
Central Bank of Nigeria
Prudential Guidelines for Microfinance Banks in Nigeria
- Author
- Central Bank of Nigeria
- Year
- 2020
- Pages
- 24 pages
These guidelines establish prudential requirements for microfinance banks covering credit policies, concentration limits, lending controls, collateral registration, suspicious transaction handling, records retention, credit classification, loss provisioning, off-balance-sheet exposures, financial soundness monitoring, and compliance sanctions. They take effect on January 1, 2020.