Nigeria: Market structure requirements in circular introducing systemic oversight measures in Nigeria payments system (circular PSS/DIR/PUB/CIR/001/004)
Progress
Current status
adopted
31 Dec 2026 in force
15 Jun 2026 adopted
Scope
Implementers
Nigeria
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Circular introducing systemic oversight measures in payments system including market structure requirements enters into force
On 31 December 2026, the Central Bank of Nigeria’s circular introducing systemic oversight measures in Nigeria's payment system including market structure requirements enters into force. The requirements apply to deposit money banks, mobile money op…
Event type
order
Action type
implementation
Government branch
executive
Government body
central bank
Central Bank of Nigeria adopted circular introducing systemic oversight measures in payments system including market structure requirements
On 15 June 2026, the Central Bank adopted a circular introducing systemic oversight measures in Nigeria's payment system, including market structure requirements to limit concentration in the Nigerian payments system. The requirements apply to depos…
Event type
order
Action type
adoption
Government branch
executive
Government body
central bank