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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 : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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