2018-06-07 | FPR/DIR/GEN/CIR/07/002

Circular to All Banks on the Redesigned CRMS: Notice of Commencement of CRMS Compliance Status Checks

The Central Bank of Nigeria circulates a notice to banks, advising them to align their Credit Risk Management System (CRMS) compliance with End-of-Month processes and statutory return submissions. Banks must update their live CRMS records within 8 days after each month-end to match the totals with the FiNA month-end returns. An additional feature, "Historical Outstanding Balances Report," has been added to the CRMS platform for banks to download historical CRMS records.

Nigeria

Central Bank of Nigeria

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