Assets of Micro Finance Banks Increases

The total assets of Nigeria’s microfinance banks increased to N1.35tn by the end of September 2021, from N856.3bn recorded in September 2020.

This was contained in report by the Central Bank of Nigeria, CBN.

According to the report, the number of microfinance banks rose from 876 as of June 30, 2021 to 882 as of December 31, 2021.