46 Microfinance Banks Lose CBN Licences—Here’s What Went Wrong – M

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing failure to meet key regulatory and prudential requirements

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing failure to meet key regulatory and prudential requirements