2019-04-18 | FPR/DIR/GEN/CIR/O7/025

Exposure Draft of the Guidelines for Licensing and Regulation of Primary Mortgage Banks in Nigeria

The Central Bank of Nigeria (CBN) issued revised guidelines for primary mortgage banks in Nigeria to strengthen the mortgage sub-sector and complement ongoing reforms. The guidelines cover licensing, permissible and non-permissible activities, financial and governance requirements, sources of funds, and prudential requirements. CBN may vary financial requirements as needed.

Tags
licensing
regulation
governance
capital
kyc
aml
disclosure
enforcement
operational
remediation
credit
consumer
advisory
deposits