Indications have emerged that the Central Bank of Nigeria may revoke the operating licences of some microfinance banks in the country early next year, ADEMOLA ALAWIYE reports. With the financial sector smarting from the 2010 withdrawal of operating licences of 103 microfinance banks, indications have again emerged that more MFBs may soon lose their licences as a result of another impending cleaning exercise by the Central Bank of Nigeria.
