The Central Bank of Nigeria (CBN) on Wednesday announced that it has unveiled a digital platform for the submission of Microfinance Bank (MFB) licence applications.
“The Central Bank of Nigeria (CBN) is pleased to announce the unveiling of a new online platform for submission of microfinance bank (MFB) licence applications,” the statement said.
According to the statement, the new online platform is called the “CBN Licensing, Approval and Other Requests Portal (CBN LARP)” and it will eventually replace the current manual process wherein prospective applicants for MFB licence physically submit their applications to the CBN.
With effect from 25 September, the apex bank said, MFB licence applicants are required to submit both hardcopy and online applications (via the CBN LARP) as part of a parallel run.
“Applicants may contact the dedicated helpdesk via email at [email protected] for further information. Meanwhile, please note that the Bank shall continue to accept manual applications for all other licence types until further notice,” the statement said.
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