Nigeria's Central Bank Revokes Operating Licenses Of 132 Microfinance Banks, Others
The Central Bank of Nigeria on Tuesday revoked the operating licenses of at least 132 microfinance banks in the country. Four primary mortgage banks and three finance companies were also included. The apex bank said the Microfinance Banks, Finance Companies and Primary Mortgage Banks have ceased to carry on, in Nigeria, the type of business for which their licences were issued for a continuous period of six months, The Nation reports.
Source: saharareporters.com