As a partner of The World Savings Banking and Retail Institute (WSBI), LAPO Microfinance Bank was in attendance at the Scale to Save event organized by WSBI with a broad mix of other financial service providers across countries. The event which held in Nigeria in March 2022, was a program to establish the viability of low-balance savings accounts and to understand the extent to which savings allow vulnerable people to boost their financial resilience and wellbeing...

Press Release

LAPO MFB INCREASES STAFF SALARIES.

In response to the current economic realities which have witnessed recent spikes in fuel, electricity, and other prices, Nigeria’s largest microfinance bank, LAPO Microfinance Bank with over 7,000 staff has announced a 25% and 12.5% increment in the salaries for junior and senior staff respectively across the country...

BLOG POST

Microfinancing in Nigeria: The Key to Empowering Small Businesses in the Future.

As a developing country, Nigeria has a significant number of small businesses operating in various sectors of the economy.