The NDIC has begun taking over assets of 46 failed microfinance banks whose licenses were revoked. The public is warned against dealing with these NDIC mic

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

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

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 46 Microfinance Banks with effect from July 1, 2026, in accordance...

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs).

The CBN has revoked the operating licences of 46 microfinance banks due to regulatory breaches. Find the full list and reasons for the CBN revokes licences

Sidi-Ali said that the action was in accordance with CBN’s powers under sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020.

The Central Bank of Nigeria, CBN, has revoked the operating licences of 46 microfinance banks across the country for failing to meet regulatory requirements.

The NDIC has begun taking over assets of 46 failed microfinance banks whose licenses were revoked. The public is warned against dealing with these NDIC mic

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the verification and payment of insured deposits to customers of the…

The NDIC has taken over 46 microfinance banks whose licenses were revoked by the CBN. Learn about the liquidation process and depositor payment.