Microfinance banks in Nigeria are filling the gap that commercial banks left wide open, especially for small businesses, traders, and individuals who want fast banking without stress. AB Microfinance Bank (AB-MFB) is one of the leading players in this space. Licensed by the Central Bank of Nigeria since 2008, AB-MFB has grown across Lagos, Oyo, … Read more
In Nigeria today, microfinance banks are no longer the “small” alternative. Many of them, like Links Microfinance Bank, now run full digital operations. If you dial their USSD code *723*2222# without an account, you’ll get the “Account not found” error. That’s because you must first open an account, either on the Sofri app (their digital … Read more
The microfinance wave in Nigeria means people no longer have to queue in banks just to recharge or pay a bill. Links Microfinance (Sofri) gives you both online and offline ways to sort airtime and data, the Sofri app when you have internet and the USSD for when you don’t. If you want to buy … Read more
Getting a loan in Nigeria used to be one of the most stressful things ever. You had to go to the bank, fill out forms, bring guarantors, and sometimes even wait weeks before hearing back. But today, with the rise of microfinance banks and digital apps, you can apply for a loan from the comfort … Read more
The rise of microfinance banks in Nigeria has given us the chance to do more without stepping inside a local bank. If you ask most people today when last they stood in a banking hall just to check their balance, they will surely tell you they can’t remember. That ease is what Links Microfinance Bank … Read more
The microfinance industry in Nigeria is booming and increasingly becoming more used by people that do not have the time to be visiting local banks. Just like me, if you ask many people about when last they visited a local bank to deposit or make a transaction, they would surely tell you they can’t remember … Read more
The finance industry is evolving, and millions of Nigerians rely on microfinance banks for quick access to their funds and financial services, especially when commercial banks feel out of reach. This increase in the number of daily users of microfinance banks benefits both new and old banks, thanks to their flexibility to perform actions instantly. … Read more
The finance industry is evolving, and millions of Nigerians rely on microfinance banks for quick loans and financial support, especially when commercial banks feel out of reach. This drastic increase in the daily users of the microfinance banks has been a benefit for the old and new microfinance banks, and due to their flexibility to … Read more
The role of microfinance in Nigeria is increasing day by day, and the needs are also increasing. As of this year, the country is much more developed in the tech industry and expanding with support from top tech companies around the world. In Nigeria most SMEs used to have problems with local banks before the … Read more
The internet has been a very great support to humans, and the need for a stable internet connection is very essential to people, especially when you need to do something urgently online, and this is one of the biggest challenges network providers are facing, as they can’t provide a 100% all-time network solution without having … Read more