Regent Microfinance Bank Disburses N10bn To Small Businesses

Regent Microfinance Bank announced that it had disbursed over N10 billion in cumulative loans to Micro, Small, and Medium Enterprises (MSMEs) across the country, underscoring its commitment to closing Nigeria’s credit gap, empowering entrepreneurs, and driving sustainable economic growth.

The disbursements, according to the bank, were made through its diverse loan portfolio, which includes FMCG business loans, SME loans, asset financing, and micro-business support. The bank continues to provide the capital entrepreneurs need to strengthen operations, boost productivity, and scale sustainably in an increasingly competitive market landscape.

Speaking on the disbursement milestone, managing director of Regent MFB, Dr Idris Olugbesan, said it reflects the bank’s commitment to long-term economic impact. “Surpassing N10 billion in loan disbursements reflects our conviction in SMEs as drivers of structural economic growth.

“Looking toward 2026, we aim to broaden financial inclusion, ease liquidity constraints for entrepreneurs, and allocate capital prudently to sustain community-level development and long-term, economy-wide impact”, he said, adding that, beyond financing, the bank prioritises partnership.

Also speaking on the milestone, the chief marketing officer of Regent MFB, Chibuzor Uba, stated that, “at Regent MFB, we don’t just bank, we partner. We have been privileged to fuel the growth of countless businesses, empowering them to achieve their dreams and contribute to Nigeria’s economic prosperity. As we continue to innovate and expand our services, we are committed to being the catalyst for success, driving progress and prosperity for all our stakeholders.”

Speaking on the impact of accessible financing, the chief marketing officer of the bank, Elijah Oladosu, said, “Financing should not be a hurdle for promising businesses. With access to the right loan, growth becomes possible, and success becomes scalable.”

According to Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) and the National Bureau of Statistics (NBS), MSMEs contribute roughly 46–50 per cent of Nigeria’s GDP and account for a large majority of business activity and employment in the country. However, limited access to credit continues to constrain their growth potential.