Nigeria: CBN Approves National Banking License for Fortis Mfb

27 August 2015

Abuja — The Central Bank of Nigeria (CBN) has granted a national microfinance banking license to Fortis Microfinance Bank Plc. Fortis MFB is currently the largest microfinance institution in Abuja and the North Central region. The Chairman, Fortis MFB, Mr. Felix Achibiri, in a statement yesterday said the institution was poised to replicate its successes nationwide.

He said: "Fortis Microfinance Bank Plc from the onset was clear that it will build a world-class bank of Nigerian origin and with the right workforce that places customers at the heart of all its activities". "With a national banking license Fortis will be driving the Central Bank of Nigeria's financial inclusion programme across the country by providing financial services to all the states of the federation.

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