CBN revokes licenses of banks

Naijaonpoint_ng | 02-07-2026 06:24am |

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks across the country, with the decision taking effect from July 1, 2026. The announcement was made on Wednesday, July 1, 2026, in a statement signed by the Acting Director of the CBN Corporate Communications Department, Hakama Sidi-Ali. The apex bank

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