Nigeria: Obligation under Central Bank's circular requiring all payment terminals to be geo-tagged and equipped with native geolocation capabilities enters into force
Description
Obligation under Central Bank's circular requiring all payment terminals to be geo-tagged and equipped with native geolocation capabilities enters into force
On 24 October 2025, the obligation under the Central Bank of Nigeria (CBN) circular requiring all payment terminals to be geo-tagged and equipped with native geolocation capabilities using dual-frequency Global Positioning System (GPS) receivers ent…
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
2025-10-24
in grace period