 2009, he moved to BIMFB as Manager and Head of Credit and Collections department.     He has attended various trainings on credit, Enterprise Risk Management (ERM), customer's relation, management etc. He is an Associate Member Chartered Institute of Economist (ACE), Certified Microfinance Banker (MCIB). He was the Regional Manager for Lagos Operations at Blue Intercontinental Microfinance Bank. He is currently the Chief Risk Officer at Fina Trust Microfinance Bank.

  Biography of Gods will Esangbedo, Fina Trust Microfinance Bank Head of Internal Control.    Godswill Esangbedo, is FinaTrust microfinance current Head Internal Control has 22 years banking experience. He started his banking career with the Central Bank of Nigeria and thereafter joined Geomesaf and Company as a Treasury Officer. He later moved to Commercial Bank of Africa where he worked in the Operations, Marketing and Audit department. In 1996, he joined Citizens International Bank and worked in Internal Control and Audit, rising to the position of Head of Internal Control Unit of the bank. In 2005, he moved over to Marketing Unit of the bank and was the branch manager of Benin, Asaba and Warri Branches respectively. In 2008, he became the Zonal Manager of the bank and grew the balance sheet of the Zone significantly. He is a Chartered Accountant and Fellow of the Institute of Industrial Security and member of the Information Security Audit Association.

 Managing director of Fina Trust Microfinance Bank, Biography of Deji Popoola, Read Below    He started his career at African International Bank and subsequently also gathered various banking experience ranging from Commercial Banking, Retail Banking, Oil & Gas and Branch Management Operations. He has worked with some of the leading banks in the country that include Oceanic Bank Plc, UBA, Ecobank Plc and others where he had a very progressive career growth.    He has over 23 years experience spanning from Auditing, Banking, Consulting to Real Estate Investment. Prior to now he was the Pioneer MD/CEO of Citiserve Micro Finance Bank, VG Estates Ltd before Joining Fina Trust Micro Finance Bank as the pioneer MD/CEO.    He is a graduate of Management & Accounting, and also holds MBA from Obafemi Awolowo University Ile–ife. He is a Member of the Chartered Institute of Stockbrokers (CIS) and a Fellow of the Institute of Chartered Accountants of Niger...

Fina Trust Microfinance Bank, is one of the best microfinance bank in Nigeria today,        Below Is The List Of Their Board Of Management . 1.Deji Popoola - Managing Director 2.Godswill Esangbedo - Head, Internal Control 3.Sadare Felix - Chief Risk Officer 4.Adetutu Fasina-Thomas - Head, Specialized Business and Consumer Banking 5.Adeyoola Adebayo - Head of Legal and Company Secretary    Source: www.finatrustmfbank.com

   Fina Trust Microfinance Bank LTD, is a one of the best microfinance bank in Nigeria located in Lagos Nigeria.     Below is the list of their Directors. 1.Pastor. Ituah Ighodalo - Chairman 2.Mr. Deji Popoola - Managing Director 3.Mr. Bayo Rotimi - Director 4.Mr. Kunle Adeoye - Director 5.Mrs. Adeyinka Adelekan - Director 6.Mr. Keji Kilanko - Director 7.Oba Adeyeye Enitan Ogunwusi - Director

One of Fina Trust Microfinance key assets are their people and as they succeed in the markets they operate in, they need to build and strengthen their foundations. They have a number of opportunities for all levels, backgrounds and ambitions.     Learn More

Fina Trust Microfinance Bank of Nigeria, Fna trust microfinance bank history and review, Fina trust microfinance bank in Lagos,     Fina Trust Microfinance Bank is one of Nigeria's foremost Microfinance Bank. Its final license was secured from the Central Bank of Nigeria in September 2009 as Microfinance Bank and commenced operations in October 2009.      At Fina Trust Microfinance Bank, they have built their resounding success on excellent service delivery in a uniquely customer friendly environment through professional staff, leveraging on world-class technology. Their continuous investment in information technology and their people sets them apart from others.    In the last few years, they have attracted patronage from the Small & Medium Scale subsector of the economy, carved a niche as a supportive Bank for Retail businesses and empowering Micro businesses through distinctive services. The Bank's commitment to value creation for all its stakeh...

LAPO (Lift Above Poverty Organization) runs a microfinance bank that is aimed at assisting the Nigerian micro-entrepreneur obtain access to credit, savings instruments and other financial services. The major advantage of obtaining loans from LAPO is that the repayment plan is in small installments. In addition, transaction costs are minimal, collateral is not required and you don't need to fill up a mountain of paperwork. To obtain credit from LAPO, you'll be required to fill a registration form, open an account with 10% of the amount you intend to borrow, get two guarantors who will be visited by a LAPO liaison officer. The repayment plan for the typical LAPO loan is up to tenure of 8 months, an interest rate of 2.2% and a 1% monthly contribution of the loan that will be available to you for withdrawal when you repay the loan.

