Sycamore says the CBN's revocation of its MFB licence stems from legacy issues tied to an acquired bank, as the regulator revokes 47 MFBs.

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over multiple regulatory violations, including insolvency,…

Breaking: CBN Revokes Operating Licences of 46 Microfinance Banks Over Regulatory Breaches