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CBN Revokes Licences Of 46 Microfinance Banks Over Regulatory Violations, Insolvency
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over multiple regulatory violations, including insolvency, prolonged inactivity, and failure to meet minimum capital requirements. The apex bank announced that the revocation took effect on July 1, 2026, following the approval of the Governor of the Central Bank of Nigeria, Olayemi Cardoso.
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thisdaylive.com
Breaking: CBN Revokes Operating Licences of 46 Microfinance Banks Over Regulatory Breaches
Breaking: CBN Revokes Operating Licences of 46 Microfinance Banks Over Regulatory Breaches
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saharareporters.com
CBN Revokes Licences Of 46 Microfinance Banks Over Regulatory Violations, Insolvency
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over multiple regulatory violations, including insolvency,…
