CBN Non-Permissible MFBs Activities

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The Central Bank of Nigeria CBN Non-Permissible MFBs Activities, the recent circular from CBN to all Microfinance Banks, that all MFBs should cease to carryout financial activities that are not stipulated in their license.

Financial activities such as Foreign Exchange Transaction FOREX, wholesale banking and others. According to CBN, it will pose a serious threat to financial system stability of MFBs considering the low capitalization of Microfinance banks.

CBN Non-Permissible MFBs Activities
Read: Nigeria Banks USSD Codes for Transactions

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