FinanceTechCabalabout 2 hours ago
CBN revokes 47 microfinance bank licences including Sycamore
4 min read
The Central Bank of Nigeria revoked the licence of Sycamore Microfinance Bank and 46 others. Sycamore said the revocation stems from legacy compliance issues tied to a Kano-based tier-2 MFB acquired for expansion into regulated banking. The company's consumer lending and investment operations remain unaffected.
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