CBN revokes 47 microfinance bank licences as Sycamore cites legacy issues

TechCabal | 02.07.2026 00:06
The Central Bank of Nigeria (CBN) has revoked the operating licence of Sycamore Microfinance Bank, but the fintech says the decision relates to legacy issues tied to the Kano-based tier-2 MFB whose licence it acquired as part of its expansion into banking.