• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

CBN to Sanction MfBs for Failure to File Monthly Returns 

Reporter: Tobi Adetunji

by Techeconomy
March 12, 2024
in Finance
0
Central Bank of Nigeria - CBN - Africa Trade Barometer, MfBs, External Debt Servicing
Central Bank of Nigeria - CBN

Central Bank of Nigeria - CBN

UBA
Advertisements

The Central Bank of Nigeria (CBN), has urged all Microfinance Banks (MfBs) to ensure prompt rendition of statutory monthly returns through FinA application. 

This is contained in a circular signed by Valentine Ururuka, the Director of Financial Policy and Regulation Department of the apex bank addressed to all MfBs.

According to Ururuka, the CBN has observed with dismay the late and non-rendition of periodic returns on FinA by MfBs.

“All MfBs are, therefore, reminded of the provision of Section 24 of the Banks and Other Financial Institutions Act (BOFIA) 2020, and other regulations. Consequently, all MfBs are to ensure that their monthly FinA returns are submitted on or before the fifth day after month end.

“Where the fifth day falls on a weekend or public holiday, returns shall be submitted the previous work day,’’ he said. He warned the MfBs to ensure timely rendition as all future breaches “shall be sanctioned’’.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: CBNFinAMFBs
Techeconomy

Techeconomy

Next Post
Goldman Sachs logo

Goldman Sachs to Expand Private Credit Portfolio to $300bln in Five Years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Facebook Photos via CryptoRom

Sophos Uncovers Fake Apps on Apple’s App Store Used by Cybercriminals for CryptoRom Schemes

2 years ago
QNET introduces the Serendipity Collection by Bernhard H. Mayer -

Luxury Meets Sustainability: QNET Introduces Bernhard H. Mayer’s Serendipity Collection

7 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.