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
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 …
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank