2019-08-23 | FPR/DIR/GEN/PAR/02/012

Exposure Draft on the Prudential Guidelines for Finance Companies

The Central Bank of Nigeria (CBN) issued revised Prudential Guidelines for deposit money banks in Nigeria in June 2010 to enhance the quality of banks' assets. The CBN is now issuing sector-specific guidelines for finance companies, which include requirements for credit policy, credit concentration, lending limits, liquidity, and capital adequacy. These guidelines aim to ensure that finance companies maintain sound risk management practices and adequate capital buffers.

Nigeria

Central Bank of Nigeria

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