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Business46 Microfinance Banks Shut Down as CBN Enforces Banking RegulationsOlamide TaiwoJuly 1, 202624The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over their...
BusinessCBN Slams N100m Fine on Banks for Poor FX Documentation, Unveils Tougher Market RulesKikelomo GaniuJune 6, 202632The Central Bank of Nigeria (CBN) has introduced stringent penalties for violations in the foreign exchange market, including a N100...
BusinessNigeria Among Africa’s Weakest in Business Lending as Banks Extend Only 9.4% of GDP to Private Sector — AfDBKikelomo GaniuJune 3, 202638The African Development Bank has raised concerns over Nigeria’s low level of private sector financing, revealing that banks in the...
