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NPF Microfinance Bank (NGX: NPFMCRFBK) Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

NPF Microfinance Bank is a financial services company listed on the Nigerian Stock Exchange (NGX).

NPF Microfinance Bank provides banking products and services for serving and retired officers and men and women employed by the Nigeria Police Force as well as the general banking public.

Latest NPF Microfinance Bank Share Price

The graph above shows the latest NPF Microfinance Bank share price on the Nigerian Stock Exchange. Investors have seen NPF Microfinance Bank shares perform well historically, and it remains a steady investment. NPF Microfinance Bank stock is live on the NGX under the stock symbol of NPFMCRFBK and is available to trade via several brokers in Nigeria.

Overview of NPF Microfinance Bank

The history of NPF Microfinance Bank goes back to 1993 when it was established as a limited liability company. The bank was granted its full license as a community bank in 2002 and converted from that status to a Microfinance Bank due to a directive from the Central Bank of Nigeria. It was listed on 1 December 2010.

Today, NPF Microfinance Bank’s portfolio of products and services are diversified in more sectors of the Financial Services value chain and include the following: loans, advances, money market products and financial advisory services to the retail, commercial and corporate sectors, and micro enterprises with emphasis on members of the Nigerian police force. Its services include retail banking, granting of loans, advances and allied services. NPF Microfinance Bank has developed specialised products to its target customers, like a Police After Service Account, Police Focal Account and IGP Premium Bond.

NPF Microfinance Bank has its head offices at 1 Ikoyi Road, Obalende, Lagos State, Nigeria.

The current CEO or managing director of NPF Microfinance Bank is Mohammed Akinwunmi Lawal.

NPF Microfinance Bank’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NPFMCRFBK.

NPF Microfinance Bank forms part of the Banking Industry and the Financial Services Sector of the Nigerian Stock Exchange (NGX).

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NPF Microfinance Bank

NPF Microfinance Bank Stock Performance

The current price for NPF Microfinance Bank stocks on the Nigerian Stock Exchange (NGX) is 1.91 Nigerian Naira (NGN).

An analysis of financial data of NPF Microfinance Bank showed that the company has a total market capitalisation of 4.37 Billion NGN, with the number of shares outstanding being 2.29 Billion.

On its last trading day (Monday, January 24, 2022) NPFMCRFBK closed at 1.91 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.5% drop from its previous closing price of 1.94 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell NPF Microfinance Bank stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of NPF Microfinance Bank, analysts forecast further improved performance for the Financial Services sector with market share growing as trading volumes increase.

NPF-Microfinance-Bank-Shares

Highlights of NPF Microfinance Bank in 2021/2022

NPF Microfinance Bank started the current financial year (2021) with a share price of 1.70 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 12.4 % in value on its price valuation, ranking 17th on the NGX with its year-to-date performance.

NPF Microfinance Bank is currently the 70th most-traded stock on the NGX and it has experienced a total trading volume of more than 19.5 million shares, which were finalised in 585 deals and were valued at a total of 36.3 million Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 309,367 shares in each trading session.

During the same period a volume high of 4.25 million was achieved on October 26.

How to buy NPF Microfinance Bank stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade NPF Microfinance Bank stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “NPFMCRFBK”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.