2019-03-07 | FPR/DIR/GEN/CIR/07/024

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Review of Minimum Capital Requirement for Microfinance Banks in Nigeria

The Central Bank of Nigeria revised the categories of microfinance banks, splitting Unit Microfinance Banks into Tier 1 (urban/high-density areas) and Tier 2 (rural/unbanked/underbanked areas). The final minimum capital requirements are set at ₦200 million for Tier 1, ₦50 million for Tier 2, ₦1 billion for State, and ₦5 billion for National Microfinance Banks. To facilitate recapitalization, all microfinance banks must meet interim capital thresholds by April 2020 and the full requirements by April 2021.

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Review of Minimum Capital Requi…2018Review of Minimum Capital Requirement for Microfinance banks in Nigeria (2018-10-22)Review of Minimum CapitalRequirement for Microfinance …2019-03-07 · this documentReview of Minimum Capital Requirement for Microfinance Banks in Nigeria (2019-03-07)Review of Minimum Capital Requi…2020Review of Minimum Capital Requirements for Microfinance Banks in Nigeria (2020-04-30)
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