Management Clarified The Misconception Btw NIRSAL PLC And NMFB

The Management of Nirsal Microfinance Bank has clear the air regarding the misconception between NIRSAL PLC And NMFB. Read details below:

Management of NIRSAL Microfinance Bank (NMFB) is aware of the popular misconception that NIRSAL PLC and NMFB are one and the same entity and this notice seeks to clarify this notion.

NIRSAL Microfinance Bank referred to as NMFB is a financial institution licensed by the Central Bank of Nigeria (CBN) in 2019 to operate as a National Microfinance Bank.

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For the avoidance of doubt, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.) is a Non-Bank Financial Institution with a mandate to stimulate the flow of affordable finance and investments into the agricultural sector by de-risking the agriculture & agribusiness finance value chain.

The public is kindly advised to note the clarification.