Description

Risk-Based Cybersecurity Framework and Guidelines for Other Financial Institutions implemented

On 1 January 2023, the Central Bank of Nigeria's Risk-Based Cybersecurity Framework and Guidelines for Other Financial Institutions, applicable to all entities defined as Other Financial Institutions (OFIs), have been implemented. The Guidelines set…

Scope

Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2022-06-29
adopted

On 29 June 2022, the Central Bank of Nigeria has issued the Risk-Based Cybersecurity Framework and …

2023-01-01
in force

On 1 January 2023, the Central Bank of Nigeria's Risk-Based Cybersecurity Framework and Guidelines …