CBN revokes licences of 132 Microfinance banks, four primary mortgage…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and…
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Microfinance Banks
CBN warns microfinance banks against engaging in FOREX, other unauthorized…
The Central Bank of Nigeria (CBN) has cautioned microfinance banks in the country to stop engaging in foreign exchange…
NDIC begins closure Of 42 Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 microfinance banks after a directive from the…
CBN withdraws licences of 42 microfinance banks
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have…
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
The Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million…
CBN Extends Deadline for Microfinance Banks Recapitalisation
With deep consideration to the COVID-19 pandemic on economic activities, the Central Bank of Nigeria (CBN) has announced…
CBN Unveils Tougher Sanctions for Microfinance Banks
On Wednesday, the Central Bank of Nigeria (CBN) released a review of guidelines for the regulation and supervision of…
CBN announces new capital base for Microfinance Banks
The Central Bank of Nigeria (CBN) has announced N5 billion as the minimum capital requirement for national microfinance bank in…
CBN to revoke operating licences of 154 microfinance banks, 28 others
The Central Bank of Nigeria(CBN) on Wednesday gave a notification to revoke the operating licences of 182 other financial…