Nigerian microfinance banks to get new rules
The Central Bank of Nigeria (CBN) is set to launch a new set of rules, and all MFIs and microfinance banks are to operate under this new set of rules. The “Revised Regulatory and Supervisory Guidelines for Micro-Finance Banks (MFBs)” aims to streamline the process of leveraging microfinance, through MFBs, to attain poverty reduction in keeping with Nigeria’s vision of 2020. Read more here and here.
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