…“Illegal premises accounted for 45 per cent of all facilities sealed for one or more regulatory breaches. In accordance with the provisions of the law, 100 per cent of the illegal premises identified during the exercise were sealed.” Ciroma added that only 56 per cent of the pharmacies inspected complied fully with reg…

The Central Bank of Nigeria uncovered foreign exchange regulatory breaches by some authorised dealers after conducting a routine examination of 34 institutions, according to its 2025 Annual Report and Statement of Accounts. The review, which covered activities between 1 April 2024 and 31 March 2025, assessed compliance…

…Communications, Hakama Sidi-Ali and released on Wednesday, July 1, highlighted various regulatory breaches, including under-capitalisation and prolonged inactivity, as grounds for the revocation.The CBN stated that the licenses of these microfinance banks were revoked on July 1, 2026, following approval by its Governor…

…protect depositors, and ensure that licensed institutions comply with current laws and regulatory requirements," the apex bank said. It added that it remains committed to promoting "a safe, sound and resilient financial system" and would continue to take appropriate supervisory and regulatory actions whenever necessary…