Nigeria: CBN Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks and Payment Service Banks
Progress
Current status
in force
01 Jul 2024 in force
31 May 2024 adopted
Scope
Implementers
Nigeria
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Implemented CBN Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks and Payment Service Banks, including minimum cybersecurity requirements
On 1 July 2024, the "Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks (DMBs) and Payment Service Banks (PSBs)" was implemented. The framework was issued by the Central Bank of Nigeria (CBN) on 31 May 2024, requiring DMBs and…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank
Adopted CBN Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks and Payment Service Banks, including minimum cybersecurity requirements
On 31 May 2024, the Central Bank of Nigeria (CBN) issued the "Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks (DMBs) and Payment Service Banks (PSBs)." The DMBs and PSBs are required to implement these measures by 1 July 20…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank