In furtherance of its sustained drive to banking services to the grassroots and by implication, bring millions of unbanked poor into the financial inclusion net, the Central Bank of Nigeria (CBN), on Thursday released new guidelines and regulations for Payment System Banks (PSBs) in the country. The apex bank stated that the regulatory measure, which […]
Tag: CBN Director of Financial Policy and Regulation Department – Kevin Amugo
CBN Reviews MFBs’ Capital Base Requirements
The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks (MFBs) in the country, giving them up to April 2020 to recapitalise. The apex bank, through a circular issued and signed by the Director, Financial Policy and Regulation Department, Kevin Amugo, raised the minimum capital base of National MFBs to […]