Nigerian Microfinance Platform (NMP)

The Nigerian Microfinance Platform (NMP) is a strategic initiative by the Body of Microfinance Banks’ CEOs in Nigeria (BOMBCON), in partnership with the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It was established to provide a sustainable and shared technology platform to all licensed Microfinance Banks (MFBs) in Nigeria. NMP aims to lower the operational costs for MFBs, improve their efficiency, and promote financial inclusion by providing services like Core Banking Application (CBA), Agency Banking, and integration with the national payment systems.