NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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CBN revokes licences of 46 microfinance banks over failure to meet regulatory requirements

Banking and Finance

CBN revokes licences of 46 microfinance banks over failure to meet regulatory requirements

Jul 1, 2026 • By Stella Odiche

THE Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks, citing their failure to meet the regulatory requirements for continued operation. The apex bank disclosed…