CBN Revokes Operating Licences of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) with effect from July 1, 2026, citing their failure to meet regulatory requirements. In…
BUSINESS UPDATE: Banks, Customers Lost ₦134.48bn to Fraud in 6 Years – CBN Report
Banks and their customers in Nigeria lost a total of ₦134.48 billion to various forms of fraud between 2020 and 2025, even as the country witnessed rapid growth in digital…