March 04, 2020 /07:05 PM / By CBN/ Header
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The Central Bank of Nigeria (CBN), in 2012, issued the Revised Supervisory and Regulatory Guidelines for Microfinance Banks in Nigeria to support the development and sustainability of Microfinance Banks (MFBs).
The need to reposition and strengthen MFB towards improved performance has become apparent as revealed from the report of a recent review of the subsector.
Accordingly, the 2012 Guidelines have been reviewed to strengthen and complement other on-going reform in the MFB sub-sector.
An exposure draft of the reviewed Guidelines is hereby issued for comments and observations. The document may be accessed from the Bank's website.
Your comments to the Director, Financial Policy and Regulation Department, with soft copies mailed to email@example.com within three (3) weeks from the date of this letter, would be appreciated, please.