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The CBN has revoked the operating licence of Goldman Microfinance Bank due to the company’s failure to meet statutory requirementsReasons for the revocation cited by the apex bank include liquidation, inadequate assets, serious undercapitalisation and non-adherence to BOFIA provisionsThe CBN says it acted to safeguard depositor interests, ensure financial sector stability and to enforce compliance by licensed institutions
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria (CBN) has revoked the operating licence of Goldman Microfinance Bank Limited, effectively shutting down its operations for failing to meet regulatory requirements.
This was made known in a statement signed by Hakama Sidi-Ali, the Acting Director of Corporate Communications, on Tuesday, June 30, 2026.
CBN revokes Goldman Microfinance Bank’s licence, explains why it closed the lender Photo: cenbankSource: Twitter
The apex bank said the revocation was effective
