2024-03-05 | FPR/DIR/PUB/LET/001/023

Letter to all Microfinance Banks - Late and Non-Rendition of Statutory Monthly Returns to the Central Bank of Nigeria through the FinA Application

The Central Bank of Nigeria is reminding all Microfinance Banks (MFBs) about the importance of submitting their monthly FinA returns on time, as per the Banks and Other Financial Institutions Act (BOFIA) 2020 and other regulations. MFBs must submit their returns by the 5th day after the month-end, or the previous workday if the 5th falls on a weekend or holiday. Late or non-submission of returns will be sanctioned.

Nigeria

Central Bank of Nigeria

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