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Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has barred some online microfinance banks from opening new accounts and accepting new customers. The...
The CBN has revoked the operational licenses of 132 microfinance banks and other financial institutions. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN)...
The CBN argued that those activities were done at a great risk to the financial system and the banks, and directly contravene the Revised Regulatory and...
Central Bank of Nigeria (CBN) has seized the operating licences of 42 microfinance banks across the country. The Nigeria Deposit Insurance Corporation disclosed this in an...