About Us

Novel Microfinance Bank Limited was established in 2007 as a Unit Microfinance Bank. The Bank was registered with the Corporate Affairs Commission on November 02, 2007 and licensed by the Central Bank of Nigeria on May 19, 2008. The bank commenced full banking operations at No. 123, Apapa Road, Ebutte- Metta, Lagos in 2009. However, as a result of the astronomical rise in rental cost of the office space at Apapa Road, Ebutte-Metta, Lagos, the bank sought the approval of the Central Bank of Nigeria to re-locate the Bank to its ultra-modern building in Ajegunle. On May 17, 2016, the Central Bank of Nigeria approved the re-location of the bank to No.69, Bale Aiyetoro Street, Ajegunle, Lagos and the Bank’s ultra modern building was officially opened to the general public on December 16, 2016.

Over the years, the Bank has attracted huge patronage from Micro, Small and Medium Enterprises and has carved a niche as a supportive Bank for Retail businesses. As a growing Microfinance Bank in Nigeria, Novel Microfinance Bank Ltd has empowered its customers with life changing consumer and business loans. Our supportive Board and creative Management Team have designed and created high performance metrics and value creation for our customers and all other stakeholders.

The Bank is poised to be in the fore-front of driving financial inclusion, empowering the vulnerable segments of the society, alleviation of poverty by providing financial services to the economically active poor as well as to the Micro, Small and Medium Enterprises Entrepreneurs in a sustainable way. This is in line with the Central Bank of Nigeria (CBN) financial inclusion strategy aimed at bringing financial services to the unbanked and to the under-banked.