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Nigeria: Circular on migration and mandatory terminal geo-tagging enters into force

Policy overview

Description

Circular on migration and mandatory terminal geo-tagging enters into force

On 31 October 2025, the obligations under the Circular on migration and mandatory terminal geo-tagging enter into force. The Circular requires all licensed operators within Nigeria’s payments ecosystem, including Deposit Money Banks (DMBs), Microfin…

Scope

Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2025-08-25
adopted

On 25 August 2025, the Central Bank of Nigeria (CBN) issued circular No. PSS/DIR/PUB/CIR/001/001 ma…

2025-10-24
in grace period

On 24 October 2025, the obligation under the Central Bank of Nigeria (CBN) circular requiring all p…

2025-10-31
in force

On 31 October 2025, the obligations under the Circular on migration and mandatory terminal geo-tagg…