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Wema Bank Plc, commonly known as Wema Bank, is a Nigerian commercial bank.It is licensed by the Central Bank of Nigeria; the regulator of the nation's banking sector. As of 2019, Wema bank operates the largest digital banking system in Nigeria, ALAT By Wema, which is fully in use in all of the nation's thirty six states and federal capital territory.
Municipal Credit Union (MCU) is a state chartered credit union headquartered in New York City, regulated under the authority of the National Credit Union Administration (NCUA). MCU is metro New York's largest credit union. As of 2018, MCU had $2.68 billion in assets. It has approximately 425,000 members and 18 branches. History
VBank (V by VFD or V) is a virtual bank and platform powered by VFD Microfinance Bank and was launched on March 25, 2020. It was created to offer free online banking. Currently, VBank has onboarded more than 500,000 active individuals and businesses on its mobile banking platform across Nigeria. Veelage
Moniepoint Inc. was founded in 2015 by Tosin Eniolorunda and Felix Ike, who met during their time at Interswitch. Moniepoint Inc. was founded under the name “TeamApt” to provide back-end services to Nigerian banks. [3] [4] In 2019, Moniepoint Inc. received a switching license in Nigeria. [5] In 2022, Moniepoint received a banking license ...
Union Bank is a large commercial bank, serving individuals, small and medium-sized companies, as well as large corporations and organizations. In July 2009, it was rated the 556th largest bank in the world and the 14th largest bank in Africa. [2] As of Mar 31, 2018, the bank's asset base was estimated at NGN1, 381 billion (US$4.1billion).
The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959.
Advans La Fayette Microfinance Bank; This is a list of Online-Only Microfinance Banks in Nigeria: FairMoney Microfinance Bank; Sparkle Bank; Kuda Bank; Moniepoint Microfinance Bank; Opay; Dot Microfinance Bank; Palmpay; Rubies Bank; VFD Microfinance Bank; Mint Finex MFB; Mkobo MFB; Raven bank; Rex Microfinance Bank; This is a list of Merchant ...
Premium Trust Bank is a Nigerian commercial bank that is licensed by the Central Bank of Nigeria, the national banking regulator. The bank offers personal, corporate, private and SME Banking. As of February 2023, the bank has 8 branches in Nigeria. Premium Trust Bank was founded by Emmanuel Emefienim. History
Parallex Bank Limited is a Nigerian financial services provider that operates as a licensed commercial bank, regulated by the Central Bank of Nigeria, the country's central bank and national banking regulator. [1] In December 2023, Parallex Bank was awarded Reputable Bank of the Year by the Global Reputation Forum in UK for being the first bank ...
Bank of Industry Limited (abbreviated as 'BOI') is Nigeria's oldest and largest Development Finance Institution (DFI) currently operating. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%).