CBN Grants Apices Finance License to Boost Credit Access in Nigeria

The Central Bank of Nigeria (CBN) granted an operating license to Apices Finance Company Limited, allowing the company to deepen credit access and financial inclusion in the country. The approval, in line with regulatory requirements under the Bank and Other Financial Institutions Act (BOFIA) 2020 and CBN Act 2007, signifies a significant step towards expanding the financial services landscape.

The Managing Director of Apices Finance, Daniel Odoviano Oniko, expressed gratitude for the CBN's decision, emphasizing the company's commitment to empowering businesses through enhanced access to credit. This move aligns with CBN's efforts to promote financial inclusion and diversification of credit access across Nigeria.