MFB credit filings jump 38.4%, hit 22,977

The Punch | 09-09-2026 01:31am |

Credit filings by microfinance banks (MFBs) in Nigeria surged by 38.4% in the first quarter of 2026, reaching 22,977. This growth reinforces their dominance in the secured-credit market, despite a notable increase in commercial bank activity. The data highlights the expanding role of MFBs in providing credit access.

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