Microfinance Banks (“MFBs”) plays a significant role in promoting financial inclusion by extending credit, and delivering essential banking services to low-income individuals, small businesses, and the informal economies. For investors who are passionate about financial inclusion, the process of obtaining the operational licence for MFBs from the Central Bank of Nigeria (“CBN”) has become increasingly difficult and riddled with unnecessary bottlenecks and delays. For such investors and Fintech operators, acquiring an MFB has become an attractive strategy for entering the MFB business in Nigeria. Acquiring an MFB is not a straightforward commercial transaction as the success of the transaction is … Continue reading KEY CONSIDERATIONS WHEN PURCHASING A MICROFINANCE BANK IN NIGERIA.