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CBN Revokes Licenses of 46 Nigerian Microfinance Banks

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 46 microfinance banks due to their failure to meet regulatory requirements. This action aims to strengthen the financial sector and ensure compliance.

1 Jul, 16:11 — 1 Jul, 17:13
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Source Diversity

Source Diversity

Moderate (37/100)
3 sources25/33
Spectrum spread2/5 buckets covered8/33
Far L
Left1
Left (1)
Premium Times
Center2
Center (2)
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Right
Far R
Geographic diversity1 region4/34
Nigeria3
All sources from Nigeria region