1. Introduction Microfinance Banks (“MFBs”) are subsector players licensed, regulated and supervised by the Central Bank of Nigeria (“CBN”) to provide access to financial services such as micro-savings, micro-credits, transfer services and other financial products targeted at the economically active poor. The CBN issued the Guidelines for the Regulation and Supervision of Microfinance Banks (“Guidelines”), which has been revised on occasions, including the year 2013. In January 2020, the CBN commenced another review to further address the challenges experienced in the implementation of the revised guidelines of 2011. 2. Categories of MFB Licences and their Financial Requirements There used to … Continue reading Easy Guide on the Financial & Regulatory Requirements for Micro-Finance Bank Licence in Nigeria