Why Nigeria’s Rate Cut Means Little to the Market Woman, POS Agent and Micro-Borrower
The Central Bank of Nigeria’s decision to cut its benchmark interest rate by 350 basis points may change conditions in ...
Tag: Microfinance Banks
CBN Revokes 46 Microfinance Bank Licences to Strengthen Nigeria’s Financial System
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks in a move aimed at ...
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide, effective July 1, 2026, ...
NDIC Recovers Assets of 600 Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it is currently managing the assets of nearly 600 failed financial ...
