March 11, 2020
Reviewed Guidelines for the Regulation and Supervision of Microfinance Banks
In the circular dated March 3, 2020, the Central Bank of Nigeria (“CBN”) released the exposure draft of the reviewed Guidelines for the Regulation and Supervision of Microfinance Banks in Nigeria (January 2020) (the “Exposure Guidelines”).
The CBN in the circular indicated that the 2012 Revised Supervisory and Regulatory Guidelines for Microfinance Banks in Nigeria (“2012 Guidelines”) have been reviewed to strengthen and complement the on-going reform in the Microfinance Bank (“MFB”) sub-sector.
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