2015-04-15 | BSD/DIR/GEN/MCF/08/20

Cessation of Rendition of Returns on Micro Credit Fund

The letter informs banks that the Micro Credit Fund (MCF) has been discontinued since March 15, 2010, due to low contributions from deposit money banks and a lack of response from states. Despite this, some banks have continued to render returns on MCF to the Central Bank of Nigeria. Banks are directed to stop submitting these returns immediately.

Nigeria

Central Bank of Nigeria

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