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Central Bank of Nigeria

Prudential Guidelines for Microfinance Banks in Nigeria

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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.

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