Nigeria: Central Bank's guidelines on operations of electronic payment channels
Progress
Current status
in force
08 Jun 2020 in force
Scope
Implementers
Nigeria
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Central Bank's guidelines on operations of electronic payment channels entered into force
On 8 June 2020, the Central Bank's guidelines on operations of electronic payment channels entered into force. The guidelines mandate that all domestic transactions be routed through a local switch within Nigeria to enhance the security and efficien…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank