
CBN stipulates N10bn capital base for Credit Guarantee Companies
By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has stipulated N10 billion as minimum capital base for Credit Guarantee Companies (CGC). The CGC firms constitute a new subsector within the financial sector, with the task of guaranteeing loans to Micro Small and Medium Enterprises (MSMEs). The CBN yesterday announced the introduction of the new subsector […]