Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/01/012

Title: Exposure Draft of Guidelines for Regulation and Supervision of Credit Guarantee Companies in Nigeria

Summary: The Central Bank of Nigeria has issued a circular to banks, financial institutions, and stakeholders in the financial services industry regarding the exposure draft of guidelines for the regulation and supervision of credit guarantee companies (CGCs) in Nigeria. The aim of these guidelines is to improve access to lending for micro, small, and medium-scale enterprises (MSMEs) by reducing credit risk and stimulating lower interest rates on loans. Stakeholders are invited to review the draft guidelines and provide comments and observations within three weeks.

Posted on: Wednesday, August 04, 2021

Download: FPR/DIR/PUB/CIR/01/012