Why 46 Microfinance Banks Had Their Licenses Withdrawn in Nigeria

Why 46 Microfinance Banks Had Their Licenses Withdrawn in Nigeria

The Central Bank of Nigeria (CBN) has officially revoked the operating licenses of 46 microfinance banks (MFBs), effective July 1, 2026.
This decision, approved by CBN Governor Olayemi Cardoso, arises from non-compliance with regulatory standards. The revocation, which aims to safeguard depositors, was prompted by factors such as insufficient assets, dormant operations, and failure to satisfy minimum capital requirements.

In a statement signed by Sidi-Ali Halama (Mrs), the Acting Director of the Corporate Communications Department of the apex bank, it was stated, “The Central Bank of Nigeria remains committed to promoting a safe, sound and resilient financial system and will continue to take appropriate supervisory and regulatory actions, where necessary, to maintain public confidence in the Nigerian financial system,”
Numerous institutions, including NOW NOW Digital MFB, Sycamore MFB, among others, have been affected, with the complete list accessible on the CBN website. The Nigeria Deposit Insurance Corporation (NDIC) is overseeing the liquidation process to ensure compensation for depositors.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(44)

UK Asylum Seekers Face £10,000 Fee Before They Can Apply to Settle

UK Asylum Seekers Face £10,000 Fee Before They Can Apply to Settle

The UK government's recently introduced Immigration and Asylum Bill, presented by Home Secretary Shabana Mahmood on June 30, 2026, brings forth significant structural modifications.Home Secretary  emp...

1 Juli 1min

Authorities recover body of missing 6-year-old from Clayton County pond

Authorities recover body of missing 6-year-old from Clayton County pond

The body of 6-year-old Ramon "RJ" Jett, who had been missing, was discovered in a pond in Clayton County, Georgia, on the morning of June 29, 2026.RJ, who was nonverbal and autistic, disappeared aroun...

29 Juni 2min

Over 1.3 Million Nigerian Visa Applications Turned Down by the UK Between 2005 and Early 2026

Over 1.3 Million Nigerian Visa Applications Turned Down by the UK Between 2005 and Early 2026

Nigeria holds the second position worldwide for the highest number of UK visa rejections, as per official statistics released by the UK Home Office. From 2005 to the first quarter of 2026, the UK gove...

29 Juni 3min

Venezuelan Earthquakes Kill More Than 1400, Rescue Efforts Underway

Venezuelan Earthquakes Kill More Than 1400, Rescue Efforts Underway

As of June 28, 2026, a minimum of 1,450 individuals have been confirmed deceased, with over 3,200 others sustaining injuries due to the catastrophic twin earthquakes that hit northern Venezuela.The in...

28 Juni 2min

11 killed in eastern France skydiving plane crash; 14 die in Saudi Arabia helicopter accident

11 killed in eastern France skydiving plane crash; 14 die in Saudi Arabia helicopter accident

On June 28, 2026, a civilian skydiving aircraft tragically crashed near the northeastern town of Tomblaine, France, resulting in the deaths of eleven individuals. This incident, which left no survivor...

28 Juni 2min

Nigeria Police say pastor was not arrested in connection with Oyo student kidnappings

Nigeria Police say pastor was not arrested in connection with Oyo student kidnappings

The Oyo State Police Command has officially refuted claims that a pastor was apprehended for providing arms, ammunition, or logistical support to the bandits responsible for the Oriire school abductio...

28 Juni 2min

₦6m penalty imposed on Saudi Airlines by NCAA for consumer protection lapses

₦6m penalty imposed on Saudi Airlines by NCAA for consumer protection lapses

The Nigerian Civil Aviation Authority has imposed a fine of N6 million on Saudi Airlines due to violations related to consumer protection.In a statement released by Chris Achimugu, the Director of Pub...

27 Juni 1min

Populärt inom Politik & nyheter

svenska-fall
aftonbladet-krim
tv4-nyheterna-story
p3-krim
de-fyras-gang
motiv
rss-krimstad
spar
rss-expressen-dok
aftonbladet-daily
flashback-forever
rss-sanning-konsekvens
rss-krimreportrarna
rss-flodet
rss-frandfors-horna
rss-vad-fan-hande
krimmagasinet
svd-ledarredaktionen
svd-dokumentara-berattelser-2
rss-svalan-krim