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Friday, 15 July 2016
Thursday, 19 May 2016
CBN unveils guideline for non- interest microfinance banking
In
a move to encourage the development of the microfinance subsector of
the non-interest finance sector and to deepen financial inclusion, the
Central Bank of Nigeria (CBN) has released the draft guidelines for the
regulation and supervision of Non-Interest (Islamic) Microfinance Banks
(NIMFBs) in Nigeria for inputs/comments.
In the document posted on its website, the apex bank placed the NIMFBs into three categories, namely, unit, state and national.
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