Nigeria - 2022 - Finance

Guidelines for Credit Guarantee Companies in Nigeria

Central Bank of Nigeria, Nigeria

These guidelines outline the minimum capital requirement for operating a credit guarantee company; the corporate governance requirements; and other prudential requirements for credit guarantee companies in Nigeria. By providing these guidelines, the CBN hopes to reduce the barriers to credit to SMEs, e.g., collateral constraints.

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Guidelines for Credit Guarantee Companies in Nigeria Current Version

October 2024

These guidelines outline the minimum capital requirement for operating a credit guarantee company; the corporate governance requirements; and other prudential requirements for credit guarantee companies in Nigeria. By providing these guidelines, the CBN hopes to reduce the barriers to credit to SMEs, e.g., collateral constraints.

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