Dossier
microfinance banks
Coverage of microfinance banks in the Nexus archive.
- NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks
The Nigerian Deposit Insurance Corporation (NDIC) has started paying depositors after the Central Bank of Nigeria (CBN) revoked the licenses of 46 microfinance banks. The affected banks are no longer authorized to operate as licensed financial institutions in Nigeria.
- FULL LIST: CBN revokes licences of 46 microfinance banks
The Central Bank of Nigeria (CBN) revoked the licences of 46 microfinance banks. Kano State had the highest number of revoked licences with 13 banks, followed by Lagos with 8.
- JUST IN: CBN revokes licences of 46 microfinance banks
The CBN has revoked the licenses of 46 microfinance banks due to regulatory breaches committed by the institutions.