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About Us

Let’s Introduce Ourselves


Megapraise Microfinance Bank Limited was incorporated and duly registered with the Corporate Affairs Commission (CAC) September 2012 and commenced business as a fully licensed microfinance bank on September 2, 2013. The Bank received its final operating license from the Central bank of Nigeria on May 2, 2013.

  • Reliable and Secure Bank
  • Everything is perfectly organized
  • Simple Account opening procedures
  • Joining us is a step in the right direction


Our History

Microfinance activities involves the provision of a broad range of financial services such as savings, loans insurance, transfer services to poor and low income households and their micro enterprises. Microfinance has emerged as an effective strategy for poverty reduction. Across Developing Countries, Micro, Small & Medium Enterprises (MSMEs) are turning to Microfinance Institutions for an array of financial services.

Megapraise Microfinance Bank Limited is a private sector commercialized Microfinance Institution (MFI) that seeks to provide a broad range of financial services to low-income group, micro, small and medium enterprises, self employed and employees of corporate organizations. MEGAPRAISE MICROFINANCE BANK Limited is established under the Microfinance Regulatory Policy and Supervisory Guidelines of the Central Bank of Nigeria


To offer qualitative financial services through the efforts of highly motivated personnel with the aid of high profile technology tailored to researched processes and quality platform that will create an exceptionally satisfied and increasingly empowered clientele.


Total Quality Management shall determine our core values in product development, delivery and processes.


To be a reference point as a leading and dominant microfinance services provider in Nigeria.