• About
  • Advertise
  • Careers
  • Contact Us
Tuesday, June 24, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

CBN Issues Microfinance Bank License to Awash, a Fintech Platform

by Justice Godfrey Okamgba
June 7, 2023
in Finance
0
Cash Advance
UBA
Advertisements

Central Bank of Nigeria (CBN) has issued a microfinance bank license to Awacash, a fintech platform, this represents a significant milestone for the company.

This achievement follows their earlier acquisition of a money lending license and demonstrates their strong commitment to improving the banking experience for creators and freelancers.

Recalled, recently, the CBN revoked the operating licenses of 132 Microfinance Banks, three finance companies, and four primary mortgage banks

According to the Gazette signed by CBN Governor, Godwin Emefiele, the affected institutions also failed to fulfill or comply with the conditions subject to which their licenses were granted.

They also failed to comply with the obligations imposed upon them by the Central Bank of Nigeria by the provisions of the Banks and Other Financial Institutions Act (BOFIA) 2020, Act No. 5.

According to statement, the fintech platform said its mission is to revolutionize banking by offering borderless payments and seamless financial management, empowering individuals to have greater control over their finances.

The platform is specifically designed for creators and freelancers, providing them with a comprehensive suite of banking solutions. One of the standout features of Awacash is its innovative credit-on-the-go offering, which allows customers to quickly access credit at competitive interest rates.

This unprecedented financial support enables creators and freelancers to pursue their passions, expand their businesses, and seize new opportunities with confidence.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: AwashCBNfintech
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post

Filmmaking and Technology: A chat with Micheal Chineme Ike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

MTN, MTN Nigeria, MTN Group, MTN Innovation Centre

MTN Accelerates Automation Strategy through Cooperation with Huawei

3 years ago
Moniepoint

Moniepoint Enters Personal Banking Market, Targets 33 million Nigerians

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.