Alert Group has secured a national microfinance banking (MFB) licence from the Central Bank of Nigeria (CBN), on which it aims to grow its total assets from N90 billion to N250 billion by the end of 2026.

The group also said it expects loan disbursements to increase from the N130 billion target announced in January to N180 billion.

Speaking at a media briefing in Lagos, the Group Chief Executive Officer of Alert Group, Dr Olanrewaju Kazeem, said the upgrade from a state microfinance banking licence to a national licence required the company to raise its shareholders’ fund above the mandatory N5 billion minimum thresholds, which the institution exceeded.

Kazeem said the group’s shareholders’ fund stands at over N6 billion and has recently grown to about N7.7 billion.
He said with the national licence, the company has revised upward its full-year total asset projection, which initially stood at less than N3 billion.

Kazeem also noted that less than 10 per cent of the group’s total disbursements are allocated to consumer lending, with the bulk directed toward business financing for micro, small and medium-sized enterprises (MSMEs).

Giving the first quarter 2026 performance, Kazeem said the group reported key financial indicators posting growth rates of between 35 per cent and 40 per cent, ahead of its internal quarterly benchmark.

He said the total assets grew from N63 billion to N90 billion in the first three-month period, with its gross loan portfolio expanded from N50 billion to N64 billion.