CBN Revokes Licenses Of 132 Microfinance Banks, Others (List)

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The Central Bank of Nigeria (CBN) has rescinded the operating licenses of 132 microfinance banks, in addition to those of four primary mortgage banks and three finance companies. The revocations were announced in the Federal Government’s official gazette, published on the CBN’s website on Tuesday. The gazette detailed that the financial institutions lost their licenses […]

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