CBN Issues Exposure Draft of Guidelines for Regulation and Supervision of CGC in Nigeria

Proshare

Wednesday, August 11, 2021 / 10:34 AM / by CBN / Header Image Credit: Ecographics

 

In furtherance of efforts to improve access to lending for micro, small and medium scale enterprises (MSMEs), the CBN has developed the draft Guidelines for licensing and regulation of Credit Guarantee Companies (CGCs) in Nigeria.

 

The guidelines, which would provide a regulatory basis for the operations of credit guarantee companies in Nigeria, seeks to ultimately reduce credit risk, stimulate lower interest rates on loans and complement other initiatives of regulatory authorities aimed at stimulating lending to MSMEs.


Proshare Nigeria Pvt. Ltd.


An exposure draft of the guidelines is hereby issued for Comments and observations. The document may be accessed from the CBN's website

 

We would be pleased to receive comments addressed to the Director, Financial Policy and Regulation Department within three (3) weeks from the date of this circular. Soft copies of your comments may also be forwarded to PolicyandRequlationDivision@cbn.gov.ng.

 

Download Full Exposure Draft of Guidelines Here


Proshare Nigeria Pvt. Ltd.


Related News

  1. CBN Releases Guidelines for Licensing and Regulation of Payment Service Holding Companies in Nigeria
  2. CBN Publishes Regulatory Framework for Mobile Money Services in Nigeria
  3. CBN Publishes Supervisory Framework for Payment Service Banks
  4. Central Bank of Nigeria Issues New Framework for Payment System Providers
  5. An Overview of the Central Bank of Nigeria's Regulatory Framework for Non-Bank Acquiring
  6. CBN Issues Guidelines for Shared Services Arrangements
  7. CBN Issues Regulatory Framework for Non-Bank Merchant Acquiring in Nigeria
  8. CBN Publishes New License Requirements for the Payments System
  9. CBN Issues Framework for Quick Response Code Payments in Nigeria
  10. CBN Revokes Operating Licenses of Seven Payment Services Providers and a Switch Licence Holder
  11. CBN Approves New Licence Categorisations for The Nigerian Payments System

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP