February 2025 marks a critical juncture for Nigeria’s microfinance sector as we approach the March 31st deadline for regulatory compliance with the Central Bank of Nigeria mandates. Regulatory Compliance: Countdown to March 31st: Act Now to Avoid Penalties With just weeks until the March 31, 2025, deadline, MFBs must prioritize compliance with the CBN’s Cybersecurity […]
The Nigerian microfinance sector saw several important regulatory changes in the second quarter of 2024, each crafted to reinforce stability and strengthen the role of Microfinance Banks (MFBs) as drivers of financial inclusion. These changes reflect the Central Bank of Nigeria’s (CBN) commitment to building a robust and sustainable financial sector that can support grassroots […]