Introduction A Micro Finance Bank (“MFB”) is a subsector company in the financial industry licensed by the Central Bank of Nigeria (“CBN”) to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to individuals and Micro, Small and Medium Enterprises (“MSME”) especially in the rural or unbanked areas.  An MFB differs from commercial banks not only because the former cannot do international money transfer but also it cannot deal in foreign currency transactions, etc. Also, MFB differs from a State-licensed money lender in that the latter is not licensed … Continue reading PURCHASE OF A MICRO FINANCE BANK IN NIGERIA: OVERVIEW OF REGULATORY REQUIREMENTS & FILINGS