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The Central Bank of Nigeria (CBN) has revoked the operating licenses of forty-six (46) Microfinance Banks with effect f
The Central Bank of Nigeria has cancelled the operating licences of 46 microfinance banks following widespread regulatory breaches and financial instability concerns.
The statement further indicated that the revocation was approved by CBN governor, Olayemi Cardoso, following the banks’ failure to meet the regulatory requirements for continued op...
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks over their failure to meet regulatory requirements for continued operations. The apex...
On the list of the 46 microfinance banks whose licences were revoked, Kano State accounted for the highest number with 13 banks, followed by Lagos with eight. The post FULL LIST:...
The CBN said the decision became necessary because of one or more regulatory breaches committed by the affected institutions. The post JUST IN: CBN revokes licences of 46 microfina...
CBN has revoked the operating licences of 46 Microfinance Banks across Nigeria. NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has revoked the operating licences...
According to the corporation, the affected banks have ceased to operate as licensed financial institutions and are no longer authorised to carry out banking business in Nigeria. Th...
The CBN’s recent crackdown on microfinance banks, revoking 46 licenses, is expected to drive consolidation and shift deposits, strengthening Nigeria’s fina Read More: https://punc...
The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 States, helping small suppliers access working capital against confirmed government purcha...
The microfinance sector deserves better attention In line with Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020, the Central Bank of Nigeria (CB...
Sycamore, a Lagos-based financial services company, has secured a microfinance bank licence from the CBN, offering direct deposit access to 400,000+ custom Read More: https://punc...
Sunday Ehigiator The management of Accion Microfinance Bank has said it has disbursed over N350 billion in loans to more than 500,000 customers over the last 20 years, while mainta...
Bank of Maldives (BML) has opened seven branches, reinforcing its commitment to expanding access to banking services across the Maldives. The branches were formally inaugurated Wed...
The council disbursed Sh500.6 million to 52 groups, with 24 women's groups receiving Sh208 million, 19 youth groups Sh259.8 million, and nine groups of people with disabilities Sh3...
Loma Bank partners with Liberty Hub to provide embedded finance, digital accounts, and loans to over 11,000 SMEs, boosting financial inclusion in Nigeria. Read More: https://punch...
Motilal Oswal expects the banking system credit to grow at a CAGR of around 14% over FY2628, supported by strong demand across corporate, retail, and MSME segments.
Zaidi ya Sh946 milioni za mikopo ya asilimia 10 zimetolewa kwa vikundi 34 vya wanawake, vijana na watu wenye ulemavu katika Halmashauri ya Wilaya ya Mbeya Vijijini.
Srinagar, Jun 7: Despite a steady rise in credit guarantee-backed lending to Micro and Small Enterprises (MSEs) in Jammu and Kashmir, the benefits of the Centre's flagship Credit G...
काठमाडौँ। मुक्तिनाथ विकास बैंकले सामाजिक उत्तरदायित्व कार्यक्रमअन्तर्गत “मुक्तिनाथ उत्कृष्ट छात्रवृत्ति” अभियानमार्फत देशभरका ४२ जना कक्षा ११ मा अध्ययनरत विद्यार्थीलाई छात्रवृत्ति...
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