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All posts tagged "microfinance banks"

E-Financial2 days ago
CBN Cracks Down, Revokes Licences of 46 Microfinance Banks
Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) across the country with effect from July 1, 2026. The apex...
E-Financial3 months ago
NDIC Seeks Court Nods to Liquidate 89 Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) said that it has commenced the process of liquidating 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs). This followed...
E-Financial5 years ago
Reps Ask CBN to Halt MFBs Recapitalisation
The House of Representatives wants the Central Bank of Nigeria (CBN) to suspend the recapitalisation of microfinance banks (MFBs) in the country. The lawmakers of the...