The Central Bank of Nigeria (CBN) has introduced sweeping new regulations for banks, fintech firms and other payment service providers, mandating the disclosure of ultimate beneficial owners, localisation of payment transaction data and compliance with market share limits aimed at preventing excessive industry dominance.
The directive, contained in a circular dated June 15, 2026, was signed by…
Headlines Newsletter
Subscribe now for weekly top news headlines roundup, delivered directly to your inbox.
THANK YOU FOR SUBSCRIBING!
Something went wrong.