Suppose you are looking for a reliable and regulated finance company in Nigeria. In that case, you may want to check out the list of licenced finance companies by the Central Bank of Nigeria (CBN).
Finance companies are non-bank financial institutions that provide various financial services, such as loans, leases, mortgages, hire purchases, debt factoring, etc., to individuals and businesses.
The CBN is the apex regulatory authority for the financial sector in Nigeria, and it periodically publishes a list of licenced finance companies on its website. The list contains the names, addresses, phone numbers and email details of the finance companies that have met the CBN’s requirements and standards.
We will try to show you the most accurate list of CBN-licenced finance companies. We will also give you tips on choosing the best finance company.
List of CBN Licenced Finance Companies
According to the CBN, there are 88 licenced finance companies in Nigeria as of December 31, 2021. The list is arranged alphabetically and can be accessed from the CBN’s website. Here are the first ten finance companies on the list:
| S/N | Name | Address | State | Phone | |
|---|---|---|---|---|---|
| 1 | AAA Finance & Investment Company Limited | No 96/102 Broad Street, Lagos | Lagos | 01-263-0550 | info@aaafinance.com.ng |
| 2 | Addosser Finance Limited | 27, Ribadu Street, Off Awolowo Road, Ikoyi, Lagos | Lagos | 01-271-9322 | info@addosser.com |
| 3 | AIQ Capital Finance Company Limited | 5th Floor, Bankers House, 19 Adeola Hopewell Street, Lagos | Lagos | 01-271-9322 | info@aiqcapital.com |
| 4 | ALC Finance Company Ltd | 11 Volta Street, Off Thames Street, Ministers Hill, Maitama, Abuja | Abuja | 09-291-4900 | info@alcfinance.com |
| 5 | Allianzbridge Finance Company Limited | 5th Floor, Yobe Investment House, Plot 823, Ralph Shodeinde Street, Central Business District, CBD, Abuja | Abuja | 09-291-4900 | info@allianzbridge.com |
| 6 | Aquila Leasing Limited | 12 Samuel Manuwa Street, VI, Lagos | Lagos | 01-271-9322 | info@aquilaleasing.com |
| 7 | Bancorp Finance Limited | 9/11 Macarthy Street, Onikan, Lagos | Lagos | 01-271-9322 | info@bancorpfinance.com |
| 8 | Berkshire Finance Company Limited | 4th Floor, Gaderik Building, 100 Adetokunbo Ademola Street, Victoria Island, Lagos, Eti-Osa, Lagos State | Lagos | 01-271-9322 | info@berkshirefinance.com |
| 9 | Bimboraski Finance Company Limited | 3rd Floor, Suite 308B, Samfa Plaza, Plot 2055 Ndola Crescent, Wuse Zone 5, Abuja | Abuja | 09-291-4900 | info@bimboraski.com |
| 10 | Branch International Financial Services Ltd | 10th Floor, St. Nicholas House, Catholic Mission Street, Lagos Island, Lagos State | Lagos | 01-271-9322 | info@branch.co |
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How to Choose the Best Finance Company for Your Needs
Choosing the best finance company for your needs can be draining sometimes, especially with many available options. However, there are some factors that you should consider before making a decision. Here are some tips to help you choose the best finance company for your needs:
- Check the licence status: The first and most important thing to do is to check the licence status of the finance company. You can do this by visiting the CBN’s website and verifying the list of licenced finance companies. This will help you avoid dealing with unregulated or fraudulent finance companies that may scam or charge exorbitant fees and interest rates.
- Compare the products and services: The next thing to do is to compare the products and services offered by different finance companies. It would be best to look for a finance company that offers the financial services you need, such as loans, leases, mortgages, hire purchases, etc. You should also compare the terms and conditions, such as the interest rates, fees, repayment period, collateral requirements, etc. It would be best to look for a finance company that offers the most competitive and affordable products and services that suit your needs and budget.
- Check the reputation and reviews: The third thing to do is to check the reputation and reviews of the finance company. Using the finance company, you can request referrals from friends, family, or colleagues. You can also check online reviews and ratings from websites, blogs, or social media platforms. Looking for a finance company with a good reputation and positive customer feedback would be best. It would help to avoid finance companies with many complaints, negative reviews, or unresolved issues.
- Visit the office or website: The fourth thing to do is visit the finance company’s office or website. It would be best to look for a finance company with a physical office or branch that you can visit in case of any issues or inquiries. It would be best to look for a finance company with a user-friendly and secure website that you can access anytime and anywhere. You should also check the contact details, such as the finance company’s phone number, email address, or social media handles. It would be best to look for a finance company with a responsive and helpful customer service team that can answer your questions and resolve your issues.
Conclusion
Finance companies are an important part of the financial sector in Nigeria, as they provide various financial services to individuals and businesses.
However, not all finance companies are licenced and regulated by the CBN, which may expose you to risks and losses.
Therefore, it is important to check the list of CBN-licenced finance companies before choosing the best finance company for your needs.
We hope this blog post has helped you find the list of CBN-licenced finance companies in Nigeria and choose the best finance company for your needs. If you have any questions or comments, please leave them below. Thank you for reading, and have a great day!
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