2009-10-16 | OFID-05-2009

Revised Microfinace Banks' Returns Template

In reference to the previous circular sent on January 29, 2009 regarding monthly submission of deposit and lending rates along with charges, it has come to our attention that many banks have ceased compliance. To remind all banks, this requirement remains in effect, and failure to submit required information may lead to severe regulatory penalties, such as exclusion from the CBN official foreign exchange window. Immediately submit overdue September 2009 returns by emailing BSDReturns@cenbank.org and subsequently forwarding hard copies.

Nigeria

Central Bank of Nigeria

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