Home | About Us | FAQs | RSS | Contact Us | Sitemap | Careers | Educational | Freedom of Information    

Microfinance Monthly Returns Guide

Masterfile | Documents | Contacts | Returns Manual | Returns Manual Videos

Welcome to the Central Bank of Nigeria’s (CBN) portal for information about Microfinance Banks (MFBs) monthly returns.

It is a regulatory requirement for MFBs to submit monthly returns to the CBN as stipulated in Section 5.3 of Revised Regulatory and Supervisory Guidelines for MFBs in Nigeria and by Section 58(2)b of BOFIA, 1991 (as amended).

This portal provides guidance to Microfinance Banks on creating and submitting accurate and timely monthly returns in compliance with CBN’s requirements.

Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
See All: Facts | Events