July 2026

CBN Withdraws Operating Licenses of 46 Microfinance Banks for Breaching Regulation

CBN Withdraws Operating Licenses of 46 Microfinance Banks for Breaching Regulation

The Central Bank of Nigeria has withdrawn the operating permits of 46 microfinance banks nationwide. The apex bank attributed the decision to several regulatory breaches, such as failure to meet minimum capital requirements, insolvency, prolonged inactivity, and non-commencement of operations after licensing.

CBN Withdraws Operating Licenses of 46 Microfinance Banks for Breaching Regulation Read More »

FG Warns Petroleum Marketers Against Excessive Pricing

By Emmanuel Onyedika The Federal Government has cautioned petroleum marketers against selling Premium Motor Spirit (PMS), commonly known as petrol, at prices that fail to reflect the recent decline in global crude oil prices. The warning was issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in a statement signed by its spokesperson,

FG Warns Petroleum Marketers Against Excessive Pricing Read More »

Scroll to Top