Nigeria: Circular introducing systemic oversight measures in payments system including market structure requirements enters into force

Description

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…

Scope

Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
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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2026-06-15
adopted

On 15 June 2026, the Central Bank adopted a circular introducing systemic oversight measures in Nig…

2026-12-31
in force

On 31 December 2026, the Central Bank of Nigeria’s circular introducing systemic oversight measures…