Sunday, May 4, 2025
30.8 C
Lagos

CBN Unveils Draft Guidelines for Regulation of MFBs

The Central Bank of Nigeria (CBN) has issued a circular (FPR/DIR/GEN/CIR/07/48):

Circular to Microfinance Bank Stakeholders and the General Public dated March 3, 2020 containing draft guidelines for the regulation and supervision of microfinance banks in the country.

The circular signed by Mr. Kevin Amugo, Director, Financial Policy and Regulation at the CBN says the review has become necessary to reposition and strengthen MFBs towards improved performance. It is also designed to complement other on-going reforms in the MFB sub-sector.

The CBN encouraged stakeholders and members of the general public to access the guidelines on the CBN website and make appropriate comments within a period of three (3) weeks.

spot_img
spot_img
spot_img

Hot this week

emPLE Unveils BETA Life: A Three-in-One Endowment Plan for Smarter Savings and Protection

emPLE Life Assurance Limited has announced the launch of...

STI CEO, Soyinka, Lauds Nigerian Workers on May Day

As the world marks this year’s edition of Workers’...

NGX Group, Min of Industry, Trade and Investment, Collaborate to Advance Economic Transformation

Nigerian Exchange Group Plc (NGX Group) recently hosted the...

Inspenonline Summit to Stimulate Interest for Good Retirement

The 2025 Inspenonline Retirement Summit is aimed at stimulating...

Banks, Telecoms, Mobility Brands Dominate Q1 2025 Media Performance Charts

Following the Central Bank of Nigeria’s directive to harmonize...

Topics

NCC, CBN, Polaris Bank, NAICOM, NEM for Business Journal Presentation Sept 16

The Nigerian Communications Commission (NCC), Central Bank of Nigeria...

NITDA Threatens MDAs over .GOV.NG Compliance

The management of National Information Technology Development Agency (NITDA)...

Union Bank Unveils New Branch in Lagos

As part of efforts to deliver simpler and smarter...

NCC to NSSB: Create Awareness on Research, Digital Literacy Projects

L-R: Haruna Sani, Senior Special Assistant to Nasawara State Governor...

NLNG Unveils New Logo in Rebranding Move

Nigeria LNG Limited (NLNG) has unveiled a new logo...

Sub-saharan Africa, Most Expensive Region for Remittance

Sub-saharan Africa is the most expensive region for sending money inform of remittance from other parts of the world, according to the latest report by the World Bank Group. The report listed South Asia as the least expensive. The World Bank said over $62.5 billion has so far been saved for migrants who send money home to their families in an initiative began in 2005 by the Bank and the international community to reduce the cost of sending money home. Each quarter the World Bank publishes data on how much it costs to send money home.

NSE Admits Airtel Africa to its Main Board

 L – R (A) shows Segun Ogunsanya, Managing Director/CEO,...

A New book, ‘The Conversation,’ to Address Family Issues Unveiled

StepCraft Books, the publishing arm of StepCraft Nigeria Limited,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img