2013-12-23 | OFI/DIR/GEN/CIR/01/05

Membership And Annual Subscription To The National Association Of Microfinance Banks (NAMB)

This circular from Central Bank of Nigeria (CBN) addresses licensed microfinance banks (MFBs), emphasizing that membership in the National Association of Microfinance Banks (NAMB) is mandatory. All MFBs are required to register with NAMB and pay the annual subscription due in January each year. This membership ensures the smooth functioning of the umbrella association, advocacy, information dissemination, capacity building, adherence to standards, and professionalism. Non-compliance may result in sanctions, including impacting future licensing approvals.

Nigeria

Central Bank of Nigeria

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