September 13, 2026
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Tag: CBN

CBN Threatens Sanctions Over Rejection of Standard N100 Notes

globalmirrornews04 mins

The Central Bank of Nigeria (CBN) has warned Nigerians, businesses and Financial Institutions against rejecting the standard N100 banknote, insisting that it remains a valid legal tender and that anyone found violating the law risks sanctions. The Apex Bank issued the clarification on Wednesday July 8, 2026, following reports that some traders and individuals had…

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CBN Revokes 46 Microfinance Bank Licences in Fresh Regulatory Sweep

globalmirrornews06 mins

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks in a fresh regulatory enforcement aimed at strengthening the country’s financial system and ensuring strict compliance with banking laws. The Apex Bank announced the decision in a statement issued on Wednesday July 1 by its Acting Director of Corporate Communications,…

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