Transcription of REVISED REGULATORY AND SUPERVISORY GUIDELINES FOR ...
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REVISED REGULATORY AND SUPERVISORY GUIDELINES FOR ...
REVISED REGULATORY and SUPERVISORY GUIDELINES for microfinance Banks in Nigeria Page 1 CENTRAL BANK OF NIGERIA REVISED REGULATORY AND SUPERVISORY GUIDELINES for microfinance BANKS (MFBs) IN NIGERIA DRAFT: 18th December 2012 REVISED REGULATORY and SUPERVISORY GUIDELINES for microfinance Banks in Nigeria Page 2 Table of Contents INTRODUCTION ..6 Power to Terms and 7 PERMISSIBLE AND PROHIBITED ACTIVITIES .. 9 Permissible 9 Prohibited 10 OWNERSHIP AND LICENSING REQUIREMENTS.
Revised Regulatory and Supervisory Guidelines for Microfinance Banks in Nigeria Page 6 1.0 INTRODUCTION The potential of microfinance in poverty reduction, economic growth and development coupled with the emergence of fast growing Microfinance Institutions (MFIs), has effectively put the issue
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