microfinance banks
Coverage of microfinance banks in the Nexus archive.
- CJP-led body decides to recommend constitutional tweak to govt for establishment of international commercial court
The Law and Justice Commission of Pakistan recommended a constitutional amendment to establish an International Commercial Court of Pakistan. The proposed court aims to resolve international commercial disputes efficiently, strengthen arbitral awards enforcement, and boost investor confidence. The commission also proposed amendments to the Banking Companies Ordinance to extend consumer protection to microfinance customers.
- NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks
The Nigerian Deposit Insurance Corporation (NDIC) has started paying depositors after the Central Bank of Nigeria (CBN) revoked the licenses of 46 microfinance banks. The affected banks are no longer authorized to operate as licensed financial institutions in Nigeria.
- FULL LIST: CBN revokes licences of 46 microfinance banks
The Central Bank of Nigeria (CBN) revoked the licences of 46 microfinance banks. Kano State had the highest number of revoked licences with 13 banks, followed by Lagos with 8.
- JUST IN: CBN revokes licences of 46 microfinance banks
The CBN has revoked the licenses of 46 microfinance banks due to regulatory breaches committed by the institutions.