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CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Breaches

The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country over their failure to comply with regulatory requirements. The apex bank announced the decision in a statement issued on Wednesday by its Acting Director of Corporate Communications, Hakama Sidi-Ali, saying the revocation takes immediate effect. According to the […]