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microfinance banks

microfinance banks

microfinance banks licenses revoked

Full List: CBN Revokes 132 Microfinance Banks’ Licences

General / May 25, 2023 / 7 mins read

The Central Bank of Nigeria, CBN, in line with the Banks and Other Financial Institutions Act (BOFIA), 2020, on Monday, May 22, ordered the revocation of the operating licences of over 100 microfinance banks and other financial institutions. Making the announcement, the CBN governor, Godwin Emefiele stated that the bank came to the decision because …

Full List: CBN Revokes 132 Microfinance Banks’ Licences

CBN Revokes Licenses Of 132 Microfinance Banks: What This Means For Depositors

CBN Revokes Licenses Of 132 Microfinance Banks: What this Means for Depositors

General / May 25, 2023 / 6 mins read

In a recent development, the Central Bank of Nigeria (CBN) revoked the licenses of 132 microfinance banks and other financial institutions. Read the full list here. In this blog post, we will delve into the implications of the license revocation for depositors and shed light on what it means for their overall financial stability. On …

CBN Revokes Licenses Of 132 Microfinance Banks: What this Means for Depositors

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