October 17, 2021


documenting the nigerian story…

Baobab MFB mulls expansion to South East, South South

The Chief Executive Officer of Baobab Microfinance Bank, Nigeria Dr. Kazeem Olanrewaju has disclosed that the bank is considering expanding its branches to the South-East and South-South region of Nigeria soon.

Olanrewaju in a chat with Daily Trust in Lagos made known that the bank currently has 24 branches in Lagos, Ogun, Oyo, Kaduna, Nasarawa and the Federal Capital Territory, Abuja since it began operation in 2010.

He noted that a new branch would soon be opened in Jos, Plateau state and more branches in Lagos while he reiterated the plan to move to the south eastern region of the country as part of its expansion drive and efforts to deepen financial inclusion.