Here are the microfinance banks CBN wants to shut down

Here are the microfinance banks CBN wants to shut down

The Nigerian Central Bank said it will revoke the licenses of microfinance banks and finance companies for various reasons.

The apex bank said in a detailed list that the license revocation will affect 154 microfinance banks, six private money banks as well as 22 finance companies.

See the link to the list of affected institutions- https://www.cbn.gov.ng/Out/2018/CCD/Revocations.pdf