The Central Bank of Nigeria (CBN) has withdrawn the license of Eyowo, one of Nigeria’s digital banks, and 46 other microfinance banks. The financial sector regulator said it took the decision to revoke the licenses of the 47 entities because they had either remained inactive, insolvent, failed to render returns, closed shop, or ceased to … Continue reading Nigeria’s Central Bank Revokes the Licenses of 47 Microfinance Banks, Others