
Central Bank of Nigeria
Prudential Guidelines for Finance Companies
- Author
- Central Bank of Nigeria
- Year
- 2020
- Pages
- 21 pages
These guidelines establish prudential requirements for finance companies, covering credit policies, concentration limits, collateral registration, risk classification, provisioning, off-balance-sheet exposures, financial soundness indicators, corporate governance, know-your-customer and anti-money-laundering measures, record retention, and implementation of examination recommendations. They take effect on January 1, 2020.