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Nigeria: CBN Regulatory framework for mobile money services in Nigeria

Progress

Current status
in force
09 Jul 2021 in force

Scope

Implementers
Nigeria
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

09 Jul 2021
in force

CBN Regulatory framework for mobile money services

On 9 July 2021, the Central Bank of Nigeria (CBN) issued the Regulatory Framework for Mobile Money Services in Nigeria. The framework governs digital financial services, mandating adherence to technology standards such as Triple (3) Data Encryption …

Source
Event type order
Action type implementation
Government branch executive
Government body central bank

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