    AB Microfinance Bank Nigeria makes it easy for Nigerian entrepreneurs to obtain loans in a quick, transparent and efficient environment. The major benefit of obtaining loans from AB Microfinance is that you can obtain up to N1.5 million in loans from its Maxiplus loan plans.     To obtain loans from AB Microfinance, you don't need to provide a mandatory deposit/savings account; in fact, you need not provide audited financial statements. Depending on the size of the loan, the repayment plan can run from 5 to 18 months, but you should be prepared to pay interests of up to 6% on declining balance.

Mainstreet Bank Micro Finance Bank (MFB) is child-company of Mainstreet Bank and it is licensed by the Central Bank of Nigeria to provide Nigerians with micro-financial services. Since starting operations in 2009, Mainstreet MFB has given out more than N1.3 billion in loans and the average loan per customer stands at about N257,000. To obtain loans from Mainstreet MFB, you'll need to visit the bank's office at 94, Broad Street, Lagos or make inquiries at the closest Mainstreet Bank. Alternatively, you can call: 234--01-2137072, 234--01-2137079 or email info@mainstreetbanklimited.com for more information.

   Microfinance banks that gives loan without collateral, top microfinance bank in Lagos.. LAPO Microfinance Bank Limited LAPO (Lift Above Poverty Organization) runs a microfinance bank that is aimed at assisting the Nigerian micro-entrepreneur obtain access to credit, savings instruments and other financial services. The major advantage of obtaining loans from LAPO is that the repayment plan is in small installments. In addition, transaction costs are minimal, collateral is not required and you don't need to fill up a mountain of paperwork. To obtain credit from LAPO, you'll be required to fill a registration form, open an account with 10% of the amount you intend to borrow, get two guarantors who will be visited by a LAPO liaison officer. The repayment plan for the typical LAPO loan is up to tenure of 8 months, an interest rate of 2.2% and a 1% monthly contribution of the loan that will be available to you for withdrawal when you repay the loan. AB Microfinance Bank Nigeria ...

    List of Zenith Bank Branches and locations in Nigeria ,  Algeria Street Branch Address: Plot 2883, Algeria Street, Zone 3, Wuse, Abuja. Phone: +234 9 5238996, 5232652, 5240268-9 Aminu Kano 1 Branch Address: Plot 681, Aminu Kano Crescent, Opp. GLOBACOM, Wuse II, Abuja. Phone: +234 9 5241370, 5241371-7 Aminu Kano 2 Branch Address: Opp. Banex Plaza, Aminu Kano Crescent, Wuse II, Abuja. Phone: +234 9 4611300-5, 4136001-9 Bharmoss Shopping Complex Branch Address: Bharmoss Shopping Complex, Opp Utako Market, 21, Ekuntinam Street, Utako, Abuja. Phone: +234 9 7809697, 7805632, 07027860838 Bwari Branch Address: Opp JAMB Office, Bwari, Abuja. Phone: +234 (0)8037043488 Cadastral Zone Branch 1 Address: R15 Cadastral Zone, Opposite NIPOST, Gwagwalada, Abuja. Phone: +234 9 8820482, 8820483, 8820484; Fax: +234 9 8820489 Cadastral Zone Branch 2 Address: Plot 796, Ahmadu Bello Way, Cadastral Zone A3, Garki II, Abuja. Phone: +234 9 2341104, 2341119, 2341063; Fax: +234 9 2341063 FMBN Bu...

Zenith Bank Branches, Customers care, City, Phone number, Emails And locations around Nigeria:   N Branch City Address Phone Nos Email 1 Kaduna 3 Branch Kaduna North Q2 Kano Road, Off Ahmadu Bello Way, Kaduna. 062-290768, 062-290769 kaduna3BranchGroup@zenithbank.com 2 Aba Aba 1, Eziukwu Road, Aba, Abia State. 234-82-223803, 220467, 220470 aba@zenithbank.com 3 Aba 2 (Asa Road) Aba 3/5 Port Harcourt Road 234-082-233100, 233102, 233104, 233097, 554365 asaroad@zenithbank.com 4 Osisioma (Aba 4) Aba ZENITH BANK PLC,OSISIOMA BRANCH OPPOSITE NNPC DEPOT, OSISIOMA INDUSTRIAL LAYOUT, ABA +234-82-290290, 290200, 290111 Osisiomabranchgroup@zenithbank.com 5 Aba3 Aba 172 Faulks Road, By Ariaria Int'l Market Aba Abia state 234-82-290017, 290019 aba3branchgroup@zenithbank.com 6 Abakaliki Abakaliki 27A, Ogoja Road, Abakaliki, Ebonyi. 234-043-220940, 221191, 221114, 221135 abakaliki@zenithbank.com 7 Afikpo Abakaliki 14,...