Nigeria Central Bank Revokes 46 Microfinance Licenses Amid Liquidation Wave

The CBN revoked operating licenses of 46 undercapitalized or inactive microfinance banks across 18 states and Abuja.

The NDIC has assumed control as official liquidator to seal premises, secure assets, and manage debt recovery.

Regional data shows highest failures concentrated in Kano State with 13 closures and commercial hub Lagos with eight.

The NDIC has opened verification portals via physical and digital channels to process and pay out insured deposit claims.

Nigeria Central Bank Revokes 46 Microfinance Licenses Amid Liquidation Wave

The CBN revoked operating licenses of 46 undercapitalized or inactive microfinance banks across 18 states and Abuja.

The NDIC has assumed control as official liquidator to seal premises, secure assets, and manage debt recovery.

Regional data shows highest failures concentrated in Kano State with 13 closures and commercial hub Lagos with eight.

The NDIC has opened verification portals via physical and digital channels to process and pay out insured deposit claims.

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