April 7, 2017/CBN

Click here to view PDF Copy of Guidelines

Further to its mandate of Dromoting a souna financial system in Nigeria, the Centro! Bank of Nigeria hereby issues the Guidelines on One Regulation and Supervision of Non- Interest (Islamic) Microfinance Banks (N IMFBs) in Nigeria.

The guidelines is expected to enhance financial inclusion by bringing to the formal sector, individuals, communities and corporations that are not captured by the conventional Microfinance Banks (MFBs).

The minimum standard operating procedures, prudential ratios and other regulatory requirements that operators of NIMFBs are expected to comply with have been properly specified in the guidelines.

KEVIN N . AMUGO

DIRECTOR, FINANCIAL POLICY AND REGULATION DEPARTMENT