ALL BRIEFINGS

Latest source-backed briefings on Nigeria’s economy, policy, markets and business environment.

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Monetary Policy

CBN Revokes 46 More Microfinance Bank Licences – At Least 267 Have Now Been Revoked Since 2020

Effective today, the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks under Sections 12 and 13 of BOFIA 2020, approved by Governor Cardoso. The stated grounds:...

2026-07-01Read →

Monetary Policy

₦1 quadrillion in digital payments, but 28.8 million adults still excluded

Nigeria now moves more than ₦1 quadrillion a year through electronic payments, based on Nigeria Inter‑Bank Settlement System (NIBSS) data for 2024. That means money sent by bank transfer, card, mobile...

2026-06-07Read →

ALL BRIEFINGS

CBN Revokes 46 More Microfinance Bank Licences – At Least 267 Have Now Been Revoked Since 2020

₦1 quadrillion in digital payments, but 28.8 million adults still excluded

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