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The Central Bank of Nigeria has withdrawn the operating permits of 46 microfinance banks nationwide.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 ยป