CBN Withdraws 2,698 BDCs Licences In One Year   The Central Bank of Nigeria (CBN) has released an updated list of Bureau de Change (BDCs) dealers approved in the country. According to the list published by the apex bank, the total number of approved BDC operators reduced...

CBN Revokes 179 Microfinance Banks, Others’ Licences   The Central Bank of Nigeria (CBN) has revoked the licences of 179 microfinance banks in the country, as well as four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government,...

Modular Refineries: Revoke, Re-issue Licences, Reps Urge NNPC       The House of Representatives has urged the Nigerian National Petroleum Corporation to review the status of the licences issued to indigenous companies to run modular refineries. It asked the corporation to revoke and re-issue them to competent and...

DPR Offers Revalidation Option For Refinery Licences       Relief may have come for holders of expired refinery licences as the Department of Petroleum Resources (DPR) on Tuesday said companies whose refinery project licences have become invalid could reapply for revalidation. At least 32 refinery project licences issued...

DPR Revokes 32 Refinery Licences, Says Dangote Plant 80% Complete Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources. The DPR said on Monday that the number of...

CBN Gives 15 Microfinance Banks New Licences   No fewer than 15 microfinance banks commenced operations in the country after getting new licences from the banking regulator between February 13, 2019 and December 2019, findings have revealed. The Central Bank of Nigeria had earlier disclosed that the...