Moniepoint Microfinance Bank (MFB) has won the SME Microfinance Bank of the Year award for the third consecutive year at the 14th BusinessDay Banks and Other Financial Institutions (BAFI) Awards, reinforcing its position in financing and supporting small businesses across Nigeria.
Tosin Eniolorunda, Co-founder and Group Chief Executive Officer of Moniepoint Inc., also received the SME Finance Transformation Leader of the Year award at the ceremony.
The awards come amid significant growth in the bank’s lending and payment operations. According to Moniepoint’s 2025 Year in Review, the bank disbursed more than ₦1 trillion in credit to thousands of small businesses during the year, with businesses accessing the loans recording an average increase of more than 36 per cent in transaction value.
Moniepoint uses alternative data, including transaction histories, business patterns and payment behaviour, to assess the creditworthiness of businesses, enabling it to extend financing to enterprises that may have limited access to traditional credit.
The bank also reported serving more than six million active businesses and powering eight in every 10 in-person payments in Nigeria as the country’s largest merchant acquirer.
In 2025, Moniepoint processed ₦412 trillion in transaction value across more than 14 billion transactions, highlighting the scale of its operations in Nigeria’s digital payments ecosystem.
Ezekiel Sanni, Senior Vice President, Distribution Network Sales at Moniepoint, who represented Eniolorunda at the awards ceremony, said the recognition affirmed the bank’s commitment to supporting small and medium-sized enterprises (SMEs).
“We are honoured to be named SME Microfinance Bank of the Year by BusinessDay. Small businesses are the backbone of the Nigerian economy, and this award strengthens our commitment to give them the credit, payments and tools they need to scale,” Sanni said.
He added that the bank would continue expanding access to credit and investing in its distribution network to help more businesses across the country grow.
Commenting on Eniolorunda’s individual award, Sanni said the recognition reflected the strategic direction he had set for the company in making financial services more accessible to small businesses.
“The SME Finance Transformation Leader award recognises the direction Tosin Eniolorunda has set for Moniepoint, which is to make quality financial services available to small businesses, which points to where the business is headed,” he said.
He added that the company was working towards a financial system in which businesses across Nigeria could access the services required to expand their operations.
The latest BAFI honours add to a growing list of industry recognitions for Moniepoint MFB. These include Best Financial Institution in Women Empowerment from the Association of Professional Women Bankers and Marketing Campaign of the Year (Brand) at the Creative Impact Institute Awards.
The bank was also recently recognised for Innovative Digital Financial Solutions for Women at the Presidential Committee on Economic and Financial Inclusion (PreCEFI) She’s Included Conference.
Organised by BusinessDay, the BAFI Awards recognise financial institutions and industry leaders whose performance, innovation and leadership contribute to the development of Nigeria’s financial services sector.
The 2026 edition presented 67 awards spanning payments, lending, investment management, capital markets, insurance, pensions and trusteeship, highlighting developments across the country’s financial ecosystem.