Business Finance

CBN Revokes Operating Licences Of 46 Microfinance Banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) with effect from July 1, 2026, following their failure to meet regulatory requirements for continued operation. The revocation, approved by CBN Governor Olayemi Cardoso, was announced in a statement signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali. […]