JUST IN: CBN revokes licences of 46 microfinance banks

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JUST IN: CBN revokes licences of 46 microfinance banks

AI Summary

The Central Bank of Nigeria (CBN) revoked licenses of 46 microfinance banks due to regulatory breaches committed by these institutions. The action reflects regulatory tightening in Nigeria's financial sector.

The CBN said the decision became necessary because of one or more regulatory breaches committed by the affected institutions. The post JUST IN: CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.

Politics Markets CBN microfinance banks Nigeria license revocation regulatory breaches

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