46 MFB revocations expose need to update Nigeria's microfinance rulebook - Businessday NG

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…