Company Information

Get to know Primera MFB

Primera Microfinance Bank was incorporated on September 15, 2014, and commenced full banking operations in 2015 after being granted a license by the Central Bank of Nigeria (CBN). The bank's mission is to empower individuals and small businesses by providing accessible and innovative financial solutions, including loans, savings accounts, and investment products. It focuses on serving the financial needs of the unbanked and underbanked population in Nigeria, contributing to financial inclusion and economic development.

Industry

Financial BankingPRIMARY
Financial Other Service

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Primera MFB

Nigeria

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.