Central Bank of Nigeria - Circular on Clarification on the Requirements for Agent Banking

The Central Bank of Nigeria in February 2013 issued "Guidelines for the Regulation of Agent Banking and Agent Banking Relationships in Nigeria".

The following approval requirements for agent banking were issued for deposit money banks (DMBs), micro finance banks (MFBs) and primary mortgage banks (PMBs) that intend to appoint entities to act as their agents in carrying out agent banking activities on their behalf. The circular covers issues related to the following topics:

1. Application Requirements for Deposit Money Banks (DMBs)
2. Supervision of Agents
3. Application Requirements for Micro Finance Banks (MFBs) and Primary Mortgage Banks (PMBs)

Document Details

Document Type: 
Circular
Document Topic: 
Agent Regulation
Doument Author (Entity): 
Central Bank / Reserve Bank
Authoring Country: 
Nigeria
Originating Country or Trade Block: 
Nigeria
Issue Status: 
In Force
Keywords: 
Mobile Money
MF - Micro Finance
Micro Finance Banks
Primary Mortgage Banks
Banking Supervision
Deposit Money Banks
Licensing
Agent Banking
Agent Regulation
Source URL: 
http://cenbank.gov.ng/Out/2013/BPSD/Circular%20on%20Clarification%20on%20the%20R...
Year of Document: 
2013
Date of Document: 
Wednesday, August 7, 2013
Document Authors: 
Central Bank of Nigeria

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.

© Columbia University, CITI 2016. All Rights Reserved.