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Duxbank Microfinance Bank Limited

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A Nigerian microfinance bank incorporated in early 2024 and licensed by the Central Bank of Nigeria in July 2024.

Last updated September 1, 2026

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Overview

Duxbank Microfinance Bank Limited is a microfinance bank in Nigeria. It was incorporated in early 2024 and licensed by the Central Bank of Nigeria (CBN) in July 2024. The bank aims to bridge the gap between traditional microfinance and financial technology, offering services such as loans, investments, and banking accounts.

History

Duxbank Microfinance Bank Limited was incorporated in early 2024 and licensed by the Central Bank of Nigeria (CBN) in July 2024. It was built with the purpose of bridging the gap between traditional banking and the speed of the modern world.

Products and positioning

  • Dux Payroll Loan

    Get up to ₦10 million disbursed to you in less than 24 hours with flexible repayment.

  • Dux Car Backed

    Unlock the value of your car with a quick loan to sort your financial needs and emergencies.

  • Dux Business

    Tailored for traders, entrepreneurs, and SMEs seeking quick access to funds for business.

  • Dux Fixed Deposit

    Designed for individuals, businesses, and organizations who want to grow their wealth by locking in funds for a chosen period.

  • Dux Smart Save

    Designed for individuals, groups, and cooperatives who want to grow their money through disciplined and consistent periodical savings.

  • Dux Daily Save

    Designed for traders, salary earners, and everyday savers looking to build habits of saving money consistently with flexible benefits.

  • Dux Classic Account

    Tailored for individuals who save consistently toward personal or financial goals while enjoying competitive interest rewards on their funds.

  • Dux Corporate Account

    Tailored for companies, organizations, and registered businesses to manage their finances seamlessly.

  • Dux Individual Current

    Designed for individuals who need a reliable account for everyday transactions, payments, and lifestyle needs.

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