2015-08-31 | OFISD-1-2015

Regulatory and Supervisory Guidelines for Development Finance Institutions in Nigeria

The Central Bank of Nigeria's regulatory and supervisory guidelines outline the requirements for licensing, regulation, and supervision of Development Finance Institutions (DFIs) in Nigeria. DFIs are specialized financial institutions that provide funding and support to key sectors of the economy to promote economic development. The guidelines cover topics such as definitions and objectives, powers and duties of the CBN, permissible and non-permissible activities, licensing procedures and requirements, corporate governance, sources of funds, prudential requirements, and administrative sanctions. The CBN aims to promote financial inclusion and direct private capital to participating financial institutions through these guidelines.

Nigeria

Central Bank of Nigeria

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