2010-08-03 | BSD/DIR/SBG/2010/03

Review of Guidelines for Specialised Institutions

The Central Bank of Nigeria (CBN) is reviewing the guidelines for licensing specialized institutions, including non-interest banks, primary mortgage institutions, and microfinance banks, with increased minimum paid-up capital requirements. Transitional arrangements will be provided for existing institutions to recapitalize, and draft frameworks for non-interest banks and primary mortgage institutions are being finalized based on industry feedback. The institutions mentioned above will continue to operate within existing guidelines until the CBN issues revised regulations.

Nigeria

Central Bank of Nigeria

Show thumbnail