The Central Bank of Nigeria (CBN) yesterday 23rd May, 2023 revoked the operating licences of 132 Microfinance Banks (MfBs), three finance companies, and four primary mortgage banks (PMBs).
This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN.
According to the gazette, the licences of the financial institutions were revoked because they ceased to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months.
READ AND DONWLOAD GAZETTE BELOW:
