Ranked Data · Microfinance-bank licence watch
Check the register and the revocation record.
The CBN's live microfinance-bank register returned 829 records when retrieved on 2026-09-08. It has no official as-at date, and a name appearing there does not, by itself, prove a current licence.
Dated NDIC notices
NDIC's 9 July 2026 notice describes the CBN's revocation of 46 MFB licences on 1 July 2026 and lists the affected banks. The corresponding CBN press-release API also lists the announcement dated 1 July 2026; its PDF was inaccessible during our check.
NDIC's 25 May 2023 notice describes 179 recently closed MFBs and four primary mortgage banks. The 179 is NDIC's stated headline count; the MFB table's numbering ends at 178. These are historical events, not a calculation of today's operating population.
Names appearing in both records
These selected CBN register entries were still present on 8 September 2026; the paired names appear in NDIC's July notice. Spelling is preserved separately for each source. Use the original notice and regulator confirmation before making a decision.
| CBN register spelling | NDIC notice spelling | NDIC row |
|---|---|---|
| GOLD MFB | Gold Microfinance Bank | 29 |
| MINJIBIR MFB | Minjibir Microfinance Bank | 17 |
| BOMPAI MFB | Bompai Microfinance Bank | 14 |
| CRYSTABEL MFB | Crystabel Microfinance Bank | 7 |
| Abia SME Microfinance Bank | Abia SME Microfinance Bank | 2 |
| Ourpass Microfinance Bank Limited | OurPass Microfinance Bank Limited | 41 |
Deposit-insurance coverage: dated policy
NDIC's announcement signed 2 May 2024, posted 3 May 2024, raised maximum MFB deposit-insurance coverage from ₦200,000 to ₦2,000,000. NDIC said the revised limit covered 99.27% of MFB depositors in its assessment. That percentage belongs to the 2024 announcement; it is not a new measurement taken in 2026.
Confirm that the institution and deposit qualify, and use NDIC's current claims instructions. A coverage ceiling does not guarantee recovery of every balance or establish that an institution is currently authorised to accept deposits.
Before depositing money
- Match the institution's exact legal name and licence class on the CBN record.
- Check later revocation notices and name changes, including NDIC's original notices.
- Confirm the institution's status with the regulator if records disagree; a directory badge cannot settle that conflict.
Sources and measurement notes
Retrieved and checked: . Count of the CBN API's returned register records plus explicitly attributed NDIC notices. Separate reporting dates and denominators are retained; the sources are not combined into a current licence count.
- CBN live microfinance-bank register API
Publication date: not stated for this edition. This live register has no stated as-at or publication date; the date here is Ranked's retrieval date.
Where to check: Top-level JSON array: 829 rows retrieved; count is of returned records, not a count of currently licensed banks.
- NDIC increases maximum deposit insurance coverage for bank depositors
Publication date: 2024-05-03. The press release is signed 2 May 2024 and its web page is dated 3 May 2024.
Where to check: MFB coverage paragraph: N200,000 to N2,000,000; depositor-coverage paragraph: 99.27%.
- NDIC update on revocation of 46 microfinance-bank licences
Publication date: 2026-07-09. The NDIC page displays 9 July 2026.
Where to check: Opening paragraphs and numbered list of 46 affected MFBs; effective date 1 July 2026.
- NDIC notice to depositors of 179 recently closed MFBs and four PMBs
Publication date: 2023-05-25. The NDIC page displays 25 May 2023. Its table numbering ends at 178; 179 is the notice's stated count, not our row count.
Where to check: Notice headline and introduction; MFB count 179, distinct from four PMBs.
- A name appearing in the live CBN register is not proof of a current licence. Check dated revocation notices and legal-name changes before acting.
- NDIC's 99.27% describes its coverage assessment in the 2024 announcement; it is not a newly measured 2026 coverage rate.
- CBN revocation PDFs returned HTTP 403 during this check; the related numeric events are attributed to accessible original NDIC notices.