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Microfinance Monthly Returns Guide

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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 : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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