&w=1536&resize=1536,0&ssl=1 "CBN revokes licences of 46 microfinance banks — see full list of affected organisations")
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks, including NOW NOW Digital MFB, Sycamore MFB and Creditville MFB. See the full details and why the banks lost their licences.
Under the leadership of Governor Olayemi Cardoso, the apex bank invoked the Banks and Other Financial Institutions Act (BOFIA) 2020 to safeguard the financial sector.
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Read Full Article by Precious Omolu at www.pulse.ng
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