Guideline For The Licensing, Operations And Regulation Of Credit Bureaux And Credit Bureau Related Transactions In Nigeria, 2013.
The following guidelines are made as a guide for the licensing, operations, and regulation of all
Credit Bureaux and Credit Bureau Related Transactions in Nigeria in the exercise of the powers conferred on the Central Bank of Nigeria by Section 57 of the CBN Act 2007.
Accordingly, the guideline shall apply to all Central Bank of Nigeria licensed
Credit Bureaux and Credit Bureau-related transactions in Nigeria.
The objective of the guideline is to define the licensing, operational
and regulatory requirements for a privately owned Credit Bureau under the CBN Act 2007.
The twelve (12) sectioned guideline became effective as of November 2013 and address issues such as ownership and management of Credit Bureaus in Nigeria amongst other things.
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