Lovonus Microfinance Bank Limited, one of Nigeria’s fastest-growing financial institutions, is making significant strides in digital transformation. By investing heavily in digital platforms and mobile banking technologies, the bank aims to reduce operational costs and extend its reach to underserved communities across the country.

In an exclusive interview with BusinessDay, Adeola Ayibiowu, managing director and chief executive officer of Lovonus MFB, emphasised that digitisation is not just a cost-saving measure but a powerful tool for enhancing service delivery and operational efficiency.